000			03797nam a22004458i 4500
001			CR9781316665671
005			20250919142053.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			151123s2017||||enk o ||1 0|eng|d
020			_a9781316665671 (ebook)
020			_z9781107158504 (hardback)
020			_z9781316610992 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
043			_an-us---
050	0	0	_aKF1439 _b.G46 2017
082	0	0	_a346.73/0666 _223
100	1		_aGeorgakopoulos, Nicholas Leonidas, _eauthor.
245	1	4	_aThe logic of securities law / _cNicholas Georgakopoulos, Indiana University.
264		1	_aCambridge : _bCambridge University Press, _c2017.
300			_a1 online resource (xiii, 200 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 17 Jul 2017).
505	8		_aMachine generated contents note: 1. Introduction. Real markets and financial markets; Part I. Definition of a Security : When to Leave Buyer Beware for Seller Disclose?: 2. Toward defining a security; 3. The vacuous definition of a security; 4. The function of investment contract; 5. Pricing mechanisms; 6. From the sale of business doctrine to Gustafson; 7. Gustafson works!; 8. Definition conclusion; Part II. Disclosure: Why Subsidize Informed Traders?: 9. Introduction; 10. An overview of disclosure theories; 11. The failure of the corporate disclosure decision; Part III. Deterrence of Securities Fraud: 12. Introduction to deterrence intensity; 13. Comparing the economic function of deceit to that of securities fraud; 14. Reliance in deceit and securities fraud; 15. Conclusion of deterrence intensity; Part IV. Insider Trading: 16. Introduction to insider trading; 17. Insider trading law; 18. Defining insiders; 19. Concluding the insider trading analysis; Part V. The Virtuous Cycle of Liquid Markets, Accurate Prices and Cheap Trading: 20. The virtuous cycle; 21. Closing note: financial crises and securities law.
520			_aThis book opens with a simple introduction to financial markets, attempting to understand the action and the players of Wall Street by comparing them to the action and the players of main street. Firstly, it explores the definition of a security by its function, the departure from the buyer beware environment of corporate law and the entrance into the seller disclose environment of securities law. Secondly, it shows that the cost of disclosure rules is justified by their capacity to combat irrationalities, fads, and panics. The third section explains how the structure of class actions is designed to improve deterrence. Next it explores the economic harm from insider trading and how the law fights it. In sum, the book shows how all these parts of securities law serve the virtuous cycle from liquidity to accurate prices and more trading and how the great recession showed that our securities regulation reacted mostly adequately to the crisis.
650		0	_aSecurities _zUnited States.
650		0	_aCorporations _xFinance _xLaw and legislation _zUnited States.
650		0	_aDisclosure of information _xLaw and legislation _zUnited States.
650		0	_aClass actions (Civil procedure) _zUnited States.
650		0	_aSecurities fraud _zUnited States.
650		0	_aInsider trading in securities _xLaw and legislation _zUnited States.
776	0	8	_iPrint version: _z9781107158504
856	4	0	_uhttps://eresourcesptsl.ukm.remotexs.co/user/login?url=https://doi.org/10.1017/9781316665671
907			_a.b16848494 _b2022-11-01 _c2020-12-22
942			_n0
998			_a1 _b2020-12-22 _cm _da _feng _genk _y0 _z.b16848494
999			_c652192 _d652192