Essay

Overtaking Mutual Funds: The Hidden Rise and Risk of Collective Investment Trusts

The retirement security of American workers is increasingly linked to the collective investment trust (CIT), a century-old bank product whose dramatic growth has been largely overlooked. As CITs replace mutual funds in retirement plans, this Essay explores the trade-offs associated with CITs as inve…

Note

A Free Pass for Foreign Firms? An Assessment of SEC and Private Enforcement Against Foreign Issuers

119 Yale L.J. 1638 (2010). 

While proponents of the bonding hypothesis have posited that foreign firms crosslist in the United States to signal compliance with the strict U.S. corporate governance regime, these scholars have taken the enforcement of U.S. securities laws largely for granted. This No…