# kaal:claim:1664809-005

**Claim.** 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.

**Type.** normative  **Support.** argued

**Holds when.**

- countries that rely on public enforcement rather than private class actions

**Source quote.**

> 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, page 2

**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

**Verify.** sha256 of source PDF `2d5c8c30f969f8eb613bfa1fe6888a7cfa1a452e1027bcda0489618ceac62c20` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Painter%20and%20Kaal%20-%202010%20-%20Extraterritorial%20Application%20of%20US%20Securities%20Law%20%E2%80%93%20Will%20the%20US%20Become%20the%20Default%20Jurisdiction%20for.pdf

**Topics.** compliance, law-and-legal-systems, securities-law

**Keywords.** regulatory-sovereignty, public-enforcement, private-litigation, comity, securities-fraud

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/2029983-040

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.