Caveat Emptor and Selling Stocks: Mr. Thompkins Comes to Town

David Ress ()
Additional contact information
David Ress: University of New England

Chapter Chapter 3 in The Kansas Blue Sky Act of 1911, 2023, pp 29-42 from Springer

Abstract: Abstract There were no effective legal remedies against the promoters of dubious share offerings, just as for most American commerce there were no remedies for disappointed buyers because most American judges’ adherence to the caveat emptor doctrine was so firm—firmer than in the English courts in which the concept first arose. Rural Kansans, used to a different model of commerce, and where judges were more skeptical of caveat emptor, felt especially victimized by stock promoters and Kansas Banking Commissioner Joseph N. Dolley would tap into those sentiments with his Blue Sky Act.

Keywords: Securities sales; Fraud; Regulation; Caveat emptor (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-43831-8_3

Ordering information: This item can be ordered from
http://www.springer.com/9783031438318

DOI: 10.1007/978-3-031-43831-8_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().