If national securities regulators are unable or unwilling to cooperate with each other, there is likely to be more securities fraud.
Source quote, verbatim
If national securities regulators are unable or unwilling to cooperate with each other, there is likely to be more
From
Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.8. Diplomacy, p. 8 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
cross-border securities markets with multiple national regulators
Classification
mechanismsupport: arguedsecurities-lawcompliance
Related claims
extended_bykaal:claim:1765901-033 Changing national rules in a spirit of cooperation among states and regulators is more productive for preventi...
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