A factor mentioned only well-timed as a cause of the savings and bestow problem is the role of the de normal of the banking and finance industry in the get together States. It isquite possible, however, that deregulating is either or both (1) an underlying cause, to both(prenominal) extent, of each of the factors more generally cited as causes of the savings and loan problem, or (2) a old cause of the savings and loan problem. Because the federal government is so ideologically committed to deregulation, however, it is exhausting to get a fair hearing for the need for regulation in limited compact investments. The fundamental objective of deregulation in the United States is the same, regardless of the particular industry which was universe deregulated, and regardless of the extent to which a particular industry was being deregulated. This fundamental
objective is to lease industries to operate in a free market. Although this fundamental applies regardless of the industry involved, it is tempered to a degree by the characteristics of each industry. Thus, it is more appropriate to secernate that the objective of deregul
It might be thought that the principal objectives of disclosure enforcement are to (1) apply sanctions to offen ders, and (2) dissuade potential offenders. While these out comes may, at times guide from SEC disclosure enforcement actions, they do not represent the primary objectives of such actions.
The primary objectives of disclosure enforcement actions by the SEC are (1) the protection of investors in American securities markets, and (2) the maintenance of the integrity of these markets.69
Disclosure...................................... 42
In the absence of effective regulation covering limited partnership investments, however, general partners are in a position to permit manipulation of the activities of a limited partnership investment fundamental law in such a way that the unlimited encounter of the general partner is reduced, while, at the same time, the limited risk of the limited partners is increased. A widely applied maneuver in this context is the extraction by a general partner of inordinate fees for services rendered. Extraordinarily large fees for services permit the 57general partner to protect her or his investment, while shifting obligation for losses to the limited partners.
Weinstein, M. I. "A Curmudgeon's View of Junk Bonds." diary of Portfolio Management (Spring 1987): 7680.
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