Broker-Dealer, Investment Adviser & Exchange Regulation (Catalano)
Additional Information
Skills Training
Oral Presentations
Team Projects
Expository Writing
Grading
10% Participation,
90% Paper
No
Class meets in person.
Course Continuity
Students are encouraged to stay home if you are ill or experience flu-like symptoms. If you miss a class for any reason, it is still your responsibility to make up the work missed.
I offer the following to students who miss class due to illness:
- Class sessions are regularly recorded. I will make these recordings routinely available on the course site to everyone in the class.
- I have asked for volunteers in the class who are willing to take and share their notes on a regular basis with others who are absent due to illness or some other unavoidable circumstance.
- If you are absent, due to illness or some other unavoidable circumstance, email me and I can ask for volunteers among your classmates to share their notes with you.
- I will make PowerPoint slides or other class materials routinely available on the course site to everyone in the class.
- When you are better, please make an appointment to meet with me and I will review/answer questions about what you missed.
Meeting Times/Location
R 4:30PM - 6:30PM
Silverman Hall 245A
Category
Seminar
Credits
3.0
Lectures on the structure of the federal securities laws; the operations of brokers, dealers, investment advisers, securities exchanges and other financial intermediaries; the regulation of broker-dealers, investment advisers and exchanges under the Securities Exchange Act of 1934, the Investment Advisers Act of 1940 and other federal statutes, state (blue sky) laws, and self-regulatory organization (SRO) rules; securities trading and markets; investment banking and research; insider trading prevention and supervision; anti-money laundering (AML); information privacy and security; SEC and SRO enforcement. The course focuses primarily on substantive obligations under the federal securities laws. Individual lectures emphasize (1) traditional common law principles underlying statutory requirements, particularly with regard to the functions of brokers, dealers and investment advisers, (2) concepts of federalism, constitutional limitations, and the division of labor created by Congress under the statutes between the SEC, the states and the SROs in formulating and administering legal, professional and ethical standards, and (3) specific policy objectives for investor protection, capital formation and market structure, the legislative reforms made to carry them out, and their intended and unintended consequences. Case studies highlight major developments and progressions in financial regulations.
Business and Corporate Law Learning outcomes: Demonstrate a core understanding of business and corporate law; Perform legal analysis in the context of business and corporate law; Communicate effectively on topics related to business and corporate law; Demonstrate an understanding of the interconnection between the world of business and finance and that of business and corporate law, and how they affect other areas of law and society.
Skills Learning outcomes: Demonstrate an understanding of the individual course skill; Demonstrate the ability to receive and implement feedback; Demonstrate an understanding of how and when the individual course skill is employed in practice.
Administrative and Regulatory Law Learning outcomes: Demonstrate a core understanding of administrative and regulatory law and the administrative process, including the role of statutory authorization and work of administrative agencies; Perform legal analysis in the context of administrative and regulatory law; Communicate effectively on topics related to administrative and regulatory law; Demonstrate an understanding of the role administrative and regulatory law play in our legal system and in society as a whole.