Abstract
According to Coleman, “few sectors of the capitalist economy possess such extensive self-regulatory capacity as capital markets”[1]. Contemporaneity has been marked by growing complexity and uncertainty arising from technological development, which has consequently enabled the development of transnational markets, especially the capital market, where risk and return establish a directly proportional relationship (TEIXEIRA FERRAZ, 2012).
[1]COLEMAN, W. D. Keeping the Shotgun Behind the Door: Governing the Securities Industry in Canada, the United Kingdom, and the United States apud MOREIRA, Vital. Auto-Regulação Profissional e Administração Pública. Coimbra: Livraria Almedina, 1997, p. 86.
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