This Paper analyzes the enhanced responsibilities and liability concerns that corporate/securities attorneys have in the post-Enron era. State ethical rules, SEC pronouncements, and court decisions are addressed. The ramifications of the Sarbanes-Oxley Act with respect to its impact on legal counsel also are explored. The Paper also provides insight focusing on the business attorney's role as counselor and gatekeeper when faced with the prospect of client fraud.
Steinberg, Marc I., The Corporate/Securities Attorney as a 'Moving Target' - Client Fraud Dilemmas. SMU Dedman School of Law Legal Studies Research Paper No. 2.