Securities Law Prof Blog

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

Wednesday, November 10, 2021

New Securities Law Articles in Print

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

Ido Baum & Dov Solomon, When Should You Abstain? A Call for a Global Rule of Insider Trading, 88 U. Cin. L. Rev. 67 (2019).

Max Birmingham, Whistle While You Work: Interpreting Retaliation Remedies Available to Whistleblowers in the Dodd-Frank Act, 13 Fla. A & M U. L. Rev. 1 (2017).

Paul Brest, Ronald J. Gilson & Mark A. Wolfson, How Investors Can (and Can't) Create Social Value, 44 J. Corp. L. 205 (2019).

Elizabeth F. Brown & Edward F. Buckley, A Preliminary Look at State Structures for Regulating Financial Services, 87 U. Cin. L. Rev. 891 (2019).

Deborah A. DeMott, Whistleblowers: Implications for Corporate Governance, 98 Wash. U. L. Rev. 1645 (2021).

Joseph A. Franco, Commoditized Governance: The Curious Case of Investment Company Shared Series Trusts, 44 J. Corp. L. 233 (2019).

Virginia Harper Ho, Disclosure Overload? Lessons for Risk Disclosure & ESG Reporting Reform from the Regulation S-K Concept Release, 65 Vill. L. Rev. 67 (2020).

Colleen Honigsberg, Shivaram Rajgopal & Suraj Srinivasan, The Changing Landscape of Auditors' Liability, 63 J.L. & Econ. 367 (2020).

Hadar Jabotinsky & Mathias Siems, How to Regulate the Regulators: Applying Principles of Good Corporate Governance to Financial Regulatory Authorities,
44 J. Corp. L. 351 (2019).

Lynnise E. Phillips Pantin, Race and Equity in the Age of Unicorns, 72 Hastings L.J. 1453 (2021).

Edward Rivin, Note, Section 14(e)'s Culpability Requirement: Scienter v. Negligence, 88 U. Cin. L. Rev. 289 (2019).

Amanda M. Rose, A Response to Calls for SEC-Mandated ESG Disclosure, 98 Wash. U. L. Rev. 1821 (2021).

Nitzan Shilon, Stock Buyback Ability to Enhance CEO Compensation: Theory, Evidence, and Policy Implications, 25 Lewis & Clark L. Rev. 303 (2021).

Chang-Hsien Tsai, To Regulate or Not to Regulate? A Comparison of Government Responses to Peer-to-Peer Lending among the United States, China, and Taiwan, 87 U. Cin. L. Rev. 1077 (2019).

November 10, 2021 | Permalink | Comments (0)

Monday, October 25, 2021

New Securities Law Articles in Print

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

Yuliya Guseva, A Conceptual Framework for Digital-Asset Securities: Tokens and Coins as Debt and Equity, 80 Md. L. Rev. 166 (2020).

Emma Liggett, Note, Transforming Broker Discretion into Senior Executive Accountability, 89 Geo. Wash. L. Rev. 1016 (2021).

Kara M. Stein, Investor Protection in the Digital Age, 85 Brook. L. Rev. 631 (2020).

James L. Tatum III, Detroit's Bankruptcy and Market Reentry, 37 Emory Bankr. Dev. J. 65 (2020).

October 25, 2021 | Permalink | Comments (0)

Monday, October 18, 2021

New Securities Law Articles in Print

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

Gina-Gail S. Fletcher, Macroeconomic Consequences of Market Manipulation, 83 Law & Contemp. Probs. 123 (2020).

Erik F. Gerding, Against Regulatory Stimulus, 83 Law & Contemp. Probs. 49 (2020).

October 18, 2021 | Permalink | Comments (0)

Tuesday, October 12, 2021

New Securities Law Articles in Print

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

Neal H. Brockmeyer, Regulation of Securities Offerings in California: Is It Time for a Change after a Century of Merit Regulation?, 54 Loy. L. A. L. Rev. 1 (2020).

David C. Donald, From Block Lords to Blockchain: How Securities Dealers Make Markets, 44 J. Corp. L. 29 (2018).

Brett McDonnell, Hari M. Osofsky, Jacqueline Peel & Anita Foerster, Green Boardrooms?, 53 Conn. L. Rev. 335 (2021).

David Rosenfeld, The Impact of insider Trading on the Market Price of Securities: Some Evidence from Recent Cases of Unlawful Trading, 44 J. Corp. L. 65 (2018).

October 12, 2021 | Permalink | Comments (0)

Monday, October 4, 2021

New Securities Law Articles in Print

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

Nathan Campbell, Note, The Duty to Update Corporate Emissions Pledges, 74 Vand. L. Rev. 1137 (2021).

Christina M. Claxton, Note, Private Offerings in the Age of Surveillance Capitalism and Targeted Advertising, 74 Vand. L. Rev. 1187 (2021).

October 4, 2021 | Permalink | Comments (0)

Monday, September 27, 2021

New Securities Law Articles in Print

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

Sophia Duffy & Steve Parrish, You Say Fiduciary, I Say Binary: A Review and Recommendation of Robo-Advisors and the Fiduciary and Best Interest Standards, 17 Hastings Bus. L.J. 3 (2021).

Paul Ferrillo, To over Disclose or Not: That Is the Question with Cybersecurity, 20 Fla. St. U. Bus. Rev. 79 (2021).

William Montemarano, Note, Alternative Data and Insider Trading: Are Investment Managers Asleep at the Wheel on Big Data Use?, 15 Brook. J. Corp. Fin. & Com. L. 263 (2020).

Heath P. Tarbert & Daniel J. Grimm, The CFTC's Swap Data Overhaul, 20 Fla. St. U. Bus. Rev. 1 (2021).

C. Paul Wazzan, Joseph K. Tanimura & George Derpanopoulos, The Use of Blue Sheet Data in Insider Trading Actions: A Case Study, 20 Fla. St. U. Bus. Rev. 97 (2021).

September 27, 2021 | Permalink | Comments (0)

Monday, September 20, 2021

New Securities Law Articles in Print

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

Alon Brav, Dorothy Lund & Edward Rock, Validation Capital, 99 Tex. L. Rev. 1247 (2021).

Patrick M. Corrigan, Footloose with Green Shoes: Can Underwriters Profit from IPO Underpricing?, 38 Yale J. on Reg. 908 (2021).

James D. Cox & Randall S. Thomas, A Revised Monitoring Model Confronts Today's Movement toward Managerialism, 99 Tex. L. Rev. 1275 (2021).

Carol R. Goforth, Using Cybersecurity Failures to Critique the SEC's Approach to Crypto Regulation, 65 S.D. L. Rev. 433 (2020).

Parth Kalaria, Note, Rated P for Public: Learning from Dodd-Frank and Credit Rating Agencies to Propose a Public Cryptocurrency Rating Provider in the United States, 2020 Colum. Bus. L. Rev. 656 (2020).

Mike Koehler, Foreign Corrupt Practices Act Enforcement and Related Developments, 89 Miss. L.J. 227 (2020).

Yoon-Ho Alex Lee, Incorporating Market Reactions into Agency Rulemaking, 54 Wake Forest L. Rev. 1361 (2019).

Zachary J. Lustbader, Note, Title 18 Insider Trading, 130 Yale L. J. 1828 (2021).

Mariel Mok, Note, Who Determines Customer Property, 2020 Colum. Bus. L. Rev. 686 (2020).

Paolo Saguato, The Unfinished Business of Regulating Clearinghouses, 2020 Colum. Bus. L. Rev. 449 (2020).

Margaret Stratton, Note, Open the Floodgates: Ninth Circuit's Decision in Varjabedian Departs from Precedent and Gives Shareholders Free Reign, 53 Suffolk U. L. Rev. 91 (2020).

Cynthia A. Williams & Donna M. Nagy, ESG and Climate Change Blind Spots: Turning the Corner on SEC Disclosure, 99 Tex. L. Rev. 1453 (2021).

September 20, 2021 | Permalink | Comments (0)

Wednesday, September 8, 2021

New Securities Law Articles in Print

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

Camilo Godoy, Comment, The Path to Culpability under Section 14(e) of the Securities Exchange Act of 1934, 57 Hous. L. Rev. 859 (2020).

Kristin N. Johnson, Decentralized Finance: Regulating Cryptocurrency Exchanges, 62 Wm. & Mary L. Rev. 1911 (2021).

Scott W. Maughan, Comment, Utility Token Offerings: Can a Security Transform into a Non-Security?, 2019 BYU L. Rev. 1113 (2019).

September 8, 2021 | Permalink | Comments (0)

Saturday, September 4, 2021

New Securities Law Articles in Print

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

Virginia Harper Ho &  Stephen Kim Park, ESG Disclosure in Comparative Perspective: Optimizing Private Ordering in Public Reporting, 41 U. Pa. J. Int'l L. 249 (2019).

Matthew C. Turk & Karen E. Woody, Recent Developments: Justice Kavanaugh, Lorenzo v. SEC, and the Post-Kennedy Supreme Court, 71 Admin. L. Rev. 193 (2019).

September 4, 2021 | Permalink | Comments (0)

Wednesday, August 25, 2021

New Securities Law Articles in Print

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

Zachary Barker, Note, Socially Accountable Investing: Applying Gartenberg v. Merrill Lynch Asset Management's Fiduciary Standard to Socially Responsible Investment Funds, 53 Colum. J.L. & Soc. Probs. 283 (2020).

Charles W. Mooney Jr., Beyond Intermediation: A New (Fintech) Model for Securities Holding Infrastructures, 22 U. Pa. J. Bus. L. 386 (2020).

Bernard S. Sharfman, Enhancing the Value of Shareholder Voting Recommendations, 86 Tenn. L. Rev. 691 (2019).

Joel Slawotsky, Financial Stability and National Security in an Era of Hegemonic Rivalry: The Need to Tighten United States Securities Disclosure Requirements
22 U. Pa. J. Bus. L. 457 (2020).

Deirdre Weiss, Enforcement of the Foreign Corrupt Practices Act against Foreign Issuers: Helping or Hindering the Global Anti-Bribery and Anti-Corruption Movement?, 20 J. Int'l Bus. & L. 1 (2020).

David A. Wishnick, Reengineering Financial Market Infrastructure, 105 Minn. L. Rev. 2379 (2021).

Yesha Yadav, The Failed Regulation of U.S. Treasury Markets, 121 Colum. L. Rev. 1173 (2021).

Aiste Zalepuga, Note, Updating the Federal Agency Enforcement Playbook, 96 Notre Dame L. Rev. 2083 (2021).

August 25, 2021 | Permalink | Comments (0)

Thursday, August 12, 2021

Event Announcement: Business Roundtable v. Milton Friedman: Reflections on the Second Anniversary of “Redefining” the Purpose of the Corporation

The Law & Economics Center (LEC) at George Mason University Antonin Scalia Law School has asked me to post the following invitation:

Business Roundtable v. Milton Friedman: Reflections on the Second Anniversary of “Redefining” the Purpose of the Corporation

Date: Wednesday, August 18, 2021 

Time: 11:45 AM - 1:00 PM 

Where: National Press Club, 529 14th St, NW, Washington, DC, 20045

Almost 51 years ago, on September 13, 1970, Milton Friedman published an essay in The New York Times with a title that captured his thesis that “The Social Responsibility Of Business Is to Increase Its Profits.” This shareholder value maximization metric for evaluating the legal and financial fiduciary duties of corporate officers has served as the dominant paradigm for defining the purpose of the corporation both before and certainly for the fifty years after publication of Friedman’s influential essay. Yet, on August 19, 2019 – now nearly two years ago – the powerful Business Roundtable attempted to effect a dramatic shift away from the purpose of the corporation being defined by the single metric of shareholder wealth maximization. It released what it called a “new Statement on the Purpose of a Corporation signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders." This move was received with both applause and condemnation, each of which continue two years later. 

Join us for a luncheon discussion where a panel of corporate governance experts will evaluate the economic and legal arguments involved in the debate over the proper purpose of the corporation and reflect on the state of the debate two years after the Business Roundtable’s attempt to erase the Friedman doctrine and redefine corporate purpose.

Lisa Fairfax

Presidential Professor and Co-Director, Institute for Law and Economics

University of Pennsylvania Carey Law School

Donald J. Kochan

Professor of Law and Deputy Executive Director, Law & Economics Center

George Mason University Scalia Law School

Robert T. Miller

F. Arnold Daum Chair in Corporate Finance and Law

University of Iowa College of Law

Roberto Tallarita

Lecturer on Law and Associate Director of the Program on Corporate Governance

Harvard Law School

 

Moderator

 

The Honorable David J. Porter

Circuit Judge

U.S. Court of Appeals for the Third Circuit

 

Welcome Remarks

 

Ken Randall

Allison and Dorothy Rouse Dean and George Mason University Foundation Professor of Law

George Mason University Scalia Law School

Register Here

 

For questions, please contact Kaylie Wray: kwray2@gmu.edu | 703.993.9044

August 12, 2021 | Permalink | Comments (0)

Tuesday, August 10, 2021

New Securities Law Articles in Print

The following law review article relating to securities regulation is now available in paper format:

Thomas Lee Hazen, Corporate and Securities Law Impact on Social Responsibility and Corporate Purpose, 62 B.C. L. Rev. 851 (2021).

August 10, 2021 | Permalink | Comments (0)

Monday, August 2, 2021

New Securities Law Articles in Print

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

Joel E. Davidson, Has the SEC Permitted the Securities Markets to Become but Another Form of Sports Betting?, 44 Nova L. Rev. 143 (2020).

Steven McNamara, Morrison v. National Australia Bank and the Growth of the Global Securities Class Action under the Dutch WCAM, 68 Buff. L. Rev. 479 (2020).

August 2, 2021 | Permalink | Comments (0)

Monday, July 19, 2021

New Securities Law Articles in Print

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

Eitan Arom, Hidden Value Injury, 121 Colum. L. Rev. 937 (2021).

Colleen M. Baker, The Federal Reserve as Collateral's Last Resort, 96 Notre Dame L. Rev. 1381 (2021).

Ido Baum & Dov Solomon, More JoMo less FoMo: The Case for Voluntary Disclosure of Uncertain Information in Securities Regulation, 14 Va. L. & Bus. Rev. 171 (2020).

Colin Bradshaw, Credit Rating Agencies: Regulation and Liability, 24 Lewis & Clark L. Rev. 1489 (2020).

Stephen J. Choi, Jessica Erickson & A. C. Pritchard, Working Hard or Making Work? Plaintiffs' Attorney Fees in Securities Fraud Class Actions, 17 J. Empirical Legal Stud. 438 (2020).

Blake W. Delaplane, Red, Yellow, or Green Light?: Assessing the Past, Present, and Future Implications of the Accredited Investor Definition in Exempt Securities Offerings, 14 Va. L. & Bus. Rev. 329 (2020).

Martin Gelter & Aurelio Gurrea-Martinez, Addressing the Auditor Independence Puzzle: Regulatory Models and Proposal for Reform, 53 Vand. J. Transnat'l L. 787 (2020).

July 19, 2021 | Permalink | Comments (0)

Wednesday, July 14, 2021

New Securities Law Articles in Print

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

Richard E. Brodsky, Securities Exchange Act Section 4E(a): Toothless "Internal-Timing Directive" or Statute of Limitation?, 11 Wm. & Mary Bus. L. Rev. 323 (2020).

Michael Cappucci, The Proxy War against Proxy Advisors, 16 N.Y.U. J.L. & Bus. 579 (2020).

Chandler Farnworth, Comment, Do Shareholders Have the Power? Climate Change as a Material Risk, 34 Tul. Envtl. L.J. 149 (2021).

Gina-Gail S. Fletcher, Deterring Algorithmic Manipulation, 74 Vand. L. Rev. 259 (2021).

Emily Gruener, Note, United States v. Blaszczak: Laying the Groundwork for a New Approach to Prosecuting Insider Trading, 32 Stan. L. & Pol'y Rev. 179 (2021).

J. B. Heaton, Kill Cammer: Securities Litigation without Junk Science, 11 Wm. & Mary Bus. L. Rev. 417 (2020).

Charles R. Korsmo, Information Bundling, Disclosure Timing, and Judicial Deference to Market Valuations, 62 B.C. L. Rev. 571 (2021).

Colin Myers, Note, Financing Our Future's Health: Why the United States Must Establish Mandatory Climate-Related Financial Disclosure Requirements Aligned with the TCFD Recommendations, 37 Pace Envtl. L. Rev. 415 (2020).

Alexander I. Platt, Is Administrative Summary Judgment Unlawful?, 44 Harv. J. L. & Pub. Pol'y 239 (2021).

July 14, 2021 | Permalink | Comments (0)

New Securities Law Articles in Print

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

Carlos Berdejo, Financing Minority Entrepreneurship, 2021 Wis. L. Rev. 41 (2021).

Anna Gelpern, Mitu Gulati & Jeromin Zettelmeyer, If Boilerplate Could Talk: The Work of Standard Terms in Sovereign Bond Contracts,44 Law & Soc. Inquiry 617 (2019).

Paul E. McGreal, Survey—Corporate Compliance Survey, 76 Bus. Law. 561 (2021).

Mark J. Roe & Federico Cenzi Venezze, Will Loyalty Shares Do Much for Corporate Short-Termism?, 76 Bus. Law. 467 (2021).

July 14, 2021 | Permalink | Comments (0)

Wednesday, June 30, 2021

New Securities Law Articles in Print

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

Mercer Bullard, Crowdfunding's Culture of Noncompliance: An Empirical Analysis, 24 Lewis & Clark L. Rev. 899 (2020).

Cary Coglianese & Daniel E. Walters, Whither the Regulatory "War on Coal"? Scapegoats, Saviors, and Stock Market Reactions, 47 Ecology L.Q. 1 (2020).

Thomas Davis, Note, "You Have to Understand": The Saga of Longfin Corp. Reveals the Danger of Trading Halts Imposed by Self-Regulating Exchanges, 72 Hastings L.J. 687 (2021).

Eleanor B. Eastham, Note, Morrison and Cryptocurrencies: Is It Time to Revisit the Extraterritorial Application of Rule 10b-5?, 48 Ga. J. Int'l & Comp. L. 563 (2020).

John L. Orcutt, Valuing Young Startups Is Unavoidably Difficult: Using (and Misusing) Deferred-Equity Instruments for Seed Investing, 55 Tulsa L. Rev. 469 (2020).

James J. Park & Howard H. Park, Regulation by Selective Enforcement: The SEC and Initial Coin Offerings, 61 Wash. U. J. L. & Pol'y 99 (2020).

Usha R. Rodrigues, Embrace the SEC, 61 Wash. U. J. L. & Pol'y 133 (2020).

Andrew A. Schwartz, Crowdfunding Issuers in the United States, 61 Wash. U. J. L. & Pol'y 155 (2020).

Andrew Verstein, Mixed Motives Insider Trading, 106 Iowa L. Rev. 1253 (2021).

June 30, 2021 | Permalink | Comments (0)

Sunday, June 13, 2021

New Securities Law Articles in Print

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

Robert P. Bartlett III & Justin McCrary, Subsidizing Liquidity with Wider Ticks: Evidence from the Tick Size Pilot Study, 17 J. Empirical Legal Stud. 262 (2020).

Stephanie Bornstein, Disclosing Discrimination, 101 B.U. L. Rev. 287 (2021).

Mark A. Lemley & Andrew McCreary, Exit Strategy, 101 B.U. L. Rev. 1 (2021).

Moran Ofir & Ido Sadeh, ICO vs. IPO: Empirical Findings, Information Asymmetry, and the Appropriate Regulatory Framework, 53 Vand. J. Transnat'l L. 525 (2020).

June 13, 2021 | Permalink | Comments (0)

Thursday, May 27, 2021

New Securities Law Articles in Print

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

Caleb N. Griffin, We Three Kings: Disintermediating Voting at the Index Fund Giants, 79 Md. L. Rev. 954 (2020).

Marco Dell'Erba, From Inactivity to Full Enforcement: The Implementation of the "Do No Harm" Approach in Initial Coin Offerings, 26 Mich. Tech. L. Rev. 175 (2020).

Brian T. Fitzpatrick & Randall S. Thomas, The Indian Securities Fraud Class Action: Is Class Arbitration the Answer?, 40 Nw. J. Int'l L. & Bus. 203 (2020).

James J. Park, Do the Securities Laws Promote Short-Termism?, 10 UC Irvine L. Rev. 991 (2020).

May 27, 2021 | Permalink | Comments (0)

Sunday, May 9, 2021

New Securities Law Articles in Print

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

Miriam R. Albert & J. Scott Colesanti, Cryptocurrency Meets Bankruptcy Law: A Call for Creditor Status for Investors in Initial Coin Offerings, 36 Ga. St. U. L. Rev. 233 (2020).

Michal Barzuza, Quinn Curtis & David H. Webber, Shareholder Value(s): Index Fund ESG Activism and the New Millennial Corporate Governance, 93 S. Cal. L. Rev. 1243 (2020).

Joshua Mitts, Short and Distort, 49 J. Legal Stud. 287 (2020).

May 9, 2021 | Permalink | Comments (0)