Wall Street Polices Itself: How Securities Firms Manage the Legal Hazards of Competitive Pressures

Wall Street Polices Itself: How Securities Firms Manage the Legal Hazards of Competitive Pressures

by David P. McCaffrey, David W. Hart
ISBN-10:
0195111877
ISBN-13:
9780195111873
Pub. Date:
04/28/1998
Publisher:
Oxford University Press, USA
ISBN-10:
0195111877
ISBN-13:
9780195111873
Pub. Date:
04/28/1998
Publisher:
Oxford University Press, USA
Wall Street Polices Itself: How Securities Firms Manage the Legal Hazards of Competitive Pressures

Wall Street Polices Itself: How Securities Firms Manage the Legal Hazards of Competitive Pressures

by David P. McCaffrey, David W. Hart

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Overview

Explains how the self-regulatory system for U.S. securities firms works within three tiers of supervision. Drawing upon prior work on securities regulation in the areas of economics, law, and management, this book will greatly interest professionals in the securities industry.

Product Details

ISBN-13: 9780195111873
Publisher: Oxford University Press, USA
Publication date: 04/28/1998
Edition description: New Edition
Pages: 224
Product dimensions: 6.40(w) x 9.30(h) x 0.90(d)

About the Author

David P. McCaffrey is Professor in the Department of Public Administration and Policy and in the Organizational Studies Program at the State University of New York at Albany. He is the also the author of The Politics of Nuclear Power: A History of the Shoreham Nuclear Power Plant (1991) and OSHA and the Politics of Health Regulation (1982).

David W. Hart received his Ph.D. in Public Administration from the State University of New York at Albany. He has published articles on organizational behavior and theory, as well as on ethical decision-making in organizations, while also teaching in these areas and in corporate strategy.

Table of Contents

1. Self-Regulation in Broker-Dealer Firms
2. The Social Benefits and Risks of Entrepreneurs and Free Agents
3. Government Regulation of Broker-Dealer Firms
4. Controls at Self-Regulatory Organizations and Broker-Dealer Firms
5. Private Litigation and Arbitration
6. Economic and Technological Changes: Coping with New Regulatory Problems
7. Differences Among Broker-Dealer Firms
8. Foundations of Effective Self-Regulation
References
Index

What People are Saying About This

Joel Seligman

"McGaffrey and Hart's 'Wall Street Policies itself' is a thoughtful and comprehensive review of the theory and modern practice of securities self-regulation. The book is notable for its detailed empirical evidence and its examination of the nitty-gritty of the securities industry, and for the broader perspective of how governmentand the securities industry work to reduce fraud." -- University of Arizona College of Law

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