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However, encouraging more tips, rather than focusing on ways to improve the quality of the massive number of tips the SEC already receives, may bog down a program that already appears to struggle. As it happens, the SEC only investigates a small number of the tips it receives, and only an infinitesimal number of the […]
In the face of these alarming trends, the report advocates a number of reforms. First and foremost, the report advocates Congressional enactment of legislation overturning Cyan. Companies, the study notes, “should not have to incur the risk and costs of defending themselves in two or more different courts simultaneously.” Congress, the report suggests, should adopt […]
The report outlines “much-needed reform of the financial regulatory structure” and calls for urgency in implementing reforms. A major change the Volcker report advocates is combining the Securities and Exchange Commission, the main regulator of securities, and the Commodity Futures Trading Commission, which oversees futures and options, into a new regulator designed to better protect […]
University of Michigan Law School Professor Adam Pritchard’s idea to reform securities class actions via shareholder proposal has moved from a purely academic discussion to the real world, and has been submitted to Alaska Air (details here). What are this proposal’s chances? Please click on the “Read full story” link below to vote.
University of Michigan Law School Professor Adam Pritchard’s recent proposal to reform securities class actions via shareholder proposal has moved from a purely academic discussion to the real world. Prof. Pritchard reports today that a shareholder in Alaska Air has submitted a proposal to the company under Rule 14a-8 to amend Alaska Air’s certificate of […]