Professor Andrew Verstein presents keynote speeches at the University of International Business and Economics in Beijing
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Foreign Economic and Trade University Law School
June 2, 2015
Professor Andrew Verstein spoke at the University of International Business and Economics (UIBE) located in Beijing Chaoyang District in China on Thursday, May 21, 2015. Verstein also met with the University faculty to deepen cooperation between the two schools in the future.
Verstein gave the keynote speech on U.S. crowd-funding and P2P lending regarding individuals and start-up company investments. Verstein spoke about equity-based crowdfunding and debt-based P2P lending, and how the two can be discussed simultaneously in the small public fundraising background. He also detailed technological development, the financial crisis, the concept of fairness, the wisdom of crowds, traditional investment process and financing difficulties in this area.
He also introduced the American legal system gaps of fundraising. For example, the U.S. Securities Act of 1933 become a huge barrier to private P2P lending beginning in 2008. In addition, the “start-up Promotion Act” (Jumpstart Our Business Startups Act, JOBS Act), offers great convenience for only certain investments to avoid the strict regulation of state laws. Verstein also analyzed the possible reasons behind such restrictive legislation.
During his speech, the President Danjing Xia, teachers and students heard how investors can avoid legal risks, the Sino-U.S. differences on specific issues in the legal system, legislation and how other issues may affect future interactions and exchanges.
Professor Verstein’s recent research, forthcoming in the Virginia Law Review, focuses on insider trading in commodities markets. He has also written and spoken widely on crowd funding and person to person lending, market manipulation, and nature of financial benchmarks and indices such as Libor. Professor Verstein frequently discusses financial law topics in the media, such as on CNBC’s Squawk Box and Worldwide Exchange, and BBC’s World Report, and in Bloomberg and the Wall Street Journal.
View his faculty profile.
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(Text / Xiaowen, photography / Yangya Jie)