Commissioner Daniel M. Gallagher: The Securities and Exchange Commission – The Next 80 Years: The 15th Annual A.A. Sommer Jr. Lecture
Tonight, I’d like to discuss a topic that I believe would have been of critical interest to Al Sommer: the future – the next 80 years – at the SEC. Over the next eight decades, the SEC’s fate will be intertwined, as it always has been, with that of our capital markets. Despite robust market activity over the last few years, the U.S. capital markets, the manner in which they are regulated, and the SEC itself collectively face an existential threat: the encroaching imposition of so-called prudential regulation on markets wholly unsuited to that regulatory paradigm. To put it simply, the manner in which the Commission responds to this encroachment, as well as to the unprecedented, decade-long burden placed upon us by a hundred Dodd-Frank Act mandates, will determine whether the SEC remains as relevant in the 21st century as it was in the 20th – and more importantly, whether our capital markets, still the best in the world despite an onslaught of self-inflicted frictions, can continue to be the drivers of economic growth and prosperity that they have been for so long.
NYC Bar’s Securities Litigation Committee Issues Report on Possible Impact of Halliburton II
The U.S. Supreme Court’s anticipated decision in Halliburton II will be a landmark event in the world of class action securities litigation.
The United States Supreme Court’s anticipated decision in Halliburton II will be a landmark event in the world of class action securities litigation. In its report, entitled The Possible Impact of Hallibuton II on Securities Class Action Litigation, the New York City Bar Association’s Committee on Securities Litigation, chaired by Fordham Law alum Todd G. Cosenza, provides an overview of the issues before the Supreme Court in that case, followed by a concise explanation of the history and key concepts most relevant to the current debate, including the efficient capital markets hypothesis, the fraud-on-the-market presumption, and the legal landscape in which the Supreme Court recently granted certiorari. The report then seeks to identify and analyze the potential implications of the Supreme Court’s decision in Halliburton II.
The House of Representatives approved the Stop Trading on Congressional Knowledge (“STOCK”) Act on February 9, 2012, by a vote of 417 to 2. The bill stands to (1) prohibit Members and Employees of Congress from using “nonpublic information derived from the individual’s position as a Member or Employee of Congress . . . for personal […]
Announcement: Fordham Journal of Corporate & Financial Law’s 2012 Symposium – “Regulation of Over-the-Counter Derivatives” – February 13, 2012
The Fordham Journal of Corporate & Financial Law (FJCFL) and the Fordham Corporate Law Center are proud to announce that this year’s annual FJCFL symposium will be titled “Regulation of Over-the-Counter Derivatives” and will take place on Monday, February 13th, 2012 at 113 West 60th Street, Lowenstein Building, 12th Floor Lounge. Overview: This year’s symposium, titled “Regulation of Over-the-Counter […]
Click on the article title to jump to piece: Regulating Wall Street In The Age of Disclosure Overload by Bill Singer Less but better disclosure may be more, U.S. SEC Commissioner Paredes says by Stuart Gittleman Regulating Wall Street In The Age of Disclosure Overload By Bill Singer Forbes http://www.forbes.com/sites/billsinger/2011/11/30/regulating-wall-street-in-the-age-of-disclosure-overload/ Pinch me. Please. Again. […]
Please find the transcript to the lecture here. On October 27, 2011, Commissioner Troy A. Paredes of the U.S. Securities & Exchange Commission, delivered the Corporate Law Center’s Twelfth Annual A.A. Sommer, Jr. Lecture on Corporate, Securities and Financial Law. The title of his lecture was “The Philosophy and Practice of Disclosure.”
Please find the video to the lecture here. Transcript: Twelfth Annual A.A. Sommer, Jr. Lecture on Corporate, Securities and Financial Law “The Philosophy and Practice of Disclosure” Commissioner Troy A. Paredes U.S. Securities and Exchange Commission October 27, 2011 Thank you for the generous introduction. And thank you to Fordham Law School for […]