The Securities Act at its Diamond Anniversary: Renewing the Case for a Robust Registration Requirement
11 U. Penn. J. of Bus. L. 749 (2009)
40 Pages Posted: 27 Apr 2012
Date Written: 2009
The heart of the federal securities laws is its requirement that securities first be registered with an overseeing government agency before they can be sold to the public. This mechanism has been of paramount value in assuring that investors are not defrauded. The Acts contain certain exemptions to that mandate. This article argues however that they should not be broadened or else that needed protection will be weakened and business will become less accountable to the public interest.
Keywords: securities registration, disclosure, merit review
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