Arizona Carries Regulatory Reform Momentum Forward with Historic Vote
My Law School Morning Routine
Exchange-Traded Confusion: How Industry Practices Undermine Product Comparisons in Exchange Traded Funds
Despite their popularity[1] and growing importance in U.S. capital markets,[2] exchange traded funds (ETFs) are incredibly difficult (at times even impossible) to accurately compare side-by-side. In a new article, I show how a variety of discretionary industry practices undermine simple “apples to apples” comparisons in ETFs. Comparative challenges are compounded by the limitations of disclosure and the ability of investors to understand the information disclosed.
For instance, there is significant diversity in…
Skadden Discusses California Ruling Upholding Exclusive Federal Forum Charter Provision
On September 1, 2020, Judge Marie S. Weiner of the San Mateo County, California Superior Court held that an exclusive federal forum provision was enforceable under California law. See Wong v. Restoration Robotics, Inc., No. 18CIV02609 (Cal. Super. Ct., Sept. 1, 2020). This is the first California decision to evaluate the enforceability of a Delaware charter provision requiring shareholder claims under the Securities Act of 1933 (Securities Act) to be brought exclusively in federal court…
Even More On Patton Controversy: Chronicle of Higher Education
The controversy concerning the suspension of Professor Greg Patton has exploded this evening. The Chronicle of Higher Education published “An anonymous survey of 105 professors at the University of Southern California’s Marshall School of Business [conducted by the business school’s……
An Op-Ed from the L.A. Times: Why learning via Zoom is hard and what we can do to make it easier
The Op-Ed author, Professor Daniel Willingham, is a cognitive scientist at UVA (and wrote Why Don’t Students Like School, among other books). He talks about some of the points I raised in an earlier post – that for both teacher……
Faculty Silenced at USC Marshall: "A Climate of Terror"
I have previously reported on the discipline of Professor Greg Patton at USC Patton, who used a common Mandarin word in class that sounded like a racist word in English. The Atlantic has a piece on how this has affected……
How the Market Data Infrastructure Proposal Could Affect Free Trading Platforms
From the Yale Law Journal – deadline for submitting articles & essays is Wednesday
This evening I received a nice email from Ms. Jenny Choi, the Executive Editor at the Yale Law Journal, who has asked editors at several law prof blogs to please spread the word that the deadline for submitting articles and……
SEC Commissioner Speaks on Financial Market Regulation
Whenever I talk to economists, since I cannot awe you with a fancy equation, I have to start with a bad joke. It is a knock-knock joke, which is especially hard to pull off when trying to physically distance. “Knock, knock.” “Who’s there?” “Economist.” “Economist who?” “I kin’ o’ missed you too!” It is a really bad joke, but I really do miss having you all here at the SEC in person and hope that…