Law School to Study U.S., State Securities

The Law School will begin a study of ways to standardize state regulations of public securities and to coordinate them with existing federal legislation, Dean Griswold announced.

Louis Loss, a professor at the Law School and former Associate General Counsel of the Securities and Exchange Commission, will direct the study. A grant from the Merrill Foundation for Advancement of Financial Knowledge has made the project possible.

Griswold said that the study is being launched "to cope with a series of federal acts and a hodge-podge of state acts, uncoordinated with the federal legislation and lacking any significant measure of uniformity."