Copyright (c) 2012 All rights reserved. http://works.bepress.com/amy_aiq Recent documents in Amy Wall en-us Thu, 22 Nov 2012 22:02:55 PST 3600 http://works.bepress.com/amy_aiq/1 http://works.bepress.com/amy_aiq/1 Thu, 10 Mar 2011 10:20:15 PST This paper compares international securities regulation through the lens of a structural and historical analysis. The regulatory, principled and normative reputational models of securities regulation as exemplified by the U.S., U.K. and China are discussed. A discussion of the foundations of securities markets lays the groundwork for understanding different underlying purposes of securities regulation. The paper follows the development of securities markets from the roots of the 17th century European trading companies, through the statist polices that created the bond markets, to the transatlantic crossing and the development of the investment banking system and creation of governmental agencies enforcing securities laws. Against this backdrop, the paper discusses the characteristics of the enforcement securities regulation system of the U.S., the principled approach as exemplified by the U.K. and the normative reputational system of securities regulation as is practiced by China. Thus, by understanding the differing purposes and structures of securities regulation and by not assuming that all securities regulatory systems aim to provide similar types of investor protection, a fuller comparative understanding of the varieties of securities regulation is gained.

]]> Amy Aiq Comparative Law Securities Law