U.S. Securities Regulation and the Use of the Internet in Registered Offerings

30 Pages Posted: 1 May 2016

See all articles by Joseph J. Norton

Joseph J. Norton

Southern Methodist University - Dedman School of Law; The University of Hong Kong - Asian Institute of International Financial Law

Hansjorg Heppe

Southern Methodist University (SMU)

Date Written: 2002

Abstract

This article raises the question of whether the United States should continue primarily to rely on its existing securities law framework, or whether it needs a radically different framework when dealing with Internet-related securities issues. With this basic question in mind, the authors explore how the SEC has handled the rise of the Internet, and whether there truly is a need for new rules, regulations, or even legislation. After describing the basic principles of U.S. securities regulation, the authors consider what the Internet/electronic media is, and to what it enables its users. The article then addresses certain aspects regarding how the electronic media has affected registered stock offerings, and how the SEC has been addressing this new use. The authors conclude with a look at how the SEC's Division of Enforcement approaches fraud and the Internet.

Keywords: securities regulation, securities market, online trading, internet, electronic media, Securities and Exchange Commission, SEC Division of Enforcement

Suggested Citation

Norton, Joseph J. and Heppe, Hansjorg, U.S. Securities Regulation and the Use of the Internet in Registered Offerings (2002). NAFTA: Law and Business Review of the Americas, No. 1-2 (Winter/Spring), 2002, SMU Dedman School of Law Legal Studies Research Paper No. 273, Available at SSRN: https://ssrn.com/abstract=2772660

Joseph J. Norton (Contact Author)

Southern Methodist University - Dedman School of Law ( email )

P.O. Box 750116
Dallas, TX 75275
United States

The University of Hong Kong - Asian Institute of International Financial Law ( email )

Faculty of Law The University of Hong Kong
Room 301A 3/F K K Leung Building Pokfulam Road
Hong Kong

Hansjorg Heppe

Southern Methodist University (SMU) ( email )

6212 Bishop Blvd.
Dallas, TX 75275
United States

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