The securities bar may be aghast at the SEC's proposed rules for lawyer conduct, but leading law professors applaud the agency's decisive stance. In fact, following the ABA's refusal to adopt tougher ethics codes last spring, academics engineered the push to get securities regulators to adopt a uniform code to replace state systems, which one professor called inefficient and rife with conflicts.
Law Professors Led Fight for New SEC Rules
December 6, 2002
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