Investor Protection By Administrative Agency: The United States Securities and Exchange Commission

Business Conduct Standards for Security-Based Swap Dealers and Major Security-Based Swap Participants AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange

The Securities and Exchange Commission (‘‘Commission’’) is proposing for comment new rules under the Securities Exchange Act of 1934 (‘‘Exchange Act’’) that are intended to implement provisions of Title VII (‘‘Title VII’’) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (‘‘Dodd-Frank Act’’) relating to external business conduct standards for security-based swap dealers ...

United States Environmental Protection Agency United States Court of Appeals for the District of Columbia Circuit

OPINION: [*6] Per Curiam: The Hazardous and Solid Waste Amendments of 1984 instituted a ban on the land disposal of classes of hazardous wastes unless certain conditions are met. Those amendments require the Environmental Protection Agency to follow a phased schedule for implementing the ban. In this case we consider various challenges to regulations implementing the final portion of this progr...

Financial Management of Gas and Electric Utilities by the Securities and Exchange Commission

The title actually assigned to me for discussion on this occasion had a slightly more academic ring than the one I have chosen. I see no reason why, even before this group, a “spade” need be defined as “an elongated instrument by which perspiration and energy are applied to the movement of loose material from one place to another”; let’s just call it a “spade.” Let’s recognize that the Public U...

Convertible Securities and Heterogeneity of Investor Beliefs

We argue that convertible securities can better attract investors with different beliefs on the firm’s future cash flows compared to straight bond and stock. We find that a firm is more likely to issue convertibles rather than stock and straight bond when investors are more heterogeneous in their beliefs. We also find that the positive impact of heterogeneous beliefs on the likelihood of a conv...

Report of the Securities and Exchange Commission on Questionable and Illegal Corporate Payments and Practices