James Goold Cutler Professor of Law, The College of William & Mary.
Author of Securities Fraud, Recidivism, and Deterrence.1 113 Penn St. L. Rev. 189.
From the Author:
1 Thanks to attendees at the Law & Society Association 2006 annual meeting, especially Tamar Frankel, Maggie Sachs, Lisa Nicholson, and Usha Rodrigues, for their thoughtful comments on an early draft of this paper. Thanks also to John Tucker, Joan Heminway, and Neal Shover for their suggestions on subsequent drafts. Thanks to two sources within the SEC’s Enforcement Division who provided useful background information. William & Mary students Melissa Gainey, Amy Ginger, Chris Toepp, Brent Dougal, and Kimberly Wilson, all contributed research and ideas to this project. This project benefited from summer research support from The College of William & Mary.