New Special Study of the Securities Markets: Institutional Intermediaries

73 Pages Posted: 9 Aug 2017 Last revised: 6 Sep 2017

See all articles by Allen Ferrell

Allen Ferrell

Harvard Law School; European Corporate Governance Institute (ECGI)

John Morley

Yale Law School

Date Written: July 19, 2017


This essay, written for the Conference on the New Special Study of Securities Markets at Columbia Law School, identifies the key regulatory challenges posed by institutional intermediaries in America’s capital markets. We survey existing legal and economic research and suggest new areas for regulatory reform and scholarly inquiry. We cover registered investment companies (such as mutual funds), private investment funds (such as hedge funds and private equity funds), credit-rating agencies, and broker-dealers.

Keywords: Institutional intermediaries, mutual funds, hedge funds, private equity funds, credit rating agencies, brokers, dealers

JEL Classification: G23, G24

Suggested Citation

Ferrell, Allen and Morley, John D., New Special Study of the Securities Markets: Institutional Intermediaries (July 19, 2017). Yale Law & Economics Research Paper No. 580. Available at SSRN: or

Allen Ferrell

Harvard Law School ( email )

Griswold 303 1525 Massachusetts Avenue
Cambridge, MA 02138
United States
(617) 495-8961 (Phone)
(617) 495-1110 (Fax)

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels


John D. Morley (Contact Author)

Yale Law School ( email )

P.O. Box 208215
New Haven, CT 06520-8215
United States
(203) 436-3527 (Phone)

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
PlumX Metrics