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
supported_bykaal: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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