Rejecting Regulation as Paternalism: The Busybody’s Heavy Hand

David Ress ()
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David Ress: University of New England

Chapter Chapter 6 in The Kansas Blue Sky Act of 1911, 2023, pp 79-90 from Springer

Abstract: Abstract As more states adopted Kansas Banking Commissioner Joseph N. Dolley’s Blue Sky Act to regulate securities sales, brokers specializing in mining shares, soon joined by the larger Wall Street and regional investment banks, began publicity and lobbying campaigns charging the law was a paternalistic infringement on American liberty. Their first efforts, however, had mixed success.

Keywords: Blue Sky law; Caveat emptor; Commerce clause; U.S. Constitution; Securities law (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-3-031-43831-8_6

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