Pourquoi Pas? Securities Regulation and the American Dream: Remarks before the Association of Private Enterprise Education

We should modulate our regulations to ensure that we are doing our part to keep America open to innovators, entrepreneurs, and upstart competitors. Some basic principles can guide that new regulatory approach. First, foster regulatory predictability so people have the space to make reliable educated assessments of regulatory risk. Second, take a prudent, humble, and iterative approach to regulation that can respond nimbly to innovation and that can identify and correct regulatory missteps. Third, relish the intellectual challenge of dealing with novel legal questions raised by innovative companies and products. Fourth, explore ways in which new technologies can make us a better regulator. You, as academics, can hold us accountable to regulating according to these and other sensible regulatory principles.

Source: Pourquoi Pas? Securities Regulation and the American Dream: Remarks before the Association of Private Enterprise Education