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NCJRS Abstract

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NCJ Number: 119382 Find in a Library
Title: Values in the Marketplace: The American Stock Market Under Federal Securities Law
Author(s): J Burk
Date Published: 1988
Page Count: 207
Sponsoring Agency: Walter de Gruyter & Co
1 Berlin 30, Germany United
Publication Number: ISBN 0-89925-487-X
Sale Source: Walter de Gruyter & Co
Genthiner Str 13
1 Berlin 30,
Germany (Unified)
Type: Legislation/Policy Analysis
Language: English
Country: West Germany (Former)
Annotation: In seven chapters this book assesses the effectiveness of stock market regulation in a democratic society, stressing the roles played in the United States by the Congress, the Securities and Exchange Commission, and the securities industry.
Abstract: The market's capacity to create its own institutional moral order is discussed along with its tendency to pursue special interests and thus continue practices that cause instability. The unintended and unforeseen consequences of regulation imposed by the Congress and administered by the Securities and Exchange Commission are explored. Confusions resulting from legislative compromise give rise to faulty administration and unclear goals, thus impairing the regulatory effort. Unclear regulatory goals result in weakened social controls. The experience of the United States in regulating the securities industry is discussed, with special emphasis on the need to develop strategies for regulating international markets.
Main Term(s): Securities fraud
Index Term(s): Federal regulations; Regulatory agencies; Securities and Exchange Commission
Note: De Gruyter studies on North America, Vol. 2
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