The Goal of SEC Regulations

In the opening keynote address on June 20, 2010 at the Stanford Directors’ College at Stanford Law School in Palo Alto, California, SEC Chair Mary Schapiro discussed the SEC’s "singular" mandate to address the needs of investors, noting the increasing challenges involved in "making sure the markets are fair and efficient."

這是在別人部落格（The D＆O diary）裡面看到的。其實，引號裡面的說法挺有趣的。關於證券法的目標「保障投資人」與「促進公平有效率的市場」，到底是平行的目的、互補、或互斥？假如不相容，那到底哪一個應該是優先的？