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Regulating Dynamic Risk in Changing Market Conditions

Navarro Smelcer, Susan et al.
Digital Commons @ University of Georgia School of Law · Legal
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business-organizations-lawsecuritiessecurities-law
How successful are the SEC's attempts to regulate dynamic risk in financial markets? Using mutual fund disclosure data from two financial shocks-the Puerto Rican debt crisis and COVID- 19-this Article finds evidence that SEC open-ended regulations, like the obligation to disclose changing market con
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