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The financial industry's perseverance through conflicts in securities policy has been remarkable. American securities, the broadest and most active economic market, sets the standard for the world. The critical feature to industry survival is the enforcement strategy, which regulates securities transactions and provides a process-induced equilibrium among participants. The reason that the SEC and its protective subgovernment have not only endured, but thrived when its counterparts were swept away, it this devotion to a regulatory strategy based on disclosure enforcement that has held the securities industry together.
- Format: Inbunden
- ISBN: 9780815330622
- Språk: Engelska
- Antal sidor: 169
- Utgivningsdatum: 1997-12-01
- Förlag: Garland Publishing Inc