When the levees break : re-visioning regulation of the securities markets / Karen Kunz and Jena Martin.

Format:

Book

Author/Creator:

Kunz, Karen, 1955- author.

Martin, Jena, 1973- author.

Language:

English

Subjects (All):

Securities--United States.

Securities.

Financial crises.

United States.

Securities industry--United States.

Securities industry.

Securities industry--Law and legislation--United States.

Securities industry--Law and legislation.

Stock exchanges--United States.

Stock exchanges.

Stock exchanges--Law and legislation--United States.

Stock exchanges--Law and legislation.

Financial crises--United States--Prevention.

Financial crises--Prevention.

Physical Description:

xviii, 204 pages ; 24 cm

Place of Publication:

Lanham : Lexington Books, [2017]

Summary:

The stock markets. Whether you invest or not, the workings of the stock market almost certainly touch your life. Either through your retirement fund, your mutual fund, or just because you work for a place that invests (or is invested in)-the reach of the securities markets is expanding, like an ever-growing tidal wave. When the Levees Break discusses what happens when that wave hits the shore. Specifically, this book argues that, given the mounting deluge from misplaced regulation, fast-paced technology, and dominant financial players, the current US regulatory structure is woefully inadequate to hold back the tide. Using vivid imagery and plain language, Karen Kunz and Jena Martin take the problems involved in regulating the complex world of securities head-on. Examining everything from the rise of technology and the role of hedge funds to our bloated agency system, Kunz and Martin argue that the current structure is doomed to fail and, when it does, the consequences will be disastrous. Sending out a call to action, the authors also offer a bold vision for how to fix the mess we've made-not by tinkering around the edges, but instead by building a whole new structure, one that can withstand the next storm that is sure to come. Book jacket.

Contents:

Part I The Disclosure Paradigm 1

1 Watching the Waves Roll In 3

2 Trying to Evaporate Water with Sunshine: Moving Beyond Disclosure 23

3 Plugging the Leaks 33

Part II Whole Market Regulation 57

4 Variations on a Theme 59

5 Securities as Products (A Toaster by Any Other Name) 73

6 Whole Market Regulation 95

Part III Implementation and Implications 115

7 A Regulatory Triad 117

8 Oh Captain, My Captain! The New Model from the Corporate Perspective 139

9 Building a New Levee 159.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Kunz, Karen, 1955- author. When the levees break

ISBN:

9780739196045

0739196049

OCLC:

958798009