The Bear Stearns bailout created an implicit guarantee that will create a great deal of moral hazard unless we smartly regulate investment banks in a way that doesn't destroy their value; so say Dwight Jaffee and Mark Perlow.

Purpose: To explain the SEC’s Share Class Selection Disclosure Initiative (SCSD Initiative), the purpose it seeks to serve, the results it has generated, and its broader implications for the asset management industry. Design/methodology/approach: Explains the newly announced results of the...

The SEC has moved forward in crafting a series of proposals focused on the "best interest" of certain customers of Brokers and advisers. The authors discuss these proposals and what they may mean for the market