Apr 1, 2019 | Capital Markets, Op-Ed
By HAL S. SCOTT Originally published by the Financial Times on April 1, 2019 US and EU regulators recently held hearings on concerns that overlapping corporate ownership could be harming competition. Some witnesses advocated restricting institutional investors, who...
Mar 31, 2019 | Capital Markets, Report
Part I of the Committee’s statement describes two proposals that would restrict institutional ownership of stocks: one offered by Professor Einer Elhauge1 (referred to herein as “Elhauge”) and another offered by Professors Eric Posner, Fiona Scott Morton and Glen Weyl...
Mar 14, 2019 | Capital Markets, Letter
On March 14 2019, the Committee submitted a comment letter to the Commodity Futures Trading Commission (“CFTC”) regarding a rule amendment certification filing by ICE Futures U.S., Inc. (“IFUS”) to amend its order execution rule. IFUS’ proposed rule amendment would...
Feb 21, 2019 | Capital Markets, Op-Ed
By HAL S. SCOTT Originally published by the Wall Street Journal on February 21, 2019. Jay Clayton, chairman of the Securities and Exchange Commission, announced earlier this month that the staff of his agency would allow Johnson & Johnson to block its shareholders...
Feb 19, 2019 | Capital Markets, Statement
Recent policy proposals put forth by several lawmakers have recommended curtailing public companies’ use of stock buybacks, arguing that the practice has constrained economic growth while unfairly enriching wealthy shareholders and executives. However, these proposals...
