Paolo Saguato Cited Extensively in SEC Final Rule on Clearing Agencies

P. Saguato
Paolo Saguato

The Securities and Exchange Commission (SEC) cited Scalia Law Professor Paolo Saguato extensively in its final rule on registered clearing agencies. The SEC adopted the new rules under the Securities Exchange Act of 1934. The rules are designed to improve the governance of clearing agencies by reducing conflicts of interest at the corporate board level.

The SEC cited Professor Saguato’s comments on the proposed rule and several of his scholarly articles, including:

  1. Financial Regulation, Corporate Governance, and the Hidden Costs of Clearinghouses, 82 Ohio St. L.J. 1071, 1074–75 (2022).
  2. The Unfinished Business of Regulating Clearinghouses, 2020 Colum. Bus. L. Rev. 449, 488 (2020).

Professor Saguato teaches Business Associations; Financial Regulation, Derivatives Law and Policy; and International Finance and Regulation at the law school. He recently co-authored a new Business Associations casebook that focuses on providing students with more relatable cases to improve their engagement with the materials. Well-liked by students and colleagues, he was chosen as the faculty speaker at last year’s graduation ceremony.