Some people commented that the Securities Act of 1933 was based on the sunlight theory of regulation,
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Some people commented that the Securities Act of 1933 was based on the “sunlight theory of regulation,” which is analogous to others saying that “those who are forced to undress in public will presumably pay some attention to their figures.” What do these commentators mean by such expressions?
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The Securities Act of 1933 does not contain merit t...View the full answer
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