In attempting to understand the effectiveness of the Security and Exchange Commission's ("SEC") Memoranda of Understanding ("MOU"), this Note proceeds in three parts. Part I examines the structure of the global marketplace and evaluates the prospects for cooperation. Part II looks at the U.S. court system's approach to extraterritorial jurisdiction and reviews some representative MOUs. Part III concludes that MOUs are primed for success as an information exchange framework, though an evaluation of their effectiveness should be carried out by the SEC or another body with access to confidential files obtained from foreign regulators.
Eduard H. Cadmus,
Revisiting the SEC's Memoranda of Understanding: A Fresh Look,
33 Fordham Int'l L.J. 1800
Available at: http://ir.lawnet.fordham.edu/ilj/vol33/iss6/6