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The Stock Exchange As Multi-Sided Platform And The Future Of The National Market System, Steven McNamara 2019 Brigham Young University Law School

The Stock Exchange As Multi-Sided Platform And The Future Of The National Market System, Steven Mcnamara

BYU Law Review

Since Regulation National Market System (Regulation NMS) came into force a decade ago, computer technology has transformed the stock markets. While Regulation NMS benefited investors by lowering stated transaction costs, it also created today’s complex and fragmented trading system. An increasing amount of trading now occurs off-exchange in dark pools and other “non-lit” venues, and hidden costs proliferate. In addition to the profits taken by high-frequency traders, these include the defensive costs of the technological arms race, the possibility of another “Flash Crash,” public suspicions of “rigged” stock markets, reduced allocative efficiency, and rising proprietary data fees paid by stockbrokers …


Slouching Towards Oblivion: Divergent Implementation And Potential Exodus Of Chevron Analysis In The Supreme Court's Interpretation Of Immigration Law, Amy L. Moore 2019 Belmont University - College of Law

Slouching Towards Oblivion: Divergent Implementation And Potential Exodus Of Chevron Analysis In The Supreme Court's Interpretation Of Immigration Law, Amy L. Moore

Law Faculty Scholarship

In Slouching Towards Oblivion: Divergent Implementation and Potential Exodus of Chevron Analysis in the Supreme Court’s Interpretation of Immigration Law, Amy L. Moore examines the Supreme Court’s uneven application of Chevron deference in cases interpreting the Immigration and Nationality Act (INA). Mapping the Court’s immigration jurisprudence from 1984 through 2018, the Article documents a striking inconsistency: although the Court has repeatedly interpreted the INA, it has invoked Chevron in only a minority of those cases. Through a doctrinal survey of decisions such as Cardoza-Fonseca, Aguirre-Aguirre, and St. Cyr, the Article identifies recurring rationales for declining deference, …


Interpenetration Of Powers: Channels And Obstacles For Populist Impulses, Anya Bernstein 2019 Boston University School of Law

Interpenetration Of Powers: Channels And Obstacles For Populist Impulses, Anya Bernstein

Faculty Scholarship

Discussions of populism often focus on the most visible points of executive power: individual leaders. Yet individual leaders only accomplish things through administrative apparatuses that enable and support their power. Rejecting a political theology that imagines sovereignty as inhering in a single decision-maker, this article turns to political pragmatics focused on the people who populate the government. I draw on interviews with administrators in the government of two successful but quite different democracies. The first is the United States, an old, flagship democratic state. The second is Taiwan, which transitioned from a four-decade military dictatorship to a vibrant democracy in …


Administrative Adjudication And Adjudicators, Jack M. Beermann 2019 Boston University School of Law

Administrative Adjudication And Adjudicators, Jack M. Beermann

Faculty Scholarship

The appointment, removal, supervision and allocation of cases to Administrative Law Judges (ALJs) and other non-Article III adjudicators in the United States federal government continues to create vexing legal issues for courts and commentators. This article is an effort to address all of these issues together, to facilitate a holistic understanding of the place of non-Article III adjudicators in the federal government. The appointment question revolves around whether non-Article III adjudicators are Officers of the United States, which most are. There are two issues surrounding the removal of non-Article III adjudicators. First, for reasons sounding in due process concerns, adjudicators …


Lembaga Quasi Non Governmental Organization (Quango) Dalam Sistem Ketatanegaraan Indonesia: Majelis Ulama Indonesia, Ali Abdilah, Rico Novianto 2019 Dosen HTN Fakultas Hukum Universitas Indonesia

Lembaga Quasi Non Governmental Organization (Quango) Dalam Sistem Ketatanegaraan Indonesia: Majelis Ulama Indonesia, Ali Abdilah, Rico Novianto

Jurnal Hukum & Pembangunan

Quasi Non-Governmental Organization institution or Quango is not as wellknown as other state institutions in Indonesia. However, it does not mean this institution does not exist in Indonesia. This article discusses the existence of Quango institution in Indonesian state institutions, especially Majelis Ulama Indonesia (MUI). This article explains the definition of Quango and the characteristics of Quango in several countries. Moreover, based on this article, it is believed that MUI can be classified as Quango in Indonesia state Institutions. To attain the expected result, this contribution employs normative legal studies by using some literature regarding Quango and its existence in …


Kedudukan Notaris Sebagai Pejabat Umum Ditinjau Dari Konsep Equality Before The Law, Edwar -, Faisal A. Rani, Dahlan Ali 2019 Faculty of Law Universitas syiah Kuala

Kedudukan Notaris Sebagai Pejabat Umum Ditinjau Dari Konsep Equality Before The Law, Edwar -, Faisal A. Rani, Dahlan Ali

Jurnal Hukum & Pembangunan

Notary is a general official in accordance with Law Number 2 of 2014 concerning amendments to Law Number 30 years 2014 concerning Notary Position Article 1 number 1. And for that when the notary carries out his duties as the maker of the notary deed is involved the existence of unlawful acts accordingly with Article 66 paragraph (1) of Law Number 2 of 2014 concerning Amendments to Law Number 30 of 2004 concerning the Position of Notary Public that for the benefit of the judicial process, investigators, public prosecutors, or judges with the approval of the notary public. with the …


Produk Hukum Pengkebirian Pemerintahan Desa, Sarip - 2019 Faculty of Law Universitas Muhammadiyah Cirebon

Produk Hukum Pengkebirian Pemerintahan Desa, Sarip -

Jurnal Hukum & Pembangunan

This article aims to examine Law Number 6 of 2014 concerning Villages relating to the castration of villages through legal products issued by the state. Refuse of Article 18B Paragraph (2) The 1945 Constitution of the state recognizes and respects customary law community units and their constitutional rights insofar as they are still alive and in accordance with the development of society and the principle of the Unitary State of the Republic of Indonesia, which is regulated in law. The castration of the village is basically a means that cannot be fully blamed or justified. These considerations are of concern …


Urgensi Amandemen Uu Tentang Persaingan Usaha Di Indonesia: Problem Dan Tantangan, Kurnia Toha 2019 Faculty of Law Universitas Indonesia

Urgensi Amandemen Uu Tentang Persaingan Usaha Di Indonesia: Problem Dan Tantangan, Kurnia Toha

Jurnal Hukum & Pembangunan

This article discusses about how urgent for the holding of an amendment to the Act No. 5 of 1999 concerning Prohibition of Monopolistic Practices and Unfair Business Competition, known as Competition Law. Since the effective force in 2000, the Business Competition Act has given many benefits to the economic development of Indonesia. However, there are also a lot of criticism both from academics, practitioners and commissioners of the Business Competition Supervisory Commission. This research conducted based on normative or library research using secondary data. In addition, this research was also based on a field research through interviews and focus group …


Competition Policy On Online Taxi In Indonesia, Udin Silalahi 2019 Faculty of Law Universitas Pelita Harapan

Competition Policy On Online Taxi In Indonesia, Udin Silalahi

Jurnal Hukum & Pembangunan

The presence of application-based taxis such as Grabcar and Gocar is a challenge for conventional taxis. Its existence can be reduced to conventional taxi company turnover. On March 22, 2016 thousands of conventional taxi drivers held a demonstration against the existence of online taxis, because online taxis were declared in violation of the Traffic Law and consequently the streets in Jakarta were chaotic. The existence of online taxis cannot be avoided any more, due to technological developments. Online taxis provide benefits and convenience for passengers in ordering and the rates are cheaper than conventional taxi rates. Anyone who has a …


Tinjauan “Novum” Dalam Peninjauan Kembali Sengketa Tata Usaha Negara, Yoni A. Setyono 2019 Faculty of Law Universitas Indonesia

Tinjauan “Novum” Dalam Peninjauan Kembali Sengketa Tata Usaha Negara, Yoni A. Setyono

Jurnal Hukum & Pembangunan

Novum is one of the reasons for conducting a review. Sometimes in one case, there is an intersection between two courts. In writing, it tries to examine the intersection between Novum in civil cases and cases of state administrative disputes. Which more relevant link point is used regarding the period of time in filing EIA problems in state administrative disputes. Subject to the legal requirements of civil cases (Environmental Law) or in the Administrative Procedure Law. This study begins with a comparison of approaches through proof known in civil cases and in state administrative disputes which are finally sent to …


Lessons Learned: Thomas C. Baxter, Jr., Esq., Alec Buchholtz, Rosalind Z. Wiggins 2019 Yale School of Management

Lessons Learned: Thomas C. Baxter, Jr., Esq., Alec Buchholtz, Rosalind Z. Wiggins

Journal of Financial Crises

Baxter, who was General Counsel of the Federal Reserve Bank of New York during the crisis, gives us his take on how best to prepare for future crises.


Yale Program On Financial Stability Lessons Learned: Scott Alvarez, Esq., Alec Buchholtz, Rosalind Z. Wiggins 2019 Yale School of Management

Yale Program On Financial Stability Lessons Learned: Scott Alvarez, Esq., Alec Buchholtz, Rosalind Z. Wiggins

Journal of Financial Crises

Alvarez, who was General Counsel of the Federal Reserve System, Board of Governors during 2007-2009, gives us his take on how best to prepare for future crises.


Pharmaceutical Price Gouging: The Need For Direct Regulation On The Gray Market, Nicole Rende 2019 St. John's University School of Law

Pharmaceutical Price Gouging: The Need For Direct Regulation On The Gray Market, Nicole Rende

Journal of Civil Rights and Economic Development

(Excerpt)

This Note proposes federal legislation that will ultimately shut down the Pharmaceuticals gray market. The federal government should directly regulate the gray market and the price gouging mechanisms used. Congress should pass the Fair Accountability and Innovative Research Drug Pricing Act of 2016, currently proposed. This Act will increase price transparency and provide a civil penalty for wrong doers. In addition to the passage of this Act, there needs to be a direct attack on the gray market by creating an act that does not allow companies to participate in these distributions and ultimately form monopolies. This act needs …


Private Enforcement In Administrative Courts, Michael Sant'Ambrogio 2019 Vanderbilt University Law School

Private Enforcement In Administrative Courts, Michael Sant'ambrogio

Vanderbilt Law Review

Scholars debating the relative merits of public and private enforcement have long trained their attention on the federal courts. For some, laws giving private litigants rights to vindicate important policies generate unaccountable private attorneys general" who interfere with public enforcement goals. For others, private lawsuits save cash-strapped government lawyers money, time, and resources by encouraging private parties to police misconduct on their own. Yet largely overlooked in the debate is enforcement inside agency adjudication, which often is depicted as just another form of public enforcement, only in a friendlier forum.

This Article challenges the prevailing conception of administrative enforcement. Based …


Eligible Non-Participation In Canadian Social Welfare Programs, Stephanie Ben-Ishai, Jennifer Robson, Saul Schwartz 2019 Osgoode Hall Law School of York University

Eligible Non-Participation In Canadian Social Welfare Programs, Stephanie Ben-Ishai, Jennifer Robson, Saul Schwartz

Articles & Book Chapters

To be effective in meeting their policy or political goals, social programs must reach the intended target groups. Many social programs, however, have low take-up rates. We examine three illustrative federal programs targeted to lower income Canadians and note that efforts by government agencies to serve all they intend to serve vary considerably. In this paper we discuss the sources of eligible non-participation and present estimates of its extent. We point out that the Canada Revenue Agency (CRA) plays a critical role in all three Canadian social welfare programs. We find that the legislative framework governing the CRA may be …


Capturing The Regulatory Agenda: An Empirical Study Of Agency Responsiveness To Rulemaking Petitions, Daniel E. Walters 2019 Texas A&M University School of Law

Capturing The Regulatory Agenda: An Empirical Study Of Agency Responsiveness To Rulemaking Petitions, Daniel E. Walters

Faculty Scholarship

In environmental regulation as well as in other regulatory domains, a critical question is how outside interests shape the rulemaking agenda. A great deal of skepticism toward regulation stems from the widespread perception that agencies excessively, or even exclusively, cater to business interests. One answer to these concerns is administrative procedure, in particular rulemaking petitions, which are provided for in the Administrative Procedure Act and in many substantive environmental statutes. Although rulemaking petitions could in theory be used by business interests to strengthen their hold on regulatory agenda-setting, a growing number of scholars, highlighting the critical role a rulemaking petition …


Regulatory Design For Transport Security Regulations Of Nuclear And Other Radioactive Material, Marc R. Fialkoff 2019 Oak Ridge National Laboratory

Regulatory Design For Transport Security Regulations Of Nuclear And Other Radioactive Material, Marc R. Fialkoff

Purdue Workshop on Nonproliferation: Technology and Approaches

A cornerstone within a nuclear security regime of a country is a legislative and regulatory framework that both regulates the individuals using radioactive and nuclear materials, but also regulates the regulators for their commitments under International Law. When drafting nuclear law and regulations, both technical and legal expertise is needed to ensure the regulation meets the technical requirements for security, but also is legally enforceable within a country’s jurisdiction. While the Primary Nuclear Law, or Enabling Act provides establishes the Competent Authority and responsibilities for nuclear security, regulatory development is where the proverbial, rubber meets the road for requirements. The …


Inaccessible Websites Are Discriminating Against The Blind: Why Courts, Websites, And The Blind Are Looking To The Department Of Justice For Guidance, Elizabeth Sheerin 2019 St. John's University School of Law

Inaccessible Websites Are Discriminating Against The Blind: Why Courts, Websites, And The Blind Are Looking To The Department Of Justice For Guidance, Elizabeth Sheerin

St. John's Law Review

(Excerpt)

This Note argues that Title III of the ADA should extend to websites and mobile applications as “places of public accommodation” and suggests a framework to determine which accommodations should be adopted to make websites accessible to people with visual disabilities. Specifically, it calls on Congress and the DOJ to fix this hole in the law and ensure the Act protects all persons with disabilities, as it was intended to. Part I will introduce the ADA, including its legislative history and amendments, and then will describe the standards private agencies have developed to make the Internet accessible to those …


Establishment Of The Antitrust Division Of The U.S. Department Of Justice, Gregory J. Werden 2019 St. John's University School of Law

Establishment Of The Antitrust Division Of The U.S. Department Of Justice, Gregory J. Werden

St. John's Law Review

(Excerpt)

To fill in the knowledge gaps, this Article proceeds largely in reverse chronological order. First, it reviews Order No. 2507 and related circumstances, finding clear and convincing evidence that the Order did not create the Antitrust Division. Next, the Article examines the prior tenure of AG Cummings, finding clear and convincing evidence that the Antitrust Division existed before Roosevelt became President and Cummings became AG, and that Cummings lowered the standing of the Antitrust Division within the DOJ prior to issuing Order No. 2507. Finally, the Article scours the prior history of the DOJ and determines that the Antitrust …


Too Plain To Be Misunderstood: Sovereign Immunity Under The Arkansas Constitution, Robert C. Dalby 2019 University of Arkansas, Fayetteville

Too Plain To Be Misunderstood: Sovereign Immunity Under The Arkansas Constitution, Robert C. Dalby

Arkansas Law Review

The framers of the constitution certainly knew that instances of hardship would result from the prohibition of suits against the State, but they nevertheless elected to write that immunity into the constitution. The language is too plain to be misunderstood, and it is our duty to give effect to it. Given the fluid nature of the law, time is often the greatest enemy of clarity in court precedent. From law students to experienced judges, anyone who has tried to research the doctrine of sovereign immunity under the Arkansas Constitution has surely struggled with that enemy as they sift through the …


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