> I see an argument to be made, to the effect that there's plenty of statutory ink on paper detailing rules for how various investment vehicle transactions may

> I see an argument to be made, to the effect that there's plenty of statutory ink on paper detailing rules for how various investment vehicle transactions may be handled. It seems clear to me that perhaps they do have a special space carved out in the legal system, at least in the US. Well, yes, there exist some special legal constructs just for investment purposes--but that by far does not encompass all of the things that you would commonly consider "investments". Most of the legal stuff around investments is regulation of market places and banks, to create a safe environment to do investment transactions in--but that's mostly orthogonal to the actual investment vehicles. Like, you can buy shares of a company in a regulated market place through your bank. But you can also buy shares in a one-on-one transaction from someone you know in cash, without the involvement of any bank or stock exchange. The laws that govern the resulting (co-)ownership are the same, whether you bought the shares this way or that way. And many of the laws are the same that govern the ownership of cars and shoes and bread.