Copyright (c) 2008 All rights reserved. http://works.bepress.com/caroline_bradley Recent documents in Caroline Bradley en-us Wed, 02 Apr 2008 22:02:47 PDT 3600 http://works.bepress.com/caroline_bradley/2 http://works.bepress.com/caroline_bradley/2 Mon, 14 Jan 2008 04:28:43 PST This article argues that transnational financial transactions create new opportunities for private groups to influence legal and regulatory rules. Whereas the harmonization of financial law that follows from the increasing significance of transnational transactions looks as though it occurs through processes which are public, state-centred and transparent I describe three ways in which private and opaque processes have a significant influence on policy development in the area of financial law. These are private international law-making through private involvement in public rule-making processes, through contracting, and through the actions of private sector regulatory entrepreneurs. Caroline Bradley Administrative Law http://works.bepress.com/caroline_bradley/1 http://works.bepress.com/caroline_bradley/1 Wed, 15 Aug 2007 13:10:53 PDT "IPOs" and "stock exchanges" in virtual worlds such as Second Life raise a number of issues for real world financial regulators as well as for player-inhabitants of virtual worlds and academic researchers who focus on virtual worlds. The paper argues that under current rules some virtual world financial transactions constitute transactions in securities, and are therefore subject to registration requirements and fraud liability under the securities laws. Arguments that this virtual financial activity is only an aspect of the game would risk encouraging fraud. Thus an exemption regime would be desirable to distinguish between game activity with a financial theme and scams. Beyond this technical question the paper raises questions for future research about whether and how virtual world financial activity may affect players' expectations and behavior in real world financial markets. Caroline Bradley Law and Technology Securities Law