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Full-Text Articles in Securities Law
Engineered Credit Default Swaps: Innovative Or Manipulative?, Gina-Gail S. Fletcher
Engineered Credit Default Swaps: Innovative Or Manipulative?, Gina-Gail S. Fletcher
Articles by Maurer Faculty
Credit default swaps (“CDS”) are, once again, making waves. Maligned for their role in the 2008 financial crisis and condemned by the Vatican, investors are once more utilizing CDS to achieve results of questionable market benefit. A CDS is a financial contract that allows investors to “bet” on whether a borrower will default on its loan. However, rather than waiting to see how their bets pan out, some CDS investors are collaborating with financially distressed borrowers to guarantee the profitability of their CDS positions—“engineering” the CDS’ outcome. Under the CDS contract, these collaborations are not prohibited, yet they have roiled …
Salman V. United States: Insider Trading's Tipping Point?, Donna M. Nagy
Salman V. United States: Insider Trading's Tipping Point?, Donna M. Nagy
Articles by Maurer Faculty
No abstract provided.
Transnational Regulatory Litigation, Hannah Buxbaum
Transnational Regulatory Litigation, Hannah Buxbaum
Articles by Maurer Faculty
Recent years have seen much debate about the role of national courts in addressing global harms. That debate has focused on the application by domestic courts of international law - for instance, in civil actions brought in U.S. courts to enforce human rights law. This article identifies a parallel development in the area of economic regulation. It classifies and analyzes a category of cases that seek the application of regulatory law by domestic courts in situations involving global economic misconduct. Like the public international law cases, these cases highlight the tension between the benefits to be gained by enhanced enforcement …
Municipal Securities Market: Same Problems -- No Solutions, Ann Judith Gellis
Municipal Securities Market: Same Problems -- No Solutions, Ann Judith Gellis
Articles by Maurer Faculty
This article examines the existing regulations of the municipal securities market, focusing on what activities prompted the regulatory changes and analyzing the direction and efficacy of these regulations in terms of the deficiencies in the market. Part One gives a background sketch of the market and its participants from the time of the New York City fiscal crises to today. Part Two discusses whether the existing regulation is sufficient to produce disclosure, focusing on the Orange County crises. Part Three offers a critique of the current regulatory scheme and makes some suggestions for reform.
Misrepresentation In The Sale Of Stock: Which Buyers Are Protected?, J. William Hicks
Misrepresentation In The Sale Of Stock: Which Buyers Are Protected?, J. William Hicks
Articles by Maurer Faculty
No abstract provided.
The Listing Of Daimler-Benz Securities On The Nyse: Conflicting Interests And Regulatory Policies, J. William Hicks
The Listing Of Daimler-Benz Securities On The Nyse: Conflicting Interests And Regulatory Policies, J. William Hicks
Articles by Maurer Faculty
No abstract provided.
The Concept Of Transaction As A Restraint On Resale Limitations, J. William Hicks
The Concept Of Transaction As A Restraint On Resale Limitations, J. William Hicks
Articles by Maurer Faculty
No abstract provided.