Introduction A t first blush," self-regulation" seems to be self-contradicting.'If government
regulation of an industry or problem 2 is considered necessary, how can that responsibility …

The colorful" open outcry" trading in the" pits" of the Chicago futures exchanges and the bell-
ringing opening of trading on the floor of the New York Stock Exchange (NYSE) have long …

The Securities Exchange Act of 19341 declares that securities prices are susceptible to
manipulation 2 and that manipulation precipitates, intensifies and prolongs national …

Regulation of the financial markets is based on the premise that by providing investors with
accurate relevant information, they can make informed investment decisions.'It is believed …

Demutualization by some key foreign exchanges has proceeded at a faster pace. This trend
is recent. The first exchange to demutualize was the Stockholm Stock Exchange in 1993, but …

First Published in 2014. This book maps the issues and traces the US government's efforts to
properly regulate, monitor, and prevent financial speculation and price manipulation in …

For over a quarter century, Commodities Regulation has been recognized as the resource
covering the derivatives marketplace. Today, Derivatives Regulation builds on that …

* Professor of Law, University of North Carolina at Chapel Hill. The author would like to
thank Scot J. Halvorsen for his research assistance at the law school and Elly Baxter for her …

Oct. 20, 1993, at 1." Derivative financial instruments make up one of the fastest growing
financial markets in the world." Congressional Research Service, Subcommittee on …

One of the most striking developments in financial markets during the latter half of this
century has been the growing dominance of the institutional investor. The expanding role of …