The Challenge of Enforcement in Securities Markets: Mission Impossible?

@article{Carvajal2009TheCO,
  title={The Challenge of Enforcement in Securities Markets: Mission Impossible?},
  author={Ana Fiorella Carvajal and Jennifer E. Elliott},
  journal={Entrepreneurship \& Law eJournal},
  year={2009}
}
Weaknesses in the enforcement of regulation have been targeted by the G-20 as a priority concern for reform. But enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a Ponzi scheme orchestrated by Bernard Madoff went undetected by the U.S. authorities for more than two decades, has once again highlighted the importance of effective enforcement of securities regulation, as well as the challenges that securities regulators… 
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