Securities Law Prof Blog

New Securities Law Articles in Print

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

Bradley J. Bondi & Michael D. Wheatley, The Law of Insider Trading: Legal Theories, Common Defenses, and Best Practices for Ensuring Compliance, 19 N.Y.U. J.L. & Bus. 339 (2023).

Leonard Leye Li, Gary S. Monroe & Jeff Coulton, Managerial Litigation Risk and Corporate Investment Efficiency: Evidence from Universal Demand Laws, 20 J. Empirical Legal Stud. 196 (2023).

Sydney G. Rusovich, Casenote, Jarkesy v. SEC: The U.S. Fifth Circuit's Crucial Challenge to Administrative Agency Adjudicative Authority, 69 Loy. L. Rev. 577 (2023).

New Securities Law Articles in Print

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

Hilary J. Allen, DeFi: Shadow Banking 2.0?, 64 Wm. & Mary L. Rev. 919 (2023).

Cary Coglianese, Solving the Congressional Review Act's Conundrum, 75 Admin. L. Rev. 79 (2023).

John Rand Dorney, Note, Taking Stock of Startup Stock Options: Addressing Disclosure and Liquidity Concerns of Startup Employees, 76 Vand. L. Rev. 609 (2023).

Michael M. Epstein, Regulating Fraud on the Marketplace of Ideas: Federal Securities Law as a Model for Constitutionally Permissible Social Media Regulation, 46 Seattle U. L. Rev. 39 (2022).

Adam J. Gana & Daniel DePasquale, Broker-Dealer Responsibilities for Supervising the Outside Investment Advisory Services of Dually Registered Brokers, 22 U.C. Davis Bus. L.J. 231 (2022).

Hadar Y. Jabotinsky & Roee Sarel, How Crisis Affects Crypto: Coronavirus as a Test Case, 74 Hastings L.J. 433 (2023).

Alexandra Qingning Li, Note, The Unreasonableness of Reasonable: Rethinking the Reasonable Investor Standard, 117 Nw. U. L. Rev. 1707 (2023).

Nizan Geslevich Packin, Financial Inclusion Gone Wrong: Securities and Cryptoassets Trading for Children, 74 Hastings L.J. 349 (2023).

James J. Park, Shareholder Wealth Maximization and Securities Fraud, 72 DePaul L. Rev. 395 (2023).

Jack Ruello, Comment, Insurgent Intentions: Are Retail Investors on Social Media Subject to Federal Market Manipulation Laws?, 83 La. L. Rev. 1017 (2023).

Allison N. Swecker, Note, To SPAC or Not to SPAC: Liberalizing the Regulation of Capital Markets, 56 Vand. J. Transnat'l L. 579 (2023).

Lawrence J. Trautman & Neal F. Newman, The Environmental, Social, Governance (ESG) Debate Emerges from the Soil of Climate Denial, 53 U. Mem. L. Rev. 67 (2022).

Archie L. Wilson Jr., Note, Not Our Cup of Tea: Why the SEC Must Regulate SPACs Differently than the United Kingdom, 51 Ga. J. Int'l & Comp. L. 555 (2023).

New Securities Law Articles in Print

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

Eyolf Aaro, Don't Let the Green Grass Fool You: Green Contingent Convertible Bonds and Their Role in the Pursuit of a Sustainable Economy, 19 Hastings Bus. L.J. 31 (2023).

Matt Advani, Note, Tax Rules! The Deductibility of Disgorgement Payments under Section 162(f), 2023 U. Ill. L. Rev. 609 (2023).

Natalie Ballesteros, Note, The Case for Cryptocurrency Firms' Implementation of Voluntary Climate-Related Financial Disclosure Frameworks, 42 Rev. Banking & Fin. L. 469 (2022).

Carol R. Goforth, Critiquing the SEC's Ongoing Efforts to Regulate Crypto Exchanges, 14 Wm. & Mary Bus. L. Rev. 305 (2023).

Howell E. Jackson & Jeffrey Y. Zhang, The Law and Economics of Soft Dollars: A Review of the Literature and Evidence from MiFID II, 42 Rev. Banking & Fin. L. 301 (2022).

New Securities Law Articles in Print

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

Benjamin Augugliaro, Note, Regulatory Outlook for Derivatives Based on Sports Outcomes, 17 Brook. J. Corp. Fin. & Com. L. 121 (2022).

John C. Coates, SPAC Law and Myths, 78 Bus. Law. 371 (2023).

Wendy Gerwick Couture, Top Ten Issues in De-SPAC Securities Litigation, 45 UALR L. Rev. 201 (2022).

Charles T. Doyle, Note, The Name Is Bond, Corporate Bond: Remedies for Breach of Bond Indentures after the Alarming Cash America Ruling, 108 Iowa L. Rev. 1403 (2023).

Brian Elzweig & Lawrence J. Trautman, When Does a Non-Fungible Token (NFT) Become a Security?, 39 Ga. St. U. L. Rev. 295 (2023).

Darian M. Ibrahim, A Tokenized Future: Regulatory Lessons from Crowdfunding and Standard Form Contracts, 74 Hastings L.J. 45 (2022).

Christian A. Johnson, Financial Innovation and Unforeseen Consequences: SPACs, SEC Lending, and Shorts, 45 UALR L. Rev. 177 (2022).

Roberta S. Karmel, Failed Efforts at Harmonization of Securities Regulation, 17 Brook. J. Corp. Fin. & Com. L. 87 (2022).

Justin Kuehn, SPAC Attack, 45 UALR L. Rev. 217 (2022).

E Ramey Layne & K. Stancell Haigwood, SPAC Regulation:  Past, Present and Future, 45 UALR L. Rev. 233 (2022).

Elad Michael, Note, The Need for Mediation in Internal Whistleblowing Mechanisms, 24 Cardozo J. Conflict Resol. 227 (2022).

Lindsay Sain Jones & Tim R. Samples, On the Systemic Importance of Digital Platforms, 25 U. Pa. J. Bus. L. 141 (2023).

New Securities Law Articles in Print

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

Paul K. Drexler, Note, Token Wars: How the SEC Can Learn to Embrace Utility Tokens, 72 Duke L.J. 1123 (2023).

Nicholas Whitten, Note, Deceiving the Young to Give to Themselves: Eliminating Payment for Order Flow to Ensure Loyal Agents, 64 B.C. L. Rev. 701 (2023).

New Securities Law Articles in Print

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

Carson S. Clear, Comment, Saving SPACs from the SEC's Potentially Ruinous Overreach, 72 Emory L.J. 1017 (2023).

Andrew J. Czerkawski, Note, The Impact of Forum Selection Bylaws on Securities Exchange Act Section 14(a) Shareholder Derivative Suits, 47 Del. J. Corp. L. 273 (2023).

Raffaele Felicetti, Institutional Investors' Non-Financial Reporting: Should the EU Regulatory Framework Be Updated?, 29 Colum. J. Eur. L. 83 (2023).

DeJuawn Griffin, Comment, Mining the NFT Goldrush; A Prospective Guide to Drafting NFT Contracts, 74 Mercer L. Rev. 693 (2023).

Anita K. Krug, Constraining Corporate Law Principles in Affiliate World, 72 Emory L.J. 855 (2023).

New Securities Law Articles in Print

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

Kelly Breslauer, Note, Wall Street's Enormous Net: How Scaling Back Statutory Disqualifications Would Better Harmonize Statutes and Practices with the Times, 38 Hofstra Lab. & Emp. L. J. 357 (2021).

Benjamin J. Catalano, Someone Should Have Done Something! A Critical Examination of Liability for Failure to Supervise under Federal Securities Laws, 78 Bus. Law. 81 (2023).

Merritt B. Fox & Joshua Mitts, Event-Driven Suits and the Rethinking of Securities Litigation,78 Bus. Law. 1 (2023).

Gordon Goodman, The Ethics of Cryptocurrency, 18 Hastings Bus. L.J. 175 (2022).

Sasha Hondagneu-Messner, The Securities and Exchange Commission's Increased Focus on Cybersecurity, 78 Bus. Law. 271 (2023).

Aneil Kovvali, Stakeholderism Silo Busting, 90 U. Chi. L. Rev. 203 (2023).

Adam J. Levitin, Not Your Keys, Not Your Coins: Unpriced Credit Risk in Cryptocurrency, 101 Tex. L. Rev. 877 (2023).

Taylor Anne Moffett, Comment, CFTC & SEC: The Wild West of Cryptocurrency Regulation, 57 U. Rich. L. Rev. 713 (2023).

Allen C. Page, Private Inequity: Reform Rule 506 to Safely Accommodate Investment by Nonaccredited Investors, 14 Wm. & Mary Bus. L. Rev. 63 (2022).

Menesh S. Patel, Fraud on the Crypto Market, 36 Harv. J. L. & Tech. 171 (2022).

Benjamin E. Rosenberg, The Abrogation of Corporate Privilege in Cases against Employees, 71 U. Kan. L. Rev. 417 (2023).

Rachel E. Sereix, Note, Mind the Gap: A Comparative Approach for Fixing Volcker, Learning from Liikanen, and Using Vickers to Repair the US Banking System, 17 Duke J. Const. L. & Pub. Pol'y 143 (2022).

Christian Smith-Bishop, Comment, A Ripple-Turned-Tidal Wave: SEC v. Ripple Labs as an Inflection Point in the Regulatory Approach to Innovation in Complex Systems, 44 Campbell L. Rev. 335 (2022).

Giovanni Strampelli, Private Meetings between Firm Managers and outside Investors: The European Paradigm, 18 Hastings Bus. L.J. 237 (2022).

Ryan Thomas, Comment, Fastball down the Middle --"How Major League Baseball's Players Association Can Hit a Home Run by Implementing Its Own Human Equity Fund, 29 Jeffrey S. Moorad Sports L. J. 475 (2022).

New Securities Law Article in Print

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

Zev G. Beeber, Democratizing Opportunities to "Invest in What You Know": A Proposal to Expand Access to Exempt Offerings for Intra-Industry Experts, 22 U.C. Davis Bus. L.J. 1 (2021).

New Securities Law Articles in Print

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

Sofia Aizenman, Note, The Art World of Digital Assets: How Non-Fungible Tokens Create a Loophole in Anti-Money Laundering Regulations, 44 Cardozo L. Rev. 1179 (2023).

Thomas M. Madden, Section 10(b) and the Fiduciary Conundrum, 18 Hastings Bus. L.J. 29 (2021).

Gregory Makoff & W. Mark C. Weidemaier, Mass Sovereign Debt Litigation: A Computer-Assisted Analysis of the Argentina Bond Litigation in the U.S. Federal Courts 2002–2016, 56 UC Davis L. Rev. 1233 (2023).

Joel Seligman, Payment for Order Flow and the Great Missed Opportunity, 18 Hastings Bus. L.J. 3 (2021).

New Securities Law Articles in Print

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

Eric Guenther, Comment, The Absurd Pandemonium Surrounding SPACs: An Argument in Favor of Legislative and Judicial Restraint, 72 DePaul L. Rev. 83 (2022).

Randy L. Koonce, Note, Into the Shadows: A Rule for the Prevention of Shadow Trading, 47 S. Ill. U. L.J. 191 (2022).

Yue Li, Note, Variable Interest Entity Risks and Governance, 48 J. Corp. L. 147 (2022).

Joshua H. Plastrik, Note, Who Bears the Burden: Assessing the Likelihood of Foreign Recognition of a U.S. Class Action Judgment, 61 Colum. J. Transnat'l L. 171 (2023).

Nolan Schloneger, Note, A Case for Regulating Gamified Investing, 56 Ind. L. Rev. 175 (2022).

Marc I. Steinberg, To Call a Donkey a Racehorse—The Fiduciary Duty Misnomer in Corporate and Securities Law, 48 J. Corp. L. 1 (2022).

New Securities Law Articles in Print

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

Pangyue Cheng, Institutional Investors in China: Problems and Prospects, 2022 Colum. Bus. L. Rev. 664 (2022).

Jennifer S. Fan, Nontraditional Investors, 48 BYU L. Rev. 463 (2022).

Alex Forehand, Comment, Coin Rush in the Virtual Wild West: The SEC as the New Sheriff in Town, 53 Seton Hall L. Rev. 387 (2022).

Neal Kapoor, Note, Direct Listings and the Tracing Doctrine: Why Congress or the SEC Must Intervene, 2022 Colum. Bus. L. Rev. 1026 (2022).

Ryan W. Mainous, Note, The SEC's VIE Problems: Why the Agency's Approach Contradicts Its Rhetoric, 2022 Colum. Bus. L. Rev. 1066 (2022).

Veronic Root Martinez, Public Reporting of Monitorship Outcomes, 136 Harv. L. Rev. 757 (2023).

New Securities Law Articles in Print

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

Jo-An Chen, Note, Choosing to "Look Up": The Case for a Single, Mandated Climate Change Disclosure Framework, 64 B.C. L. Rev. 179 (2023).

Jill E. Fisch, Gamestop and the Reemergence of the Retail Investor, 102 B.U. L. Rev. 1799 (2022).

Theresa Gabaldon, The Insidious Effect of Soundbites: Why Fences Aren't Punishment, 72 Am. U. L. Rev. 1 (2022).

Sergio Alberto Gramitto Ricci & Christina M. Sautter, The Corporate Forum, 102 B.U. L. Rev. 1861 (2022).

Andrew Krueger, Note, The Stock Act Ten Years Later: The Need for a New Congressional Insider Trading Regulatory Scheme, 100 Wash. U. L. Rev. 545 (2022).

New Securities Law Articles in Print

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

Christian A. Lobello, Comment, Which Way to Wall Street?: Why the Only Solution to Congressional Insider Trading Regulation Is an Outright Ban, 97 Tul. L. Rev. 127 (2022).

Taylor J. Wilson, Note, Risk and Reputation, 121 Mich. L. Rev. 461 (2022).

Madden & Berger-Walliser on ESG

Thomas M. Madden and Gerlinde Berger-Walliser have posted Making Sense of ESG with the SEC on SSRN with the following abstract:

To debate at present whether public corporation Environmental, Social, and Governance (ESG) reporting is important or necessary or whether it should be mandatory rather than voluntary is to engage with a past to which we cannot return. Our global climate crisis is real and intensifying, and for better or worse, the ESG reporting horses long ago left the gate in response. This article assesses and supports the United States Securities and Exchange Commission’s (SEC) proposal for mandatory climate-related reporting in SEC Release No. 33-11042 as a necessary step in the broader context of ESG reporting. The article asserts that the present-day, paramount issue with ESG reporting is not whether corporations should be required to report on ESG, as the reality shows that most corporations already do for self-serving purposes. It is rather, that the essential concern of accountability and its component parts of materiality and liability included in the SEC’s mandatory ESG reporting project must be carried through and refined. Thus, if the Commission’s Proposing Release ushers in a regime of yet imperfect but mandatory ESG reporting in the United States, it is the accountability mechanics component addressed in this article that calls out for further refinement.

Madden on Executive Compensation

Thomas M. Madden has posted Regulating Financial Sector Incentive Compensation a Decade after Dodd-Frank on SSRN with the following abstract:

This article ushers three normative arguments grounded in justice theory leading to the recommendation of key reforms of financial sector incentive compensation which six federal financial regulatory bodies have failed to promulgate since mandated by Dodd-Frank § 956(b) back in 2010.

 

New Securities Law Articles in Print

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

Patrick M. Corrigan, Does an Initial Public Offering (IPO) Issuer's Securities and Exchange Commission Registration Fee Calculation Method Predict Pricing Revisions and IPO Underpricing?, 19 J. Empirical Legal Stud. 1114 (2022).

Aneil Kovvali, Countercyclical Corporate Governance, 101 N.C. L. Rev. 141 (2022).

Steven L. Schwarcz & Theodore L. Leonhardt, Lawmaking without Law: How Overreliance on Economics Fails Financial Regulation (and What to Do about It), 71 Am. U. L. Rev. 2111 (2022).

New Securities Law Articles in Print

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

Abraham J.B. Cable, Regulating Democratized Investing, 83 Ohio St. L.J. 671 (2022).

Carol R. Goforth, Regulation by Enforcement: Problems with the SEC's Approach to Cryptoasset Regulation, 82 Md. L. Rev. 107 (2022).

Matthew Jennejohn &  D. Gordon Smith, Delaware's Frontier, 24 U. Pa. J. Bus. L. 791 (2022).

Colin P. Marks, Total Return Meltdown: The Case for Treating Total Return Swaps as Disguised Secured Transactions, 50 Pepp. L. Rev. 93 (2023).

Jennifer M. Pacella, Making Whistleblowers Whole, 12 UC Irvine L. Rev. 1291 (2022).

Emily Strauss, Is Everything Securities Fraud?, 12 UC Irvine L. Rev. 1331 (2022).

James Fallows Tierney, Investment Games, 72 Duke L.J. 353 (2022).

New Securities Law Articles in Print

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

Gilbert J. Bradshaw, Cullen Smythe, Frank Morgan & Brittany Phelan, Finders but Not Keepers: The Regulation of Unlicensed Finders in Small Private Capital Raises, 19 N.Y.U. J.L. & Bus. 137 (2022).

Lisa M. Fairfax, Dynamic Disclosure: An Expose on the Mythical Divide between Voluntary and Mandatory ESG Disclosure, 101 Tex. L. Rev. 273 (2022).

Linda D. Jellum, The SEC's Fight to Stop District Courts from Declaring Its Hearings Unconstitutional, 101 Tex. L. Rev. 339 (2022).

Lauren Lang, Note, It's All Fun and Games until Someone Gets Hurt: Lessons on FCPA Enforcement from the Goldman Sachs and 1MDB Scandal, 60 Am. Crim. L. Rev. 203 (2023).

Johan Van den Cruijce & Starlyn Endres, The Impact of Contractual Transfer Restrictions and Micro Liquidity on the Discount for Lack of Marketability, 47 Del. J. Corp. L. 3 (2022).

New Securities Law Articles in Print

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

Kendall Savage Dunne, Comment, A Rising Tide: Exploring the Viability of Pursuing Climate Change Accountability through Securities Fraud Litigation, 127 Penn St. L. Rev. 299 (2022).

Jennifer O'Hare, Corporate Governance Guidelines: How to Improve Disclosure and Promote Better Corporate Governance in Public Companies, 49 Fla. St. U. L. Rev. 257 (2022).

New Securities Law Articles in Print

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

Peter Giovine, Note, Arbitration and FINRA's Customer Code: A Tailored Approach to When a Forum Selection Clause May Supersede FINRA Rule 12200, 91 Fordham L. Rev. 993 (2022).

Gideon Mark, Event-Driven Securities Litigation, 24 U. Pa. J. Bus. L. 522 (2022).

Neal F. Newman & Lawrence J. Trautman, Special Purpose Acquisition Companies (SPACS) and the SEC, 24 U. Pa. J. Bus. L. 639 (2022).