The SEC’s Holiday Gift to High-Speed Traders

By Robert J. Jackson, Jr. and Joshua Mitts December 11, 2014 by Joshua Mitts

Last month, we released a new study, How the SEC Helps Speedy Traders, covered here by the Wall Street Journal, revealing that the Securities and Exchange Commission’s systems have been giving certain investors market-moving corporate filings before those …

Why the CFPB’s Qualified Mortgage Rule Misses the Mark

By Ian Ayres and Joshua Mitts February 10, 2014 by Joshua Mitts

This post grows out of two working papers (downloadable here and here) that Professor Ayres wrote with Joshua Mitts, a former student who is now working at Sullivan & Cromwell.

On Friday, January 10th, the Consumer Financial Protection Bureau’s …

An Incentive-Compatible Alternative to “Don’t Ask Don’t Waive” Standstills

By Steven J. Brams and Joshua Mitts May 28, 2013 by Joshua Mitts

In a recent essay forthcoming in the Delaware Journal of Corporate Law (available on SSRN), we argue that the current controversy over “Don’t Ask, Don’t Waive” standstills in M&A practice highlights the need to apply mechanism design to …

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The CLS Blue Sky Blog

Columbia Law School's Blog on Corporations and the Capital Markets

Joshua Mitts

The SEC’s Holiday Gift to High-Speed Traders

Why the CFPB’s Qualified Mortgage Rule Misses the Mark

An Incentive-Compatible Alternative to “Don’t Ask Don’t Waive” Standstills