Competitive Federalism for Securities Regulation

A Win for Investors?

Tuesday, February 25, 2003 | 4:30 p.m. – 6:30 p.m.

Wohlstetter Conference Center, Twelfth Floor, AEI 1150 Seventeenth Street, N.W., Washington, D.C. 20036

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About This Event

Massive financial scandals are widely viewed as a failure of central regulatory institutions--particularly the Securities and Exchange Commission (SEC). In
The Advantage of Competitive Federalism for Securities Regulation (AEI Press, December 2002), Yale Law School professor Roberta Romano presents a revolutionary reform proposal: the replacement of centralized securities regulation with a competitive federalism arrangement. Under such a regime--akin to our existing system of corporate law--irms would choose to be regulated exclusively by a state, the SEC, or another country. Over time, Romano argues, competition would compel regulatory authorities to adopt legal arrangements and protections that empower and protect investors.

Romano's remarks about her book will precede a discussion among experts, followed by a questions and answers period.

Agenda

3:15 p.m.	Registration
3:30	Presenter:	Roberta Romano, Yale Law School
	Panelists:	James K. Glassman, AEI
		Donald G. Kempf, Morgan Stanley
		Edmund W. Kitch, University of Virginia Law School
	Moderator:	Michael S. Greve, AEI's Federalism Project
5:30	Adjournment

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AEI Participants

Michael S.
Greve

Michael S. Greve, John G. Searle Scholar at the American Enterprise Institute, specializes in constitutional law, courts, and business regulation. His most recent work, The Upside-Down Constitution (Harvard University Press, 2012), is available for pre-order on Amazon.com. Mr. Greve's earlier writings include The Demise of Environmentalism in American Law (1996); Real Federalism: Why It Matters, How It Could Happen (1999); and Harm-less Lawsuits? What's Wrong With Consumer Class Actions (2005). Mr. Greve is the coeditor, with Richard A. Epstein, of Competition Laws in Conflict: Antitrust Jurisdiction in the Global Economy (2004) and Federal Preemption: States' Powers, National Interests (2007); and, with Michael Zoeller, of Citizenship in America and Europe: Beyond the Nation-State? (2009).

Mr. Greve also heads the American Enterprise Institute's Transatlantic Law Forum, and he is the Chairman of the Competitive Enterprise Institute. He is also a frequent contributor to the Liberty Law Blog. Prior to his engagement at AEI, Mr. Greve founded and co-directed the Center for Individual Rights, a public interest law firm specializing in high-stakes constitutional litigation.
Phone: 202-862-4874
Email: mgreve@aei.org
Assistant Info
Name: Elizabeth DeMeo
Phone: 2028624876
Email: elizabeth.demeo@aei.org