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Financial Federalism and the Short, Happy Life of Municipal Securities Regulation.
The Journal of Corporation Law 2009, Spring, 34, 3
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- 2,99 €
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- 2,99 €
Description de l’éditeur
I. INTRODUCTION Not to put anyone off, but the field of municipal securities (1) regulation is the antithesis of sexy. Its powerful soporific effect may already be making itself felt on the reader; its effect on legal scholars is manifest. Academic attention to the issues presented by municipal securities regulation is extremely limited and grand theories of municipal securities regulation are glaringly absent from the pages of our country's law journals. (2) One purpose of this Article is to question why this is so, as well as to establish that it is something that might be of concern. Another is to observe that, from the perspective of the end user, functional differences between municipal and nonmunicipal securities regulation may and should be coming to an end. The third is to make the case for using municipal securities regulation as a pilot program for the overall improvement of the federal securities laws.