University of Miami Law Review


Peter J. Valeta


The author examines the effect the proposed Federal Securities Code has upon existing statutory and decisional law in rule l0b-5 private actions. Though the Code makes few changes in the applicable substantive law, it does introduce an element of consistency and harmony into an area burdened by statutory overlap and imprecision. The author adjudges this aspect of the Code to be one of its most significant contributions to the field of securities law.