High‐frequency trading (HFT) is an important component of stock market activity on major
exchanges. In the United States, HFT contributed approximately 52% of total equity trading …

This article argues that the key mechanisms protecting portfolio investors in public corporate
securities are indirect. They do not rely on actions by the investors or by any private actor …

Dramatic trading in GameStop, AMC, and other" meme stocks" in early 2021 reignited
debates about how efficient the stock market is, its purposes, and whose interests it should …

For decades, two theories have shaped insider trading regulation.'The first argues that
insider trading should be prohibited because unequal access to information corrupts the …

An extensive literature evaluates whether and how best to regulate" insider" trading. Far less
attention has been given to what sorts of assets should be subject to insider trading …

Nearly a century has passed since the United States enacted its first securities laws.
Principally animated by the desire to prevent manipulation that was deemed a central cause …

Financial trading markets can seem deeply puzzling. Central features conspicuously depart
from how most markets work. This makes their study particularly interesting, but it also …

In December 2022, the SEC charged eight social media influencers with fraud and stock
market manipulation on Twitter and Discord. 1 According to the Chief of the SEC …

Do the Securities Laws Promote Short-Termism? Page 1 Do the Securities Laws Promote
Short-Termism? James J. Park* Since 1970, the Securities and Exchange Commission (SEC) …

Delaware dominates business law. It has attracted more business entities to the state than
citizens. 1 Over a quarter of the state's budget-$1.3 billion-comes from taxes and fees …