comparators, many of the insolvency regulators focus principally on the regulation and disciplining of insolvency practitioners …

securities regulation that had protected investors and their marketplace since the end of the Great Depression. This essay … author concludes that this reallocation of regulatory responsibility will realign the dual system of securities regulation to …

Exchange Commission to seek legislation to preempt states from concurrent regulation. Currently, the preemption issue is being … judicial, congressional, and executive recognition that has been extended to the states in the field of securities regulation …. After reviewing these sources of support for state regulation, a response is made to the claim that duplication and the …

duplicative coverage argument. The author also questions the argument that capital formation is impeded by merit regulation …, providing evidence that states with reputations for strict merit regulation have not experienced adverse effects on capital … formation. Although he recognizes the utility of the merit regulation debate, the author concludes by acknowledging the positive …

-held, privately-managed investment funds, unregistered and exempt from federal securities regulation. With increasing investor demand …