Preface; Dictionary; List of Abbreviations; Contents; Chapter 1: Introduction: Promoting Information; 1.1 Background and Motivation; 1.2 The Broad Issues of Disclosure; 1.2.1 The Importance of Disclosure in Financial Markets; 1.2.2 The Regulation of Financial Markets; 1.2.3 Why Is Failed Disclosure Unfair to Stakeholders, Investors, Shareholders, Governments, Regulators?; 1.2.4 Three Problems of Information Disclosure; 1.2.4.1 Cost of Disclosure; 1.2.4.2 Conflict of Interest; 1.2.4.3 How to Promote Information; 1.3 Research Question and Objectives of This Book; 1.4 Outline

1.4.1 Chapter 1: Introduction
Promoting Information1.4.2 Chapter 2: Disclosure of Financial and Non-financial Information in the Marketplace; 1.4.3 Chapter 3: How Should Financial Markets Be Regulated to Ensure That Information Is Provided?; 1.4.4 Chapter 4: Promoting Information Under Broker/Client Rules at Common Law and in Equity; 1.4.5 Chapter 5: The Failure of Industry Licensing to Keep the Market Informed
Obligation to Provide Financial Services `Eff...; 1.4.6 Chapter 6: The Ability of the Commission to Achieve Disclosure in Financial Markets

1.4.7 Chapter 7: Stock Exchanges and the Promotion of Information1.4.8 Chapter 8: Towards Principles-Based Regulation; 1.5 Solutions and Recommendations; References; Chapter 2: Disclosure of Financial and Non-financial Information in the Marketplace; 2.1 Why Disclosure? Disclosure of Financial and Non-financial Information; 2.1.1 The Implications of Information Asymmetries; 2.1.2 The Philosophy and Purposes of Promoting Information in the Marketplace (Disclosure); 2.1.3 Efficient Capital Market Hypothesis (ECMH Disclosure); 2.1.4 Implications; 2.2 Voluntary Disclosure

2.3 Mandatory Disclosure as a Response to the Failure of the Market to Provide Information2.3.1 Introduction; 2.3.1.1 Definition of Mandatory Disclosure; 2.3.2 In Support of Mandatory Disclosure; 2.3.2.1 Mandatory Disclosure Promotes Investor Confidence; 2.3.2.2 Mandatory Disclosure Promotes Allocational Efficiency; 2.3.2.3 Mandatory Disclosure Discourages Fraud and Misrepresentations; 2.3.2.4 Mandatory Disclosure Promotes Accountability; 2.3.2.5 Empirical Evidence; 2.4 Mandatory Continuous Disclosure; 2.5 Three Problems with Mandatory Disclosure

2.5.1 The First Problem of Mandatory Disclosure: Information Is Not Cost Free2.5.2 The Second Problem of Mandatory Disclosure: Conflict of Interest; 2.5.2.1 Input into New Laws; 2.5.2.2 Conflicts of Interest on Disclosure: Agency Costs; 2.5.2.3 Differential Disclosure: Beaver; 2.5.3 The Third Problem of Mandatory Disclosure: How to Promote Information and Facilitate Disclosure?; Conclusion; References; Chapter 3: How Should Financial Markets Be Regulated to Ensure That Information Is Provided?; 3.1 Introduction