Robert Bartlett and Steven Davidoff Solomon cited by Bloomberg BNA, Feb. 15, 2017
What can the SEC do on its own without congressional action? That is an “enormously complicated question,” said Robert Bartlett. … At a minimum, the SEC should “consider the effects on small business capital formation when it encourages funds to be more systematic in their liquidity risk management.”
Bartlett … and University of California, Berkeley, law professor Steven Davidoff Solomon co-authored a September 2016 paper that found that since 1998—when the Asian financial crisis and other events spurred a flight to liquidity—the largest mutual funds have invested in fewer smaller IPOs.