Description
Book SynopsisThis book examines the expanding reach of the securities market in the US financial system. It analyzes key elements such as the rise of technology, the role of hedge funds, and the bloated agency system, and argues that the current structure is doomed to fail. It suggests a new structure capable of withstanding the challenges of modern markets.
Trade ReviewIn When the Levees Break: Re-Visioning Securities Markets Regulation, Jena Martin and Karen Kunz throw (respectful) shade upon Supreme Court Justice Louis Brandeis' famous declaration that 'sunlight is the best disinfectant' when it comes to securities regulation in the United States. Martin and Kunz make clear that sunlight (or disclosure) is no longer the best disinfectant when it comes to securities fraud as our securities laws have fallen woefully behind the technological advances that have dramatically changed modern securities trading. This exciting and important new book challenges convention and offers an innovative way forward that re-imagines our staid and ineffective securities laws proposing a radical new regulatory regime. -- andré douglas pond cummings, Indiana Tech Law School
Table of ContentsChapter 1: Watching The Waves Roll In Chapter 2: Trying to Evaporate Water with Sunshine: Moving Beyond Disclosure Chapter 3: Plugging The Leaks Chapter 4: Variations on a Theme Chapter 5: Securities as Products (A Toaster by Any Other Name) Chapter 6: Whole Market Regulation Chapter 7: A Regulatory Triad Chapter 8: Oh Captain, My Captain! The New Model from The Corporate Perspective Chapter 9: Building A New Levee
