Financial law encompasses several legal fields to help ensure fair competition by protecting the financial interests of companies and their investors. 1 min read
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Financial law is a broad category that encompasses several legal fields to help ensure fair competition by protecting the financial interests of companies along with their investors. Antitrust laws, bankruptcy and securities law are a few of the most common legal fields associated with financial law.
Antitrust laws refer to more competition laws that will protect consumers from anticompetitive mergers and business practices. The Federal Trade Commission (FTC) as well a number of private organizations will approve or reject deals they see as bordering anticompetitive practice. On the other hand, bankruptcy law explains the tax consequences and ways to avoid going bankrupt from small to large businesses.
Securities law is mainly tailored to helping publicly traded companies get their financial data to investors and business stakeholders. The Securities Exchange Commission handles the majority of this part of law to make sure companies are complying with specific financial and reporting obligations.
A more recent legal issue relating to finance law that has come into the media spotlight is political donations. The Federal Election Commission administers and enforces the laws related to the financial contributions to a political figure. Recent case law has come down from the Supreme Court as the government attempts to define this ambiguous sector of law.
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