Whither State Securities Enforcement?

November 18, 2008

Susan Antilla of Bloomberg news published a recent column  revisiting the question of the continued viability of state securities regulators’ enforcement authority.  I spoke to Susan about my research  on the issue and I am quoted in the article. 

At risk in current frenzy for financial regulatory reform may be the authority of state securities regulators to police securities fraud.   Securities firms unsuccessfully pursued legislation to limit the enforcement power of states, back in 1994, but the issue remains on the reform agenda.  The preemption of state regulatory authority across a range of areas is a significant theme of the recommendations in the Treasury Department’s Blueprint for a Modernized Financial Regulatory Structure.