Protecting investors and the integrity of capital markets

Abstract

Purpose

The aim of this paper is to express a point of view concerning recent recommendations to reduce or eliminate the authority of state securities regulators.

Design/methodology/approach

The paper cites three recent reports by the Committee on Capital Markets Regulation, McKinsey & Co., and the US Chamber of Commerce and makes a case for a continued, strong role of state securities regulators, working alongside federal and SRO regulators.

Findings

The study contends that the cited reports reach the wrong conclusions concerning US capital markets competitiveness and the need to weaken the securities regulatory framework.

Originality/value

The paper expresses a state securities regulator's point of view and provides the reader with web site references for three important recent reports in US capital markets competitiveness.

Citation

Borg, J. (2007), "Protecting investors and the integrity of capital markets", Journal of Investment Compliance, Vol. 8 No. 2, pp. 49-51. https://doi.org/10.1108/15285810710759489