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LEADER 00000cam  2200409 i 4500 
005    20170703134542.0 
008    300522s2017    enk      b    001 0 eng   
010    2017011614 
019    19546510 
020    9781107158504 (hardback) 
040    DLC|beng|cDLC|erda|dDLC 
042    pcc 
043    n-us--- 
050 00 KF1439|b.G46 2017 
100 1  Georgakopoulos, Nicholas Leonidas,|eauthor 
245 14 The logic of securities law /|cNicholas Georgakopoulos. 
260    Cambridge, United Kingdom ;|aNew York, NY :|bCambridge 
       University Press,|c2017. 
300    xiii, 200 pages ;|c24 cm. 
504    Includes bibliographical references (pages 185-198) and 
       index. 
505 8  Machine 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    "This 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"--|cProvided by publisher. 
520    "The book opens with a simple introduction to financial 
       markets, it understands 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 explores the economic harm from insider 
       trading and how the law fights it. In sum, see 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"--|cProvided by 
       publisher. 
650  0 Securities|zUnited States 
650  0 Corporations|xFinance|xLaw and legislation|zUnited States 
650  0 Disclosure of information|xLaw and legislation|zUnited 
       States 
650  0 Class actions (Civil procedure)|zUnited States 
650  0 Securities fraud|zUnited States 
650  0 Insider trading in securities|xLaw and legislation|zUnited
       States