SEC

In new research, William Christopher Gerken, Steven Irlbeck, Marcus Painter and Guangli Zhang track the movements of Securities and Exchange Commission-associated smartphone devices to shed light on the SEC’s investigatory process and understand how office visits from its staff alter firm behavior and outcomes.

James Tierney finds that Loper Bright, the latest ruling in a rash of Supreme Court cases undermining the Securities and Exchange Commission’s authority, will limit the agency’s intervention in the market and produce uncertainty for businesses as they guess which rules will survive the judicial review.

Summary Teaser: Howell E. Jackson revisits George Stigler’s famous 1964 critique of the Securities and Exchange Commission and particularly his critique of the work of SEC lawyer Milton Cohen, who headed the SEC’s Special Study of Securities Markets in the early 1960s.  Although time has validated Cohen’s intuitions regarding the value of expanding SEC oversight into over-the-counter markets, Stigler’s call for more careful economic analysis supported by robust empirical justification has heavily influenced how the SEC and other financial regulators stive to operate today.

Joel Seligman's article examines the historical debate surrounding the Securities and Exchange Commission's mandatory corporate disclosure system, focusing on George Stigler's influential 1964 critique and subsequent discussions. While acknowledging Stigler's role in sparking important questions about regulatory necessity, Seligman argues that critics often underestimated the historical evidence of securities fraud and the need for public market confidence, ultimately defending the continued relevance of mandated disclosure in securities regulation.

The SEC's definition of fiduciary duty allows institutional shareholders to vote against Elon Musk's Twitter takeover bid thanks to portfolio primacy. Is the Musk...

Nowhere does the “revolving door” spin more quickly than at the Securities and Exchange Commission. But, even at the SEC, not all doors spin...

Shareholder proposals are one of the most effective forms of shareholder voice in corporate America. It is one of the main channels through which...

The SEC is expected to approve a proposed rule change that could limit the amount of awards paid to whistleblowers, despite evidence that shows...

Italian officials have to choose the optimal strategy to end the lockdown. A policy that sends all the active population back to work avoids...

The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the...