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[4] 即由美国SEC对所有在美国证券市场上发行证券的发行人（包括境内外发行人）进行统一监管的体制。
[5]选择的范围包括美国联邦法、美国50个州的法律和发行人成立国（country of incorporation）的法律。
[6] See Roberta Romano, Empowering Investors: A Market Approach to Securities Regulation, Yale Law Review, Vol.107, No. 5, 1998, pp.2359-2380.
[7] Stephen J. Choi & Andrew T. Guzman, Portable Reciprocity: Rethinking the International Reach of Securities Regulation, California Law Review, Vol.71, 1998, pp.903-923.
[8] 严格来说，监管竞争论较早出现于20世纪90年代初期，只是当时还未引起大规模的争论。See Joel P. Trachtman, International Regulatory Competition, Externalization and Jurisdiction, Harvard International Law Journal, Vol.34,1992; J. William Hicks, The Impact of International Regulatory Competition, Indiana Journal of Global Legal Studies, Vol.29, Spring, 1994.
[9] See Fox, Merritt B., Retaining Mandatory Securities Disclosure: Why Issuer Choice is Not Investor Empowerment, Virginia Law Review, Vol.85, 1999, pp.1335-1352; James D. Cox, Regulatory Duopoly in U.S. Securities Markets, Columbia Law Review, Vol.99, 1999, pp.1200-1232.
[10] See Stephan, Paul B., Regulatory Cooperation and Competition - The Search for Virtue, University of Virginia Law School, Legal Studies Working Paper No. 99-12., finished in June, 1999，at http://ssrn.com/abstract=169213，October 27, 2004; Joel P. Trachtman, Regulatory Competition and Regulatory Cooperation, Journal of International Economic Law, Vol.3, No.2, 2000, pp331-352; Daniel C. Esty and Damien Geradin, Regulatory Co-Opetition，Journal of International Economic Law, Vol.3, No.2,2000,pp.235-256; Alan O. Sykes, Regulatory Competition or Regulatory Harmonisation？A Silly Question, Journal of International Economic Law, Vol.3, No.2, 2000, pp.257-264; Hal S. Scott, Internationalization of Primary Securities Markets, Law & contemporary Problems, Vol.63, 2000, pp.71-95.
[11]
[12] Roberta Romano， The Need for Competition in International Securities Regulation，Theoretical Inquiries in Law，Vol.2, July, 2001, pp.387-501.
[13]See Shyam Sunder, Regulatory Competition Among Accounting Standards Within and Across International Boundaries, Journal of Accounting and Public Policy, Vol. 21, No.3, 2002, pp.219-234.
[14] Frederick Tung, Passports, Private Choice, and Private Interests: Regulatory Competition and Cooperation in Corporate, Securities, and Bankruptcy Law，Chicago Journal of International Law, Vol. 3, Fall 2002； Frederick Tung, From Monopolists to Markets?: A Political Economy of Issuer Choice in International Securities Regulation，Wisconsin Law Review, Vol.2002, 2002； Frederick Tung, Lost in Translation: From U.S. Corporate Charter Competition to Issuer Choice in International Securities Regulation, Loyola-LA Public Law Research Paper No. 2004-8., finished on March 8, 2004, at http://ssrn.com/abstract=515088, October 27, 2004.
[15] See Frederick Tung, From Monopolists to Markets?: A Political Economy of Issuer Choice in International Securities Regulation，Wisconsin Law Review, Vol.2002, 2002, pp.1432-1433.
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