Regulators of over-the-counter (OTC) markets face a unique enforcement challenge. OTC markets are particularly susceptible to investor fraud, but prior research indicates regulators prefer to focus their enforcement efforts on larger, exchange-listed firms. We shed light on the SEC’s tailored...

Independent regulatory bodies continue to play a key role in the governance of the sector in India. Across several sectors, regulators are tasked with the responsibility of drafting regulations, enabling compliance, adjudicating disputes amongst other functions. With the mandate of regulators...