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- W2018617864 abstract "The Securities Act of 1933 is typically described as a full statute, yet many of its detailed provisions forbid disclosure about pending offerings during specified periods or using specified media. These features provided governmental enforcement of retail selling restrictions that were widely used by managing underwriters but that became difficult to enforce contractually during the late 1920s. The net effect was to protect separate wholesale and retail investment banks from competition by integrated firms. A likely reason is that Congress relied principally on wholesale investment banks for information about unsound investment banking practices." @default.
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- W2018617864 date "2000-01-01" @default.
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- W2018617864 title "The Political Economy of the Securities Act of 1933" @default.
- W2018617864 doi "https://doi.org/10.2139/ssrn.224729" @default.
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