Summary Teaser: Howell E. Jackson revisits George Stigler’s famous 1964 critique of the Securities and Exchange Commission and particularly his critique of the work of SEC lawyer Milton Cohen, who headed the SEC’s Special Study of Securities Markets in the early 1960s. Although time has validated Cohen’s intuitions regarding the value of expanding SEC oversight into over-the-counter markets, Stigler’s call for more careful economic analysis supported by robust empirical justificatio...| ProMarket