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 "text": "Enforcement of the IAA's prohibited transactions provision is limited because the Supreme Court in Transamerica Mortgage Advisors, Inc. v. Lewis held that a violation of that provision does not support an implied private right of action.",
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  "name": "Wulf A. Kaal",
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 "citation": "Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268",
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 "abstract": "The enforcement of a violation of prohibited transactions under the IAA is limited. In Transamerica Mortgage Advisors, Inc. v. Lewis107 the Supreme Court determined that a violation of the IAA's prohibited transactions provision108 does not allow for implied private rights of action.",
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