2013-08-07cnbc.com

``The Dodd-Frank financial reforms loosened [the culpability] standard considerably, allowing the SEC to bring cases against third parties who "recklessly" provide aid to securities fraudsters. This means the SEC no longer has to prove that a third-party knew about the fraud only that it failed to take reasonable measures to detect or prevent it. For Wall Street firms that have long-standing relationships with SAC, this could mean trouble. ''



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