Post-American Securities Regulation

Abstract

International securities regulation has arrived, in spectacular fashion, at the forefront of the country‘s national debate on financial markets reform. The unprecedented scope of the current financial crisis has exposed the enormous risk that can arise with the cross-border sale of securities. 1 Meanwhile, the global nature of the Bernie Madoff and Robert Allen Stanford investment frauds, as well as the accounting scandals that toppled once adored multinationals Enron and Parmalat, have illustrated the now international reach of con men. 2 As a result, policymakers and scholars have vociferously called upon regulatory authorities to better monitor global markets, protect investors par-