Political Quotes

William Bryan: “The question I have is with reference to the Senator's observation about standard for reckless misconduct. As I…”

On the recordMay 13, 1998
The question I have is with reference to the Senator's observation about standard for reckless misconduct. As I understand, we have actual knowledge, we can have simple or ordinary negligence, we can have gross negligence, and then we can have a standard of reckless conduct which is an utter disregard of the facts. Is the Senator saying that the legislation that we are processing today does not clarify in the findings of this committee that we want to reaffirm that reckless misconduct ought to be a cause of action for those who are defrauded by investors?
Said by
William Bryan
Florida
Source
govinfo.gov

Editor's note · Context

Questioning the clarity of legislation regarding standards for reckless misconduct in investor fraud cases.

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