Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, September 2, 2019

Dolgopolov on Market Manipulation

Stanislav Dolgopolov has posted The Doctrinal Quandary of Manipulative Practices in Securities Markets: Artificial Pricing, Price Discovery, and Liquidity Provision on SSRN with the following abstract:

This Article sketches a frame of analysis for the doctrinal quandary of manipulative practices in securities markets, drawing on the historical origins of the concept of market manipulation and the realities of the modern electronic marketplace. The essence of market manipulation is maintained to be in artificial pricing based on market activity, as opposed to other indicia of “artificiality,” and this definitional approach is compared and contrasted to the process of price discovery and liquidity provision. The Article addresses several key themes relevant for today’s securities markets, such as the phenomenon of exploratory trading, market making and the role played by market makers, the doctrine of open market manipulation, spoofing / layering and disruptive trading, and the implications of the market structure crisis.

September 2, 2019 | Permalink | Comments (0)

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Stewart L. Brown, Mutual Fund Advisory Fees: An Objective Fiduciary Standard, 21 U. Pa. J. Bus. L. 477 (2019).

Daniel P. Guernsey Jr., Note, Requiring Broker-Dealers to Disclose Conflicts of Interest: A Solution Protecting and Empowering Investors, 73 U. Miami L. Rev. 1029 (2019).

Robert T. Miller, Rule 10b-5 and Business Combination Transactions, 21 U. Pa. J. Bus. L. 533 (2019).

Benjamin J. Nickerson, Comment, The Underlying Underwriter: An Analysis of the Spotify Direct Listing, 86 U. Chi. L. Rev. 985 (2019).

Spencer J. Nord, Student Article, Blockchain Plumbing: A Potential Solution for Shareholder Voting, 21 U. Pa. J. Bus. L. 706 (2019).

Hari M. Osofsky, et al., Energy Re-Investment, 94 Ind. L.J. 595 (2019).

Ryan W. Sypniewski, Comment, The Truth Hurts: Applying the Criminal Provisions of Federal Securities Fraud Regulation to Exxon's Concealment of Climate Change Concerns, 28 Widener Commw. L. Rev. 223 (2019).

Ethan Yale, Mutual Fund Tax Overhang, 38 Va. Tax Rev. 397 (2019).

Symposium: Blockchain and the Law, Articles by Deborah Ginsberg, Thomas Lee Hazen & Omri Marian, 20 N.C. J.L. & Tech. 471 (2019).

September 2, 2019 | Permalink | Comments (0)