In light of increased criticism of the proposed Federal Securities Code, the authors, as securities practitioners, adopt a favorable outlook towards the codification effort. While acknowledging that further changes may be necessary in the bid to get congressional approval, it is submitted that the Code has succeeded in its attempt to bring order to the confusing mass of existing statutory and administrative law. To illustrate their conclusion, the authors offer an extensive analysis of the limited offering and tender offer sections of the Code with several salient insights into their advantages over existing law.
Robert Todd Lang and Gerald S. Backman,
The Federal Securities Code in Flux: Limited Offerings and Tender Offers,
33 U. Miami L. Rev.
Available at: https://repository.law.miami.edu/umlr/vol33/iss5/9