The Sarbanes-Oxley Act is a year-and-half old,but it isnot going to protect investors the way its proponents think.

Massive financial scandals are widely viewed as a failure of central regulatory institutions--particularly the Securities and Exchange Commission (SEC). In

The current approach toward U.S. securities regulation by the Securities and Exchange Commission should be revamped by implementing a regime of competitive federalism.

The author examines the structure of the corporate charter market, the impact of takeover regulation and federal securities law, and the spreading of criminalization of corporate duties.