Securities Regulation

This course provides an overview of the federal securities laws and the work of the Securities and Exchange Commission. The course focuses on two federal statutes: the Securities Act of 1933, which regulates the distribution of securities; and the Securities Exchange Act of 1934, which regulates the markets for the trading of securities. Subjects covered include registration procedures and exemptions, disclosure requirements, the prohibitions against fraud and manipulation, regulation of brokers and dealers, the definition of the term "security" (i.e., the scope of the securities laws), enforcement and civil liability, regulation of tender offers, and professional responsibility of lawyers.

Grading and Method of Evaluation:
Letter grade only. Final exam.