Litigation Finance Plays an Important Role in Capital Markets

By Suneal Bedi and William C. Marra February 18, 2026 by renholding

Public companies routinely unlock capital by monetizing nontraditional assets. Future receivables are securitized. Intellectual property is pledged as collateral. Long-dated cash flows are sliced, priced, and traded. Even reputational assets increasingly appear – implicitly, if not formally – on corporate …

How Market Structures Can Prevent the Misuse of Funds Intended for ESG Projects

By Dongkyu Chang, Keeyoung Rhee and Aaron Yoon August 16, 2023 by renholding

A tremendous amount of capital has already been committed to environmental, social, and governance (ESG). With it has come mounting concern over monitoring and guiding the proper integration of ESG into firms. ESG integration is not straightforward due to the …

Regulating Crypto-Trading Platforms as Exchanges

By Marco Dell’Erba July 5, 2023 by renholding

The Securities and Exchange Commission’s recent actions against Binance and Coinbase show that the commission is worried about the business model of crypto-trading platforms. In its complaint against Binance, for example, the SEC expressed concerns about the offering of “three …

SEC Chair Gensler Speaks at London City Week

By Gary Gensler June 30, 2021 by renholding

I’m honored to be speaking again at London City Week. It’s been eight years since I last spoke here. That was about benchmark interest rates and the London Interbank Offered Rate (LIBOR). I may come back to that, but I’m

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Information-Dissemination Law: The Regulation of How Market-Moving Information Is Revealed

By Kevin S. Haeberle and M. Todd Henderson May 19, 2016 by ilyabeylin

Corporate information that moves stock-market prices has long sat at the center of modern securities regulation in the United States. The Great Depression-era securities laws at the foundation of the field require much mandatory disclosure of this type of information. …

Regulation of Market Makers: An Evolutionary Persistence

By Stanislav Dolgopolov January 11, 2016 by ilyabeylin

Given concerns over “a ‘Houdini’ disappearance of market makers in general”[1] and demands “to increase obligated liquidity in our markets,”[2] one may ponder on the state of the market for liquidity. The market making crisis covering different strata …

Commissioner Aguilar discusses U.S. Equity Market Structure: Making Our Markets Work Better for Investors

By Commissioner Luis A. Aguilar May 14, 2015 by ilyabeylin

The following public comments were released by Commissioner Luis A. Aguilar, U.S. Securities and Exchange Commission (SEC)[1] on May 11, 2015. A copy of them appears on the SEC website, here.

I. Introduction

It is well known that …

McDermott, Will & Emery discusses Recent FTC Consent Agreement Focusing on Competitive Effects

By Jon Dubrow and Ryan Leske April 24, 2015 by tharts1

On March 18, 2015, the Federal Trade Commission (FTC) ordered Par Petroleum Corporation to terminate its storage and throughput rights at a key gasoline terminal in Hawaii. This action will settle FTC charges seeking to prevent Par’s acquisition of Koko’oha …

Comments on the Fair and Effective Markets Review

By Jerome H. Powell February 13, 2015 by miaotingwu

I want to thank the Brookings Institution for inviting me to comment today on Martin Wheatley’s presentation on the Fair and Effective Markets Review (Review).[1] The Review is an ambitious and important initiative. Although London is perhaps the leading center …

The CLS Blue Sky Blog

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

market structure