Home > Authors > Anne M. Khademian > The SEC and capital market regulation
The SEC and capital market regulation
In recent years the U.S. securities markets have been engulfed by crisis. The Dow Jones industrial average now commonly rises and falls to levels unimaginable ten years ago. Investors trade giant portfolios in rapid sequence via computers. Trading in Tokyo, Hong Kong, and London has a growing impact on the New York market. Legal barriers between commercial and investment banking are growing more porous, and Wall Street has been shaken by a series of spectacular scandals. Yet the central U.S. regulator, the Securities and Exchange Commission, remains a relatively obscure and unexamined agency. Anne M. Khademian now addresses its significance for securities policy and uses the agency as a model for the study of bureaucracy and bureaucratic theory. The classic tension within U.S. federal agencies is between the need to hold bureaucrats politically accountable to elected officials and the...
See on goodreads | librarything
