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LAW-2350 Securities Regulation
Prof. Joseph Franco,
3 credits day; 3 credits evening.
This course provides an introduction to the federal securities laws, with particular attention
focused on the registration, disclosure and liability provisions of the Securities Act of 1933 and
the anti-fraud and the private securities litigation provisions of the Securities Exchange Act of
1934. The role of the Securities and Exchange Commission in administering and enforcing the
federal securities laws is emphasized in the course. The course also provides an introduction to
securities markets and the different roles and business motivation of issuers, investors and
securities market participants.
Faculty comments
: Professor Franco's section of the course is designed to give students a broad
survey and introduce students to two central concepts: prevention of fraud and the regulation of
capital raising activities. The teaching style is primarily lecture-based with class participation
strongly encouraged. Grading will be based on a two-part final exam (a take-home essay and an
exam period multiple-choice test). Class participation is not graded and there is one mandatory
ungraded exercise involving the internet and securities filings. The course does not address
broker-dealer regulation, proxy regulation, international securities offerings, or tender offer
regulation. When feasible, a guest speaker will typically lecture on an actual securities offering
and the role of lawyers in that process.
Prerequisite: Corporations
Elective Course
Meets Base Menu Requirement
Meets Financial Services Concentration Requirements
<<Course Updated: March 15, 2016>>