MSU Law Professor Researches Regional Stock Exchanges

MSU Law Associate Clinical Professor of Law Anne Choike took to the road to present her preliminary research on the topic of leveling the playing field for all market participants. Professor Choike stopped at law colleges to highlight the history and possibility of trading venues that equitably support local entrepreneurship and innovation.

Professor Choike

Her recent tour included two stops to present “The Old Stock Market: Should Regional Exchanges Be Revived?”. Starting at University of Michigan Law School on October 9, 2023, Professor Choike was invited to speak at a business law luncheon. She also presented on October 13, 2023, at an invitation-only conference jointly hosted by Fordham Law and Columbia Law “Celebrating the Enduring Influence of Zohar Goshen and Gideon Parchomovsky’s seminal article The Essential Role of Securities Regulation.” In addition to presenting her research on regional stock markets, Professor Choike also presented her paper, Local Corporate Law, at the Chicagoland Junior Scholar Conference on October 6, 2023, and the invitation-only State and Local Government Works-in-Progress Conference hosted at Northwestern Law on October 14, 2023.

Professor Choike’s scholarly focus is on how transactional law impacts underserved people and communities. In addition to her research, she also enables underserved entrepreneurs and innovators to receive free transactional legal services from upper-level law students under faculty supervision in her role as the founding Director of the Equitable Entrepreneurship & Innovation Clinic.

The mission of the Clinic is to support “Michigan’s underserved, high-impact entrepreneurial organizations who transform the marketplace and society more broadly with their innovations and creations.” Professor Choike advocates for more business tools that equitably and sustainably position entrepreneurs for success, including consideration of resurrecting regional exchanges. Her research on regional stock exchanges explores the historical role of regional stock exchanges, and whether reviving regional stock exchanges could benefit companies too small to register on a national exchange, like the New York Stock Exchange or NASDAQ.