Jay Malllin
Professor John Coates
Professor John Coates presented testimony at a hearing of the Senate Committee on Banking, Housing & Urban Affairs Subcommittee on Securities, Insurance and Investment on Dec. 14, in an open session hearing titled “Examining Investor Risks in Capital Raising.” He discussed themes related to pending proposals to revise securities laws. Coates recommended that any adopted proposal contain a sunset period, with the SEC directed to study the effects during a test phase.
“The laws should end unless the SEC could be able to satisfy itself that the benefits are outweighing the costs of the changes,” said Coates.