{"id":1047,"date":"2020-06-11T14:58:06","date_gmt":"2020-06-11T14:58:06","guid":{"rendered":"http:\/\/localhost\/?p=1047"},"modified":"2020-06-11T14:58:06","modified_gmt":"2020-06-11T14:58:06","slug":"strict-liability-has-no-place-in-should-have-known-case","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/","title":{"rendered":"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case"},"content":{"rendered":"<p>In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned &#8220;should have known&#8221; liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation.<\/p>\n<p><a href=\"https:\/\/us.eversheds-sutherland.com\/portalresource\/lookup\/poid\/Z1tOl9NPluKPtDNIqLMRV56Pab6TfzcRXncKbDtRr9tObDdEqS3Dma3!\/fileUpload.name=\/Strict%20Liability%20Has%20No%20Place%20In%20'Should%20Have%20Known'%20Case.pdf\">Read why here<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned &#8220;should have known&#8221; liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here &nbsp;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,22],"tags":[],"class_list":["post-1047","post","type-post","status-publish","format-standard","hentry","category-compliance","category-standard-of-care"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned &quot;should have known&quot; liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Clifford E. Kirsch, Editor\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Legal Perspectives on Current Regulatory Developments for BDs and IAs |\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Strict Liability Has No Place In \u2018Should Have Known\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs\" \/>\n\t\t<meta property=\"og:description\" content=\"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned &quot;should have known&quot; liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2020-06-11T14:58:06+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2020-06-11T14:58:06+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Strict Liability Has No Place In \u2018Should Have Known\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs\" \/>\n\t\t<meta name=\"twitter:description\" content=\"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned &quot;should have known&quot; liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#article\",\"name\":\"Strict Liability Has No Place In \\u2018Should Have Known\\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"headline\":\"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case\",\"author\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#organization\"},\"datePublished\":\"2020-06-11T14:58:06+00:00\",\"dateModified\":\"2020-06-11T14:58:06+00:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#webpage\"},\"articleSection\":\"Compliance, Standard of Care\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/bdia.pli.edu\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/#listItem\",\"name\":\"Compliance\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/#listItem\",\"position\":2,\"name\":\"Compliance\",\"item\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#listItem\",\"name\":\"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#listItem\",\"position\":3,\"name\":\"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/#listItem\",\"name\":\"Compliance\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#organization\",\"name\":\"Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/\",\"name\":\"Clifford E. Kirsch, Editor\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d5c5c98ac1850fefdd198bc19bd5322f72559e8115a14058a24623c6afe0eb9c?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Clifford E. Kirsch, Editor\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#webpage\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/\",\"name\":\"Strict Liability Has No Place In \\u2018Should Have Known\\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"description\":\"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned \\\"should have known\\\" liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/06\\\/11\\\/strict-liability-has-no-place-in-should-have-known-case\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\"},\"datePublished\":\"2020-06-11T14:58:06+00:00\",\"dateModified\":\"2020-06-11T14:58:06+00:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#website\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/\",\"name\":\"Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"Strict Liability Has No Place In \u2018Should Have Known\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs","description":"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned \"should have known\" liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here","canonical_url":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#article","name":"Strict Liability Has No Place In \u2018Should Have Known\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs","headline":"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case","author":{"@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author"},"publisher":{"@id":"https:\/\/bdia.pli.edu\/#organization"},"datePublished":"2020-06-11T14:58:06+00:00","dateModified":"2020-06-11T14:58:06+00:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#webpage"},"isPartOf":{"@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#webpage"},"articleSection":"Compliance, Standard of Care"},{"@type":"BreadcrumbList","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu#listItem","position":1,"name":"Home","item":"https:\/\/bdia.pli.edu","nextItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/#listItem","name":"Compliance"}},{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/#listItem","position":2,"name":"Compliance","item":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/","nextItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#listItem","name":"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case"},"previousItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#listItem","position":3,"name":"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case","previousItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/#listItem","name":"Compliance"}}]},{"@type":"Organization","@id":"https:\/\/bdia.pli.edu\/#organization","name":"Legal Perspectives on Current Regulatory Developments for BDs and IAs","url":"https:\/\/bdia.pli.edu\/"},{"@type":"Person","@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author","url":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/","name":"Clifford E. Kirsch, Editor","image":{"@type":"ImageObject","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/d5c5c98ac1850fefdd198bc19bd5322f72559e8115a14058a24623c6afe0eb9c?s=96&d=mm&r=g","width":96,"height":96,"caption":"Clifford E. Kirsch, Editor"}},{"@type":"WebPage","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#webpage","url":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/","name":"Strict Liability Has No Place In \u2018Should Have Known\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs","description":"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned \"should have known\" liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/bdia.pli.edu\/#website"},"breadcrumb":{"@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/#breadcrumblist"},"author":{"@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author"},"creator":{"@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author"},"datePublished":"2020-06-11T14:58:06+00:00","dateModified":"2020-06-11T14:58:06+00:00"},{"@type":"WebSite","@id":"https:\/\/bdia.pli.edu\/#website","url":"https:\/\/bdia.pli.edu\/","name":"Legal Perspectives on Current Regulatory Developments for BDs and IAs","inLanguage":"en-US","publisher":{"@id":"https:\/\/bdia.pli.edu\/#organization"}}]},"og:locale":"en_US","og:site_name":"Legal Perspectives on Current Regulatory Developments for BDs and IAs |","og:type":"article","og:title":"Strict Liability Has No Place In \u2018Should Have Known\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs","og:description":"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned &quot;should have known&quot; liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here","og:url":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/","article:published_time":"2020-06-11T14:58:06+00:00","article:modified_time":"2020-06-11T14:58:06+00:00","twitter:card":"summary_large_image","twitter:title":"Strict Liability Has No Place In \u2018Should Have Known\u2019 Case | Legal Perspectives on Current Regulatory Developments for BDs and IAs","twitter:description":"In a May 21, brief filed with the U.S. Court of Appeals for the D.C. Circuit in Thaddeus North v. U.S. Securities and Exchange Commission, the SEC turned &quot;should have known&quot; liability into a strict liability standard.[1] The D.C. Circuit should not apply this interpretation. Read why here"},"aioseo_meta_data":{"post_id":"1047","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2024-11-01 17:51:10","updated":"2025-10-11 03:26:58","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/bdia.pli.edu\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/\" title=\"Compliance\">Compliance<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tStrict Liability Has No Place In \u2018Should Have Known\u2019 Case\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/bdia.pli.edu"},{"label":"Compliance","link":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/"},{"label":"Strict Liability Has No Place In &#8216;Should Have Known&#8217; Case","link":"https:\/\/bdia.pli.edu\/index.php\/2020\/06\/11\/strict-liability-has-no-place-in-should-have-known-case\/"}],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1047"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1047\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}