Investors at Risk: Flaws in Securities Regulation Leave Them Vulnerable
The article discusses how securities regulation has two main parts: one that focuses on companies raising money from investors, and another that regulates financial service providers who help investors. The researchers argue that these two areas need different rules to protect investors effectively. They show that current regulations have flaws, leading to problems like fraud and investor harm. By understanding these two aspects better, securities regulation could be improved to better protect investors.