Business, Management and Accounting
8 years ago

Global Fraud Crackdown Sparks International Tensions and Investor Restrictions

1 view
Law and policy in international business
Let There Be Fraud (Abroad): A Proposal for a New U.S. Jurisprudence with Regard to the Extraterritorial Application of the Anti-Fraud Provisions of the 1933 and 1934 Securities Acts
John D. Kelly

Paper Summary

The article discusses how U.S. securities laws apply to fraud that happens outside the country. This has caused confusion and disagreements between the U.S. and other countries. The SEC has made some changes to address these issues, but there is still a lack of clarity on how far U.S. laws can reach. This uncertainty has led to challenges for U.S. investors and foreign businesses.

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