Former Congressional staffer Hester Peirce has published an article titled, “Regulatory Complicity in Nasdaq’s Troubles.” The article discusses last week’s Nasdaq trading halt and examines how the SEC could approach the resolution of future problems in the securities market.
Lofchie Comment: The article makes two important points: first, regulators feel pressured to bring a disciplinary action or make additional rule requirements whenever something profiled publicly goes wrong in the financial markets; second, it is often the case that the rule changes have negative unintended consequences.
Click here for the Point of Law Article on Nasdaq.