Cornell Law Review

Article

Oversight Failure in Securities Markets

Yesha Yadav, Professor of Law, Vanderbilt Law School

According to statute, securities exchanges play an essential role in ensuring compliance with applicable laws and industry standards. Long imagined as unique in their institutional capacity to bring traders together, collect information and exclude problem participants from the marketplace, exchanges have offered an efficient source of private discipline for public regulators. The classic conception of…

Nov 2019