Accepting Regulatory Paternalism: A Wise Man to Look Out for You

David Ress ()
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David Ress: University of New England

Chapter Chapter 5 in The Kansas Blue Sky Act of 1911, 2023, pp 63-77 from Springer

Abstract: Abstract Kansas Banking Commissioner Joseph N. Dolley’s Blue Sky Act addressed Americans’ deepening distrust of the stock promotions that came with increasing frequency in the first decades of the twentieth century. Although financial writers tried to address this, urging readers to turn to bankers and lawyers for advice, legislators in other states hastened to enact laws that followed the Kansas model with state officials stepping in to vet offerings for appropriateness.

Keywords: Paternalism; Investment banking; Securities regulation; Stockbrokers (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-43831-8_5

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DOI: 10.1007/978-3-031-43831-8_5

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