Hedging Bets: Financial Services Regulation and the Economy

Feb 06, 2009


Room 331, Florida State University College of Law
Tallahassee, FL

FL CLE Hours: 1.50

While the public and policymakers are understandably stunned by the allegations of fraud by Bernard Madoff, investor and former chairman of the NASDAQ stock exchange, the latter need to make sure to draw the right lessons from this scandal. The regulatory and legal responses are likely to play a significant role in the economic recovery not only for Florida but also for the nation. 

Many view the Madoff scandal as evidence of a failure to regulate, especially in the hedge fund industry.  In this CLE approved course, recognized expert in hedge fund and financial regulation, Houman Shadab, senior research fellow at the Mercatus Center at George Mason University, will provide a thorough insight into a segment of the financial market that is often misunderstood and explore implications of greater hedge fund regulations as well as the role courts of law can play in oversight and accountability. 

Dino Falaschetti, Associate Professor of Law and Economics at Florida State University College of Law will then discuss the different ways federal and state regulation affect economic performance.

Course participants will leave with an economic framework in which to analyze the following questions:

  • How does state law apply to hedge funds and their managers and what is its relationship to federal law?
  • What new financial services regulations are on the horizon and how likely are they to address the problems in the financial sector?
  • What role do and should courts of law play in the financial markets?  In economic performance? 

If you are having trouble registering online, or have any questions regarding this upcoming program,  please contact to Jeff Noble at jnoble1@gmu.edu or 703.896.6989.

Lunch will be provided.


Outline and Detailed Time Schedule:

12:00-12:10 -- Introduction

12:10-12:50 -- Financial Services Regulations - Mr. Houman Shadab

12:50-1:10 -- Implications for the Economy - Dr. Dino Falaschetti

1:10-1:30 -- Q&A and closing remarks by the presenters.



Speaker Credentials

Mr. Houman Shadab -- Houman B. Shadab is a senior research fellow in the Mercatus Center's Regulatory Studies Program and a member of the Center's Financial Markets Working Group. His work focuses primarily on financial markets and securities regulation. Mr. Shadab earned a BA in economics with High Honors from the University of California at Berkeley and a JD from the University of Southern California School of Law where he served as the Executive Editor of the Southern California Law Review from 2001-2002.

Dr. Dino Falaschetti -- Dino Falaschetti is an empirical economist whose scholarship has concentrated on corporate governance, with special emphasis on executive compensation and the relationship between auditor independence and earnings quality. He is a Campbell National Fellow at Stanford University's Hoover Institution. Dr. Falaschetti previously served the Executive Office of the President as a Senior Economist for the Council of Economic Advisers (with responsibilities for regulation and financial services) and held academic appointments at Montana State University, University of California at Berkeley, University of Tennessee, and Washington University in St. Louis.  Dr. Falaschetti has been published in the Journal of Law, Economics, and Organizations, Journal of Competition Law and Economics, and the Review of Banking and Financial Law (Boston University School of Law).  He teaches law courses on corporate finance, corporations, insurance law and economics, and regulation.