Securities markets have been playing an increasingly important role financing domestic production systems. Nevertheless, if a market develops and a government plans to regulate it, our first task is to discuss the basic principles behind this new branch of Law called Securities Law, the new institutions that arise and determine what securities have become, as well as public distribution, market manipulation, insider trading and other matters so we can gauge the utility of these securities, their limitations and the obligations created by issuing them. We will also discuss what connections might exist with established branches of the Law such as the Law of Obligations, Administrative Law, Company Law, etc. This is the first step we have to take to determine the scope and limits on a State s power to police issuing agents, intermediaries and the buyers and sellers of securities and describe the landscape where the resulting arrangements and obligations are created and extinguished without state interference. To put it simply, we need to outline the broad strokes of Securities Law. Marca: Não Informado