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Full-Text Articles in Law

Would You Go To Work If You Weren't Paid? The Problem Of Incentives For Participants In Standards Development Organizations, Matthew N. Kriegel Jan 2006

Would You Go To Work If You Weren't Paid? The Problem Of Incentives For Participants In Standards Development Organizations, Matthew N. Kriegel

Washington University Law Review

No abstract provided.


Wall Street Scandals: The Curative Effects Of Law And Finance, William G. Christie, Robert B. Thompson Jan 2006

Wall Street Scandals: The Curative Effects Of Law And Finance, William G. Christie, Robert B. Thompson

Washington University Law Review

This Article studies three scandals that embroiled U.S. financial markets during the past decade or so, including the Nasdaq market-makers' use only of odd-eighths quotes, the abuse of specialist power on the New York Stock Exchange, and the mutual fund scandal. We attempt to attribute the resolution of these situations to the curative effects of markets versus regulation. We argue that the intervention of the legal system through regulation and/or litigation is often necessary to help resolve the misalignment of incentives needed for markets to accomplish their goal of maximizing value. The Article suggests that there exists an ...


The Sec As A Lawmaker: Choices About Investor Protection In The Face Of Uncertainty, Donald C. Langevoort Jan 2006

The Sec As A Lawmaker: Choices About Investor Protection In The Face Of Uncertainty, Donald C. Langevoort

Washington University Law Review

A problem that has dominated much of recent corporate legal scholarship is one of political economy: what drives (and constrains) the production of corporate law? As used here, “corporate law” refers to the body of regulation dealing with the allocation of power, rights, and
responsibilities relating to management and control of the corporation—a rough description that includes many of the disclosure-related demands of federal securities regulation. My paper will look at the portion of corporate-securities law that is produced by the Securities and Exchange Commission (SEC). Put simply, what drives and constrains the SEC as a
federal corporate lawmaker?


South Africa's Criminalization Of “Hurtful” Comments: When The Protection Of Human Dignity And Equality Transforms Into The Destruction Of Freedom Of Expression, Ryan F. Haigh Jan 2006

South Africa's Criminalization Of “Hurtful” Comments: When The Protection Of Human Dignity And Equality Transforms Into The Destruction Of Freedom Of Expression, Ryan F. Haigh

Washington University Global Studies Law Review

No abstract provided.