Abstract

http://ssrn.com/abstract=1920476
 


 



Blue Skies for 100 Years: Introduction to the Special Issue on Corporate and Blue Sky Law


Amy Westbrook


Washburn University School of Law

August 31, 2011

Washburn Law Journal, Vol. 50, No. 3, 2011

Abstract:     
Kansas enacted the first state securities law in the United States on March 10, 1911, thereby ushering in a new era of financial regulation. House Bill 906, entitled “An Act to provide for the regulation and supervision of investment companies and providing penalties for the violation thereof” (1911 Act), was the product of disparate forces, including the ongoing struggle over Kansas’ new bank guarantee act, progressive pressures within the Republican Party, strong agricultural markets, the increasing prevalence of traveling securities salesmen, and the work of the charismatic Kansas Commissioner of Banking, Joseph Norman Dolley.

This year marks the 100th anniversary of the Kansas “blue sky” law, and this issue of the Washburn Law Journal uses the occasion to look back on the genesis of securities regulation and to think about its future. It is true that the financial markets in 2011 are profoundly different from the markets in 1911. Moreover, the 1911 Act was passed under a specific combination of politics, economics, technology and social forces at work in Kansas in 1911. Although a lot has changed in 100 years, the persistence of the regulatory systems established during the early twentieth century, with respect both to securities and to corporate governance more generally, suggests that era may have more to interest us than “mere” history.

Number of Pages in PDF File: 14

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Date posted: August 31, 2011  

Suggested Citation

Westbrook, Amy, Blue Skies for 100 Years: Introduction to the Special Issue on Corporate and Blue Sky Law (August 31, 2011). Washburn Law Journal, Vol. 50, No. 3, 2011. Available at SSRN: http://ssrn.com/abstract=1920476

Contact Information

Amy Westbrook (Contact Author)
Washburn University School of Law ( email )
1700 College Avenue
Topeka, KS 66621
United States
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