Neither federal nor state laws, nor the rules of the National Association of Securities Dealers have centered on control of the serious matter of highly-inflated first-issue securities offerings. After discussing the factual context from which these "hot issues" arise, this comment digests the various means of dealing with "hot issues" within our current legal framework and suggests revisions of that framework to more effectively curtail the problem.
Securities Regulation: Legislative and Administrative Treatment of the “Hot Issue” Phenomenon,
1968 Duke Law Journal
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