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Articles 1 - 4 of 4
Full-Text Articles in Securities Law
Locked In: The Competitive Disadvantage Of Citizen Shareholders, Anne M. Tucker
Locked In: The Competitive Disadvantage Of Citizen Shareholders, Anne M. Tucker
Anne Tucker
In this Essay, I challenge the conventional corporate law wisdom that unhappy mutual fund investors paying high fees don’t need litigation or regulation to protect their interests because they should simply exit a fund and reinvest elsewhere. The exit solution, advanced by Professors John Morley and Quinn Curtis in Taking Exit Rights Seriously provided an elegantly simply solution to the problem of unhappy indirect investors (e.g., mutual fund investors) given that they are often low-dollar, low-incentive, rationally-apathetic investors facing enormous information asymmetries and collective action problems. According to their view, competition produced by exit, or the threat of exit, is …
Institutional Investors' Appetite For Alternatives, Christopher Geczy, Jessica Jeffers, David Musto, Anne Tucker
Institutional Investors' Appetite For Alternatives, Christopher Geczy, Jessica Jeffers, David Musto, Anne Tucker
Anne Tucker
No abstract provided.
The Outside Investor: Citizen Shareholders & Corporate Alienation, Anne M. Tucker
The Outside Investor: Citizen Shareholders & Corporate Alienation, Anne M. Tucker
Anne Tucker
This Article explores the creation and conundrum of citizen shareholders - investors who enter the securities market primarily through employer-sponsored defined-contribution plans, invest in mutual or index funds, and are saving for long-term goals like retirement. Citizen shareholders are a consequence of a retirement revolution, and are the fastest growing group of investors. Citizen shareholders are distinguishable from other shareholders on the grounds of choice, exit, and the number of intermediaries inserted into the investment chain in defined-contribution plans. They are largely missing from corporate policy and scholarship debates; few discussions have incorporated the growing reality that shareholder status has …
Sec On Track With New Insider Cases, Anne M. Tucker