CMLJ Express |
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Legal clarity and regulatory discretion—exploring the law and economics of insider trading in derivatives markets (see p. 245)
| Dr Sharon Brown-Hruska and Robert S. Zwirb Unspecified boundaries in the commodities, derivatives and securitieslaw have not only increased the discretion of individual regulatoryauthorities, but have also resulted in expanded and often overlappingassertions of jurisdiction by the Securities and Exchange Commission(SEC), the Commodity Futures Trading Commission, the FederalEnergy Regulatory Commission and other authorities. The SEChas recently sought to expand its jurisdiction into the derivativesmarkets to seek registration
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