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TOUCHE ROSS & CO. v. REDINGTON

No. 78-309.

442 U.S. 560 (1979)

99 S.Ct. 2479

61 L.Ed.2d 82

TOUCHE ROSS & CO. v. REDINGTON, TRUSTEE, ET AL.

Supreme Court of United States.

Decided June 18, 1979.

Attorney(s) appearing for the Case

Arnold I. Roth argued the cause for petitioner. With him on the briefs were Arthur S. Linker and Barry S. Berger.

Philip R. Forlenza argued the cause for respondent Securities Investor Protection Corp. With him on the brief were Wilfred R. Caron and Rafael Pastor. James B. Kobak, Jr., argued the cause for respondent Redington. With him on the brief was John W. Schwartz.*

MR. JUSTICE REHNQUIST delivered the opinion of the Court.

Once again, we are called upon to decide whether a private remedy is implicit in a statute not expressly providing one. During this Term alone, we have been asked to undertake this task no fewer than five times in cases in which we have granted certiorari.1 Here we decide whether customers of securities brokerage firms that are required to file certain financial reports with regulatory...

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