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Canadian Bar Review. Volume 49, Number 1 (1971), p. 80-119.


The implementation and enforcement of American federal securities legislation has wrought major changes in corporate law and practice. Moreover, the American judiciary has been alive to the realities of the corporate world and willing to play an essential part in corporate regulation. Alas, the picture in the Anglo-Canadian corporate world is not so bright. What is needed is a single federal agency. But political and constitutional difficulties make its creation in the near future unlikely.

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