The logic of securities law / Nicholas Georgakopoulos, Indiana University.
2017
Items
Details
Title
The logic of securities law / Nicholas Georgakopoulos, Indiana University.
Imprint
Cambridge : Cambridge University Press, 2017.
Description
1 online resource (xiii, 200 pages) : digital, PDF file(s)
Formatted Contents Note
Machine generated contents note: 1. Introduction. Real markets and financial markets; Part I. Definition of a Security : When to Leave Buyer Beware for Seller Disclose?: 2. Toward defining a security; 3. The vacuous definition of a security; 4. The function of investment contract; 5. Pricing mechanisms; 6. From the sale of business doctrine to Gustafson; 7. Gustafson works!; 8. Definition conclusion; Part II. Disclosure: Why Subsidize Informed Traders?: 9. Introduction; 10. An overview of disclosure theories; 11. The failure of the corporate disclosure decision; Part III. Deterrence of Securities Fraud: 12. Introduction to deterrence intensity; 13. Comparing the economic function of deceit to that of securities fraud; 14. Reliance in deceit and securities fraud; 15. Conclusion of deterrence intensity; Part IV. Insider Trading: 16. Introduction to insider trading; 17. Insider trading law; 18. Defining insiders; 19. Concluding the insider trading analysis; Part V. The Virtuous Cycle of Liquid Markets, Accurate Prices and Cheap Trading: 20. The virtuous cycle; 21. Closing note: financial crises and securities law.
Summary
This book opens with a simple introduction to financial markets, attempting to understand the action and the players of Wall Street by comparing them to the action and the players of main street. Firstly, it explores the definition of a security by its function, the departure from the buyer beware environment of corporate law and the entrance into the seller disclose environment of securities law. Secondly, it shows that the cost of disclosure rules is justified by their capacity to combat irrationalities, fads, and panics. The third section explains how the structure of class actions is designed to improve deterrence. Next it explores the economic harm from insider trading and how the law fights it. In sum, the book shows how all these parts of securities law serve the virtuous cycle from liquidity to accurate prices and more trading and how the great recession showed that our securities regulation reacted mostly adequately to the crisis.
Note
Title from publisher's bibliographic system (viewed on 17 Jul 2017).
Location
WWW
Available in Other Form
Print version:
Linked Resources
Alternate Title
Cambridge Core.
Language
English
ISBN
9781316665671 ebook
9781107158504 (hardback)
9781316610992 (paperback)
9781107158504 (hardback)
9781316610992 (paperback)
Record Appears in