Enhancing Accountability in Securities Enforcement (18 June 2015)

The CUHK Faculty of Law’s Centre for Financial Regulation and Economic Development and the HKU Faculty of Law’s Asian Institute of International Financial Law invite you to attend:

CFRED and AIIFL Seminar:


Professor Renee Jones
Boston College Law School

Chaired by: Professor Robin Huang, Faculty of Law, CUHK

18 June 2015, Thursday
1:00 – 2:00p.m.
The Warren Chan Moot Court, CUHK Graduate Law Centre, 2/F Bank of America Tower, 12 Harcourt Road, Central

Many commentators have criticized the effectiveness of the Securities and Exchange Commission’s (SEC) enforcement program in the aftermath of the 2008 financial crisis. Some criticize the agency for allowing corporate defendants to settle charges without admitting or denying liability. Others question the impact of astronomical fines levied against too-big-to-fail financial institutions. Still others urge prosecutors to bring criminal charges against those who led the failed financial firms to ruin. This seminar addresses these issues and reviews reform proposals aimed at enhancing the deterrent effect of the federal securities laws. It will focus on an underutilized weapon in the SEC’s arsenal: the power to bar officers and directors of public companies from future service in such roles. After laying out a case for the increased use of bar orders, we will explore potential adjustments to SEC enforcement strategies that would improve the agency’s success rate when seeking bar orders in court.

Professor Renee Jones teaches and writes in the areas of corporate and securities law. Her courses at BC Law include Corporations, Securities Regulation, Corporate Governance and a Financial Regulation Seminar. She received her AB from Princeton University’s Woodrow Wilson School of Public and International Affairs and her J.D. (cum laude) from Harvard Law School. In 2005-2006, she was the Eugene P. Beard Faculty Fellow in Ethics at Harvard University’s Edmund J. Safra Foundation Center for Ethics. Professor Jones is a member of the American Law Institute and a Fellow of the American Bar Foundation. She has also served as the Co-Chair of the Securities Law Committee of the Boston Bar Association. She received the Faculty Award for Inspirational Achievement from the Boston College Law Business & Law Society in 2010.

Professor Jones’s scholarship focuses on corporate governance and the federal-state relationship in corporate regulation. She also writes about the impact of enforcement practices on corporate ethics and integrity. Her most recent article, Toward a Public Enforcement Model for Directors’ Oversight Duties (with Michelle Welsh) (Vanderbilt Journal of Transnational Law) draws lessons from the Australian model of corporate law enforcement. It recommends implementation of a system of public enforcement for fiduciary duties of corporate directors in the United States. Professor Jones has also written several articles on corporate federalism. Her article “Rethinking Corporate Federalism in the Era of Corporate Reform” (Iowa Journal of Corporate Law) was reprinted in Corporate Practice Commentator as one of the top corporate law articles of the year.

Professor Jones is a frequent commentator on corporate law, securities law and the recent financial crisis. She has appeared at conferences at law schools across the country to address corporate and securities law issues. Professor Jones has been selected to present her work at the Annual Meeting of the American Association of Law Schools in 2004, 2007 and 2010.

Among her many professional and community activities, Professor Jones has served as Co-Chair of the Securities Law Committee of the Boston Bar Association. She has also served as a member of the American Bar Association House of Delegates, the editorial board of Human Rights Magazine, and the New England Committee of the NAACP Legal Defense Fund.

Before joining BC Law in 2002, Professor Jones practiced for eight years at the Boston law firm Hill & Barlow where she represented private and public companies on corporate and securities matters.