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A Civil Libertarian Looks At Securities Regulation, Monroe H. Freedman

Hofstra Law Faculty Scholarship

Since I am a stranger to this group and, indeed, to this area of the law, it seems appropriate that I begin by introducing myself and indicating the perspective-from which I view securities regulation. I suppose I would be characterized as an old-fashioned New Deal Democrat. I therefore approach the area of securities regulation with a great deal of sympathy with the rights of the little guy and a good deal less sympathy with those whom the Securities and Exchange Commission (SEC) Chairman Ray Garret:, Jr., recently referred to as "robber barons, princes of privilege, [and] malefactors of great wealth."' …