Will Federal Banking Regulations Force Online Casinos to Fold?
Until recently, online casinos operated outside of the reach of the United States Government. Now, in an innovative effort at law making, Congress has charged banks and other financial institutions with preventing the operation of online casinos in the US market. By requiring banks to shun transactions from gambling sites, Congress hopes to cut off the interaction between sites and their customers on US soil. Whether this will be successful is unknown. This discussion will explore what the new regulations will do to both the banking and gaming industries. More importantly it will examine whether this is an appropriate and acceptable form of law enforcement. Will this law overburden banks by making them the agents of the federal government, or will it be an easy to incorporate standard that will make banks more secure? Should online gambling be outright prohibited in the United States or should Congress merely regulate and tax this activity? These and many other questions will be explored during the lecture.
Speakers include:
Steve Verdier, Senior Vice President and Director of Congressional Relations Group for the Independent Community Bankers of America
Houman Shadab, Senior Research Fellow, Mercatus Center Regulatory Studies Program
Michael Borden, Office of Congressman Jim Leach
Moderated by: Gavin Young, Counsel for the Senate Judiciary Committee.
Insider Trading Symposium
January 27, 2007
Click here to register for this event
Speakers Include:
SEC Commissioner Kathleen L. Casey. Commissioner Casey was appointed by President George W. Bush to the U.S. Securities and Exchange Commission and sworn in on July 17, 2006. Prior to being appointed Commissioner, Ms. Casey spent 13 years on Capitol Hill. Before her appointment as Commissioner, she served as Staff Director and Counsel of the Senate Banking, Housing, and Urban Affairs Committee. From 1996-2003, Commissioner Casey served as Legislative Director and Chief of Staff, respectively, for Senator Richard Shelby (R-AL). From 1994-1996, Ms. Casey served as Staff Director of the Subcommittee on Financial Institutions and Regulatory Relief, Senate Banking Committee. Commissioner Casey received her J.D. from George Mason University School of Law in 1993. She received her B.A. in International Politics from Pennsylvania State University in 1988.
Henry J. Manne, Dean Emeritus, George Mason University School of Law. Dean Manne has been recognized by his peers as one of the four founders of the field of Law and Economics. Dean Manne has published many books and articles, with emphasis on law and economics, the free market, and securities regulation. His development of the theory of a "market for corporate control" is credited with opening the entire field of corporate law to economic analysis, and his 1966 book, "Insider Trading and the Stock Market," began, and still heavily influences, the vast literature on that subject.
Professor Nejat Seyhun, Jerome B. & Eilene M. York Professor of Business Administration; Professor of Finance at the University of Michigan School of Business. Dr. Seyhun's current research activity focuses on the risk-return trade-off in asset prices, intra-day impact of insider trading, long-run performance of IPOs, managerial overconfidence, Chinese walls and conflicts of interests in securities firms.
Professor Fred S. McChesney, James B. Haddad Professor of Law at Northwestern University School of Law. Professor McChesney is a leader in empirical work from an economic perspective, whose primary scholarly interests are in the area of business and antitrust law and their intersection with economic theory. Prior to commencing his academic career, Professor McChesney served as Associate Director for Policy and Evaluation at the Federal Trade Commission.
Professor Darren Roulstone, Associate Professor of Accounting at the University of Chicago School of Business. Professor Roulstone?s research focuses on capital markets research on insider trading, analysts' forecasts, and corporate equity transactions.
Professor Robin Hanson, Assistant Professor of Economics at George Mason University. Professor Hanson received his Ph.D in 1997 from the California Institute of Technology. He joined George Mason's economics faculty in 1999 after completing a two year post-doc at U.C. Berkley. Professor Hanson?s major fields of interest include health policy, regulation, and formal political theory.
Professor David Haddock, Professor of Law and Economics, Northwestern University. Professor Haddock specializes in law and economics and has written numerous articles for books and professional journals.
Professor Alexandre Padilla, Assistant Professor of Economics Metropolitan State College of Denver. Professor Padilla earned his Ph.D. in Economics at University of Law, Economics, and Science of Aix-Marseille III, Faculté d'Economie Appliquée, Aix-en-Provence (France), and has written extensively on the subject of insider trading.
Pricing:
Private Practitioners - $250
Government Employees ? $100
Academics ? $100
Students - $25
CLE Credit: Attendees will receive 6 CLE credits.
Click here to register for this event
Music performed by Two Violins and licensed under Creative Commons Attribution-NonCommercial 2.0.
Insider Trading Symposium
January 27, 2007
Click here to register for this event
Speakers Include:
SEC Commissioner Kathleen L. Casey. Commissioner Casey was appointed by President George W. Bush to the U.S. Securities and Exchange Commission and sworn in on July 17, 2006. Prior to being appointed Commissioner, Ms. Casey spent 13 years on Capitol Hill. Before her appointment as Commissioner, she served as Staff Director and Counsel of the Senate Banking, Housing, and Urban Affairs Committee. From 1996-2003, Commissioner Casey served as Legislative Director and Chief of Staff, respectively, for Senator Richard Shelby (R-AL). From 1994-1996, Ms. Casey served as Staff Director of the Subcommittee on Financial Institutions and Regulatory Relief, Senate Banking Committee. Commissioner Casey received her J.D. from George Mason University School of Law in 1993. She received her B.A. in International Politics from Pennsylvania State University in 1988.
Henry J. Manne, Dean Emeritus, George Mason University School of Law. Dean Manne has been recognized by his peers as one of the four founders of the field of Law and Economics. Dean Manne has published many books and articles, with emphasis on law and economics, the free market, and securities regulation. His development of the theory of a "market for corporate control" is credited with opening the entire field of corporate law to economic analysis, and his 1966 book, "Insider Trading and the Stock Market," began, and still heavily influences, the vast literature on that subject.
Professor Nejat Seyhun, Jerome B. & Eilene M. York Professor of Business Administration; Professor of Finance at the University of Michigan School of Business. Dr. Seyhun's current research activity focuses on the risk-return trade-off in asset prices, intra-day impact of insider trading, long-run performance of IPOs, managerial overconfidence, Chinese walls and conflicts of interests in securities firms.
Professor Fred S. McChesney, James B. Haddad Professor of Law at Northwestern University School of Law. Professor McChesney is a leader in empirical work from an economic perspective, whose primary scholarly interests are in the area of business and antitrust law and their intersection with economic theory. Prior to commencing his academic career, Professor McChesney served as Associate Director for Policy and Evaluation at the Federal Trade Commission.
Professor Darren Roulstone, Associate Professor of Accounting at the University of Chicago School of Business. Professor Roulstone?s research focuses on capital markets research on insider trading, analysts' forecasts, and corporate equity transactions.
Professor Robin Hanson, Assistant Professor of Economics at George Mason University. Professor Hanson received his Ph.D in 1997 from the California Institute of Technology. He joined George Mason's economics faculty in 1999 after completing a two year post-doc at U.C. Berkley. Professor Hanson?s major fields of interest include health policy, regulation, and formal political theory.
Professor David Haddock, Professor of Law and Economics, Northwestern University. Professor Haddock specializes in law and economics and has written numerous articles for books and professional journals.
Professor Alexandre Padilla, Assistant Professor of Economics Metropolitan State College of Denver. Professor Padilla earned his Ph.D. in Economics at University of Law, Economics, and Science of Aix-Marseille III, Faculté d'Economie Appliquée, Aix-en-Provence (France), and has written extensively on the subject of insider trading.
Pricing:
Private Practitioners - $250
Government Employees ? $100
Academics ? $100
Students - $25
CLE Credit: Attendees will receive 6 CLE credits.
Click here to register for this event
Music performed by Two Violins and licensed under Creative Commons Attribution-NonCommercial 2.0.
Will Federal Banking Regulations Force Online Casinos to Fold?
Until recently, online casinos operated outside of the reach of the United States Government. Now, in an innovative effort at law making, Congress has charged banks and other financial institutions with preventing the operation of online casinos in the US market. By requiring banks to shun transactions from gambling sites, Congress hopes to cut off the interaction between sites and their customers on US soil. Whether this will be successful is unknown. This discussion will explore what the new regulations will do to both the banking and gaming industries. More importantly it will examine whether this is an appropriate and acceptable form of law enforcement. Will this law overburden banks by making them the agents of the federal government, or will it be an easy to incorporate standard that will make banks more secure? Should online gambling be outright prohibited in the United States or should Congress merely regulate and tax this activity? These and many other questions will be explored during the lecture.
Speakers include:
Steve Verdier, Senior Vice President and Director of Congressional Relations Group for the Independent Community Bankers of America
Houman Shadab, Senior Research Fellow, Mercatus Center Regulatory Studies Program
Michael Borden, Office of Congressman Jim Leach
Moderated by: Gavin Young, Counsel for the Senate Judiciary Committee.
Music performed by Two Violins and licensed under Creative Commons Attribution-NonCommercial 2.0.
Will Federal Banking Regulations Force Online Casinos to Fold?
Until recently, online casinos operated outside of the reach of the United States Government. Now, in an innovative effort at law making, Congress has charged banks and other financial institutions with preventing the operation of online casinos in the US market. By requiring banks to shun transactions from gambling sites, Congress hopes to cut off the interaction between sites and their customers on US soil. Whether this will be successful is unknown. This discussion will explore what the new regulations will do to both the banking and gaming industries. More importantly it will examine whether this is an appropriate and acceptable form of law enforcement. Will this law overburden banks by making them the agents of the federal government, or will it be an easy to incorporate standard that will make banks more secure? Should online gambling be outright prohibited in the United States or should Congress merely regulate and tax this activity? These and many other questions will be explored during the lecture.
Speakers include:
Steve Verdier, Senior Vice President and Director of Congressional Relations Group for the Independent Community Bankers of America
Houman Shadab, Senior Research Fellow, Mercatus Center Regulatory Studies Program
Michael Borden, Office of Congressman Jim Leach
Moderated by: Gavin Young, Counsel for the Senate Judiciary Committee.
Music performed by Two Violins and licensed under Creative Commons Attribution-NonCommercial 2.0.
Will Federal Banking Regulations Force Online Casinos to Fold?
Until recently, online casinos operated outside of the reach of the United States Government. Now, in an innovative effort at law making, Congress has charged banks and other financial institutions with preventing the operation of online casinos in the US market. By requiring banks to shun transactions from gambling sites, Congress hopes to cut off the interaction between sites and their customers on US soil. Whether this will be successful is unknown. This discussion will explore what the new regulations will do to both the banking and gaming industries. More importantly it will examine whether this is an appropriate and acceptable form of law enforcement. Will this law overburden banks by making them the agents of the federal government, or will it be an easy to incorporate standard that will make banks more secure? Should online gambling be outright prohibited in the United States or should Congress merely regulate and tax this activity? These and many other questions will be explored during the lecture.
Speakers include:
Steve Verdier, Senior Vice President and Director of Congressional Relations Group for the Independent Community Bankers of America
Houman Shadab, Senior Research Fellow, Mercatus Center Regulatory Studies Program
Michael Borden, Office of Congressman Jim Leach
Moderated by: Gavin Young, Counsel for the Senate Judiciary Committee.
