Tuesday, March 15
5:00 – 7:00 pm
Reception to follow
250 Joralemon Street
RSVP online by March 8.
About the Lecture
Modern securities markets move at record speed. Trading decisions are faster than ever. Average investors can immediately acquire information. Rapid technologies have benefits, particularly reduced costs. But fast-moving markets also can be dangerous. Few people had time to think carefully during the financial crisis of 2008 or the “flash crash” of May 6, 2010, when stocks plunged 5-6 percent in minutes and then rebounded almost as quickly.
What are the consequences of this speed for securities markets? This lecture will address whether securities regulation should take into account the speed of decision making. It will discuss recent scholarly research on snap decisions and suggest legal reforms, some designed to harness the power of quick decisions and others directed at their dangers.
George E. Barrett Professor of Law and Finance
University of San Diego School of Law
Frank Partnoy is the George E. Barrett Professor of Law and Finance and the co-director of the Center for Corporate and Securities Law at the University of San Diego School of Law, where he has taught since 1997. Professor Partnoy is one of the world’s leading experts on the complexity of modern finance and financial market regulation. He worked as a derivatives structurer during the mid-1990s and wrote F.I.A.S.C.O.: Blood in the Water on Wall Street, a best-selling book about his experiences there. He has published more than two dozen scholarly articles in academic journals, most recently in the University of Chicago Law Review, the University of Pennsylvania Law Review, and the Journal of Finance. His most recent book is The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals, about the1920s markets and the father of modern financial schemes. His next book, Wait, will examine snap decision making.
Professor Partnoy writes regularly for The New York Times and the Financial Times, and has appeared on numerous media programs, including 60 Minutes, The News Hour, and The Daily Show with Jon Stewart. He has degrees in mathematics and economics from the University of Kansas, and a J.D. from Yale Law School.
Professor of Law and Law Fund Research Scholar, Boston College Law School
Kristin N. Johnson
Associate Professor of Law, Seton Hall University School of Law
James A. Fanto
Professor of Law, Brooklyn Law School
The Pomerantz Lecture honors the life and work of Abraham L. Pomerantz, a 1924 graduate of Brooklyn Law School. The lecture series focuses on topics of corporate securities law and related issues of professional responsibility. The law firm of Pomerantz Haudek Grossman & Gross LLP, of which Abraham Pomerantz was the founding partner, provides continuing support for this series.