Law Commons^™

After 75 years of experience with the Investment Company Act, improving investor protection remains an ongoing, multi-faceted, and frustratingly elusive endeavor.  Certain regulatory approaches have been more - or less - emphasized over the years, but today we still lack an agreed-upon singular “silver bullet” for assuring investor protection and must, of necessity, pursue an ever-evolving, eclectic approach to that central policy goal. 

 

            This chapter describes the various approaches taken to investor protection since 1940 and argues that moving on many, admittedly imperfect, fronts is the best regulatory strategy today and probably the only politically viable one in …