Federal Regulation of Margin in the Commodity Futures Industry - History and Theory

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Federal Regulation of Margin in the Commodity Futures Industry - History and Theory by : Jerry W. Markham

Download or read book Federal Regulation of Margin in the Commodity Futures Industry - History and Theory written by Jerry W. Markham and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether the federal government should regulate margin requirements for commodity futures contracts has been the subject of intensive debate for over fifty years. Congress has periodically rejected legislation that would have granted such authority. The stock market crash of 1987, and a subsequent mini-crash in 1989, has resulted in renewed demands for federal controls. The Securities and Exchange Commission (“SEC”) and the Department of the Treasury contend that such controls are necessary to prevent the near disastrous set of events that occurred during those market crises. The Commodity Futures Trading Commission (“CFTC”) and the commodity futures industry oppose federal controls on margin, and assert that market forces, not margins, were responsible for the events that occurred during the 1987 and 1989 market breaks. This article addresses these events. Part I discusses the numerous, uniformly unsuccessful efforts by the federal government to impose margin controls on commodity futures in prior years. It also describes the nature of commodity futures margins and the problems encountered in the early history of federal regulation of futures trading. Part II describes federal margin controls over securities transactions and their background. It then examines the Federal Reserve Board's view that federal margin controls are no longer serving the regulatory purposes intended when Congress adopted the controls in 1934. Part III of the article discusses the recent efforts to obtain federal regulatory controls over commodity futures margins following the stock market crash of 1987. It also examines the increased demands by the SEC and the Department of Treasury for such controls as a result of the mini-crash of 1989. Finally, Part IV of the article examines the merits of the arguments over the need for federal margin controls. Opponents contend that rigid federal margin requirements could impair market liquidity. Proponents of margin controls contend that federal regulation is necessary to reduce market volatility and to prevent another stock market crash. The article concludes that the evidence supporting the latter view is weak. Nevertheless, there is some support for the view that residual authority could be given to the Federal Reserve Board to guard against systemic risks.

Law Enforcement and the History of Financial Market Manipulation

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Publisher : Routledge
ISBN 13 : 1317466373
Total Pages : 456 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Law Enforcement and the History of Financial Market Manipulation by : Jerry Markham

Download or read book Law Enforcement and the History of Financial Market Manipulation written by Jerry Markham and published by Routledge. This book was released on 2015-01-28 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2014. This book maps the issues and traces the U.S. government's efforts to properly regulate, monitor, and prevent financial speculation and price manipulation in various markets. It begins with the period from the late nineteenth century to the first congressional efforts at regulation in the 1930s and continues on to the present, with a full chapter on the legal and financial aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The book also discusses the difficulty of initiating successful prosecutions of financial fraud and price manipulation and proposes a new approach to preventing manipulative practices.

Between Truth and Power

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Publisher : Oxford University Press
ISBN 13 : 0190246693
Total Pages : 377 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Between Truth and Power by : Julie E. Cohen

Download or read book Between Truth and Power written by Julie E. Cohen and published by Oxford University Press. This book was released on 2019 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work explores the relationships between legal institutions and political and economic transformation. It argues that as law is enlisted to help produce the profound economic and sociotechnical shifts that have accompanied the emergence of the informational economy, it is changing in fundamental ways.

A Financial History of the United States

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Publisher : Routledge
ISBN 13 : 1317478126
Total Pages : 839 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis A Financial History of the United States by : Jerry W Markham

Download or read book A Financial History of the United States written by Jerry W Markham and published by Routledge. This book was released on 2015-03-17 with total page 839 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new reference by the author of the critically acclaimed A Financial History of the United States covers the aftermath of the Enron-era scandals and the extraordinary financial developments during the period

The Derivatives Revolution

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041134301
Total Pages : 458 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis The Derivatives Revolution by : Raffaele Scalcione

Download or read book The Derivatives Revolution written by Raffaele Scalcione and published by Kluwer Law International B.V.. This book was released on 2011-01-01 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is now widely recognized that an uncontrolled "derivatives revolution" triggered one of the most spectacular worst-case scenarios of modern times. This book - the most cogent legal analysis of the subject yet to appear in any language - lays bare the core role played by the failure to adequately regulate derivatives in the financial crisis of recent years. The author's insistence that derivatives must be viewed not as profit-seeking investments but as risk management tools - and his well-grounded prescriptions to ensure that they are regulated in that way - sheds clear light on the best way for companies, financial institutions, and hedge funds to move forward in their use of these useful but highly hazardous instruments. This book clearly shows how such elements as the following fit into the legal analysis of derivatives, and how proper regulation will preserve their usefulness and economic value: ; derivatives allow for the most efficient and cost-effective risk fractioning, hence risk taking, techniques ever conceived; derivatives allow for all measurable and identifiable risks that may exist in modern finance; the ability to isolate risks and insure against risk exposures is the key to the very survival of modern financial markets; risk buyers effectively take on financial exposure to various types of risk while hedgers unload unwanted exposures; derivatives allow domestic investors to acquire exposure to foreign markets without the necessity of dealing with foreign laws, foreign investments, currency exchange, or foreign fiscal regimes; derivatives increase social welfare by making it easier and less expensive to carry out many types of financial transactions; derivatives allow governments to insulate, manage, hedge or concentrate risks deriving from financial, meteorological, and even geopolitical exposure; and derivatives allow radical changes to financial and risk structure to be performed silently and rapidly. To the question: how do we ensure that a company trading derivatives is regulated effectively? this work offers a clear and convincing answer. The author's detailed recommendations for regulatory and corporate governance measures are designed to prevent excessive risk taking, the emergence of rogue traders, and ultimately the emergence of another systemic disturbance caused by chains of derivatives-related losses.

Temple Law Review

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Publisher :
ISBN 13 :
Total Pages : 1254 pages
Book Rating : 4.:/5 (51 download)

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Federal Register

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ISBN 13 :
Total Pages : 1036 pages
Book Rating : 4.:/5 (31 download)

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Download or read book Federal Register written by and published by . This book was released on 1994-06 with total page 1036 pages. Available in PDF, EPUB and Kindle. Book excerpt:

SEC Docket

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ISBN 13 :
Total Pages : 892 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis SEC Docket by : United States. Securities and Exchange Commission

Download or read book SEC Docket written by United States. Securities and Exchange Commission and published by . This book was released on 1994 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Commodity Futures Law Reporter

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ISBN 13 :
Total Pages : 2538 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Commodity Futures Law Reporter by : Commerce Clearing House

Download or read book Commodity Futures Law Reporter written by Commerce Clearing House and published by . This book was released on 1974 with total page 2538 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Futures Trading Act of 1982

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Publisher :
ISBN 13 :
Total Pages : 188 pages
Book Rating : 4.:/5 (221 download)

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Book Synopsis Futures Trading Act of 1982 by : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry

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Federal Securities Law Reporter

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ISBN 13 :
Total Pages : 2408 pages
Book Rating : 4.F/5 ( download)

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Download or read book Federal Securities Law Reporter written by and published by . This book was released on 1941 with total page 2408 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Securities and Futures

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ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Securities and Futures by : United States. General Accounting Office

Download or read book Securities and Futures written by United States. General Accounting Office and published by . This book was released on 1986 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Research Handbook on Securities Regulation in the United States

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Publisher : Edward Elgar Publishing
ISBN 13 : 1782540075
Total Pages : 563 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Research Handbook on Securities Regulation in the United States by : Jerry W. Markham

Download or read book Research Handbook on Securities Regulation in the United States written by Jerry W. Markham and published by Edward Elgar Publishing. This book was released on 2014-07-31 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fascinating Handbook provides a clear explanation of the securities market regulation regime in the United States. A diverse set of contributors offer a comprehensive overview of the regulatory process, Dodd-Frank, the principal securities statute

Washington and Lee Law Review

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ISBN 13 :
Total Pages : 824 pages
Book Rating : 4.:/5 (36 download)

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Download or read book Washington and Lee Law Review written by and published by . This book was released on 1991 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Treatise on the Law of Securities Regulation

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ISBN 13 :
Total Pages : 958 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Treatise on the Law of Securities Regulation by : Thomas Lee Hazen

Download or read book Treatise on the Law of Securities Regulation written by Thomas Lee Hazen and published by . This book was released on 2002 with total page 958 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cryptocurrency Regulation

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Publisher : Edward Elgar Publishing
ISBN 13 : 1035318180
Total Pages : 191 pages
Book Rating : 4.0/5 (353 download)

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Book Synopsis Cryptocurrency Regulation by : Jerry W. Markham

Download or read book Cryptocurrency Regulation written by Jerry W. Markham and published by Edward Elgar Publishing. This book was released on 2023-09-06 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This incisive and thought-provoking book examines the regulation of cryptocurrency trading by state and federal financial services regulators, in order to understand why these statutes proved to be ineffective in regulating this new asset class. Furthermore, it analyzes and evaluates pending proposals in Congress for more effective cryptocurrency regulation.

The SEC Speaks in ...

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ISBN 13 :
Total Pages : 1126 pages
Book Rating : 4.F/5 ( download)

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Download or read book The SEC Speaks in ... written by and published by . This book was released on 1995 with total page 1126 pages. Available in PDF, EPUB and Kindle. Book excerpt: