Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 23 No 5 May/June 2018

Book of the Month

Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

Price: £110.00

Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


Lowe legislation jp
Sealy millman 2018 jp
Desmith out now
Luba housing

The Advantage of Competitive Federalism for Securities Regulation

Image not available lge

ISBN13: 9780844741581
ISBN: 0844741582
Published: August 2001
Publisher: The AEI Press
Format: Hardback
Price: £14.50

Romano argues that the production of U.S. securities law should be subject to the same market forces that produce U.S. corporate law. She questions fundamental beliefs regarding the efficacy of present-day securities regulation and calls for opening U.S. securities regulation up to competition. Romano charges that the current legislative approach to securities regulation is profoundly mistaken and that preemption is not the solution to frivolous lawsuits or the cost of compliance with multiple registration regimes. She advocates instead a market-oriented approach to competitive federalism that would expand, not reduce the role of the states in securities regulation. Under this approach, which is based on corporate law, corporations would be able to select their securities regime from among those offered by the states, the Securities and Exchange Commission, and even other nations, with the result that there would be competition among securities regulators for firms' registrations. The market approach would thereby fundamentally reconceptualize the regulatory approach to securities regulation. Romano's proposal is at odds with both sides of the current debate over the 1995 Reform Ac

Image not available lge