kaal:claim:1664809-005

Because many countries choose to combat securities fraud through government enforcement rather than private litigation, the United States should respect the right of other countries to regulate their own markets.

Source quote, verbatim

respect the right of other countries to regulate their own markets.

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 2. MORRISON V. NATIONAL AUSTRALIA BANK, p. 2
https://ssrn.com/abstract=1664809 · source PDF

Cite as

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809

Holds when

countries that rely on public enforcement rather than private class actions

Classification

normativesupport: arguedcompliancelaw-and-legal-systemssecurities-law

Related claims

supported_by kaal:claim:2029983-040 Although many jurisdictions may protect investors less well than the United States, it is not at all certain t...

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