A History of Securities Law and the Supreme Court explores how the
Supreme Court has made (and remade) securities law. It covers the
history of the federal securities laws from their inception during
the Great Depression, relying on the justices' conference notes,
internal memoranda, and correspondence to shed light on how they
came to their decisions and drafted their opinions. That history
can be divided into five periods that parallel and illustrate key
trends of the Court's jurisprudence more generally. The first saw
the administration of Franklin Delano Roosevelt—aided by his
filling eight seats on the Court-triumph in its efforts to enact
the securities laws and establish their constitutional legitimacy.
This brought an end to the Court's long-standing hostility to the
regulation of business. The arrival of Roosevelt's justices, all
committed to social control of finance, ushered in an era of
deference to the SEC's expertise that lasted through the 1940s and
1950s. The 1960s brought an era of judicial activism-and further
expansion—by the Warren Court, with purpose taking precedence
over text in statutory interpretation. The arrival of Lewis F.
Powell, Jr. in 1972 brought a sharp reversal. Powell's leadership
of the Court in securities law produced a counter-revolution in the
field and an end to the SEC's long winning streak at the Court.
Powell's retirement in 1987 marked the beginning of the final
period of this study. In the absence of ideological consensus or
strong leadership, the Court's securities jurisprudence meandered,
taking a random walk between expansive and restrictive decisions.
General
Imprint: |
Oxford UniversityPress
|
Country of origin: |
United States |
Release date: |
May 2023 |
Authors: |
A. C Pritchard
(Professor)
• Robert Thompson
(Professor)
|
Dimensions: |
235 x 156mm (L x W) |
Format: |
Hardcover
|
Pages: |
376 |
ISBN-13: |
978-0-19-766591-6 |
Categories: |
Books >
Law >
General
Promotions
|
LSN: |
0-19-766591-8 |
Barcode: |
9780197665916 |
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