Linden Lab Official:Policy on Resident-Run L$ Financial Services and Securities

This article is part of the Extended Second Life Knowledge Base that includes advanced and specialized information. This information was originally provided by Linden Lab, but is not actively maintained nor guaranteed to be accurate. Linden Lab does not certify nor assume any responsibility for this information.

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Linden Lab has noted the appearance of resident enterprises that are similar to investment funds, stock offerings, and banking services. We applaud the continued innovation and entrepreneurship of our community, and we think that many of these services can provide great benefits to Second Life. Because some of these matters seem similar to real-world activities that are heavily regulated, we are often asked what Linden Lab can do to ensure that the services operate as promised and in compliance with applicable laws. As with any resident-run enterprise, please keep in mind that Linden Lab does not own, operate or insure these services. As with any transaction among residents, Linden Lab has limited responsibility and ability to resolve disputes.

Our Roman friends used to say: Caveat Emptor. That's certainly a good principle to keep in mind. It's also good to remember that Second Life is based on creativity and innovation, and community and collective action. We hope that educated skepticism and buyer demand will lead to trusted institutions that can provide many of the benefits of a regulated system.