On Friday, March 14, 1997, the top academics in the country in securities
regulation and several commentators--Stuart Banner, John C. Coffee, Jr., James
D. Cox, Nicholas Dopuch, Philip Dyburg, Merritt Fox, Ronald King, Donald C.
Langevoort, Ken Lehn, Paul G. Mahoney, Curtis Milhaupt, Gary Miller, Krishna
Palepo, Michael A. Perino, Craig Pirrong, Joel Seligman, Lynn Stout, Robert B.
Thompson, and Commissioner Steven M.H. Wallman--gathered at Washington
University School of Law for a symposium entitled "Markets and Information
Gathering in an Electronic Age: Securities Regulation in the 21st Century" to
discuss the effects of electronic technology on securities regulation. The last
year has seen the emergence of stock trading over the Internet, new efforts to
use electronic technology to bypass underwriters and other traditional
intermediaries in the raising of capital, and growing concern about the
possibilities of fraud in this new forum, including that originating outside
the United States. This issue of the Washington University Law Quarterly
contains some of the papers and commentary delivered at that conference.