For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...
You must have a membership to view this page.

Perspective

May 10, 2011

State Municipalities, Beware of SEC Administrative Proceedings

The imbalance of power in favor of the U.S. Securities and Exchange Commission in administrative law courts is shockingly constitutional. By Joel T. Shackelford and Joan Stevens Smyth


By Joel T. Shackelford and Joan Stevens Smyth

The municipal securities market, consisting of approximately 51,000 issuers and $2.8 trillion in outstanding securities, has long been one of lax oversight and limited transparency. No longer. With the advent of the verbose Dodd Frank Wall Street Reform and Consumer Protection Act, and revisions to applicable securities law, including Section 15c-2-12 of the Securities and Exchange Act of 1934, the U.S. Securities and Exchan...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up

Related Content

Immigration, 9th U.S. Circuit Court of Appeals

Split 9th Circuit panel rules crossing border illegally doesn’t always mean eluding officers

Jul. 25, 2019
By Paula Lehman-Ewing


By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.