Abstract

http://ssrn.com/abstract=1083678
 


 



Red October: its Origins, Consequences, and the Need to Revive the National Market System


Eric A. Chiappinelli


Texas Tech University School of Law


Securities Regulation Law Journal, Vol. 18, No. 2, Summer 1990

Abstract:     
This article discusses the problem of the lack of liquidity as an aspect of the 1987 stock market crash and the reforms adopted in the wake of the crash to address the problem. The author advocates a comprehensive revision of the securities market through the National Market System to effect consolidation of the equity markets. Consolidation, he argues, would dramatically increase market liquidity and minimize the possibility of a second crash. Consolidation, however, requires radical restructuring of the markets' regulation to end the fragmentation that now exists. This can only be accomplished by motivating the SEC to embrace the National Market System, centralizing market regulation in the SEC, and ending self-regulation.

Accepted Paper Series


Not Available For Download

Date posted: January 14, 2008  

Suggested Citation

Chiappinelli, Eric A., Red October: its Origins, Consequences, and the Need to Revive the National Market System. Available at SSRN: http://ssrn.com/abstract=1083678

Contact Information

Eric A. Chiappinelli (Contact Author)
Texas Tech University School of Law ( email )
1802 Hartford
Lubbock, TX 79409
United States
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