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Changes to securities laws in the mid-90's "allowed companies to be a little more fast and loose with what they've done," he said.
Horizontal governance disputes have traditionally been limited to privately-held U.S. companies, where they also seem to be on the rise, in part because recent changes to securities laws have encouraged economically significant firms to stay private longer.
That immediately got his audience's attention at the first of the two conferences, on Sept. 17. "Government has just adopted the most extensive changes to securities laws since the 1930's," Mr. Brum said.
But recent changes to securities laws ushered in by the Jumpstart Our Business Startups Act, signed into law in April 2012, will soon make it much easier for the Millers and other new-breed developers to "crowdfund" real estate.
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The statement said there were other changes to security arrangements.
This will clearly require changes to security procedures.
The administrator of the T.S.A., John Pistole, said he would discuss changes to security protocols with Congress.
Any changes to security measures are a matter for the UK government".
An investigative report and recommendations for changes to security or other procedures is due to Congress in December.
Ms. Grisanti said that there had been no changes to security at the state level in response to the warning.
Boat Race organisers are planning changes to security to avoid a repeat of last year's incident when a protester brought the event to a standstill.
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