The article discusses the lessons learned from the restructuring of the U.S. Securities and Exchange Commission (SEC) under the Sarbanes-Oxley Act. The strengths and weakness of the SEC reform measures are highlighted. Key reform proposals stemming from the global financial crisis and reform efforts being undertaken as of the spring of 2010 include overhauling or abolishing the SEC, managing the SEC through the Federal Reserve or the Department of the Treasury, and combining the SEC with the Commodity Futures Trading Commission (CFTC).
Joan M. Heminway,
Reframing and Reforming the Securities and Exchange Commission: Lessons from Literature on Change Leadership,
Vill. L. Rev.
Available at: http://digitalcommons.law.villanova.edu/vlr/vol55/iss3/4