Boundaries of SEC Regulation

Possible paper topics include: • The choice of enforcement devices (transparency, proscriptive regulation, supervision/ surveillance, and rules enforcement through litigation and fines) • Political economy of the SEC • Interaction of the SEC with international financial markets • Efficiency of SEC delegation of standard setting to organizations such as FASB • Self-regulation of exchanges and of the mutual fund industry • Effect of SEC listing standards on the fraction of public versus private capital and IPO activity • Regulatory impact on mutual funds and hedge funds • Option expensing rules and effects on growth companies • Increased liability and composition of boards of directors