Holmes v. SEC

Holmes v. SEC is a legal case in which the U.S. Supreme Court addressed whether investors who were harmed by securities fraud could seek damages under certain laws. The case focused on the concept of "standing," which determines who has the right to bring a lawsuit. The Court ruled that only those directly injured by the fraud could sue, emphasizing that the law aims to protect investors who are directly affected rather than those indirectly linked. This decision clarified the scope of investors' rights in securities fraud cases, reinforcing the importance of direct harm in legal claims.