# kaal:claim:1765901-033

**Claim.** Changing national rules in a spirit of cooperation among states and regulators is more productive for preventing securities fraud than imposing U.S. rules on foreign nations through extraterritorial imperialism.

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

**Holds when.**

- cross border securities fraud enforcement

**Source quote.**

> Cooperation among nation states and their regulators to prevent securities fraud could help improve foreign relations. Changing national rules in the spirit of cooperation is likely to be more productive than imposing rules on foreign nations through extraterritorial imperialism.

**From.** Kaal and Painter, *The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche* (2011), III. The Dodd-Frank Act; 3. The SEC Study of Private Rights of Action, Section 929Y, page 22

**Cite as.** Kaal and Painter, The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1765901

**Verify.** sha256 of source PDF `7b08b8a15f7d72b4eeed41be2d17c20428cb4727269077a6575c5d22e31ecdc5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Painter%20-%202011%20-%20The%20Aftermath%20of%20Morrison%20v.%20National%20Australia%20Bank%20and%20Elliott%20Associates%20v.%20Porsche.pdf

**Topics.** securities-law

**Keywords.** regulatory-cooperation, extraterritoriality, foreign-relations, securities-fraud

**Related claims.**

- restates: https://wulfkaal.github.io/claims/1664809-036
- extends: https://wulfkaal.github.io/claims/1664809-037
- extends: https://wulfkaal.github.io/claims/1664809-004

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