Much of the regulation that we have in the financial markets (and other markets for that matter) predates the Internet. While there has been the occasional patch here and there, too many anachronistic concepts remain that should simply be eliminated entirely. My favorite example is the “quiet period." As even the SEC notes on their own web site, the quiet period isn’t even found in federal securities law. Instead, as this blast-from-the-first-bubble-past article from Wired describes, the quie...

Much of the regulation that we have in the financial markets (and other markets for that matter) predates the Internet. While there has been the occasional patch here and there, too many anachronistic concepts remain that should simply be eliminated entirely. My favorite example is the “quiet period." As even the SEC notes on their own web site, the quiet period isn’t even found in federal securities law. Instead, as this blast-from-the-first-bubble-past article from Wired describes, the quie...