Securities Law – Part II: Advanced study of securities regulations and compliance.

Securities Law – Part II: Advanced study of securities regulations and compliance.

Week 1: Securities Exchange Act of 1934, trading, and reporting requirements

1. Day 1: Introduction to the Securities Exchange Act of 1934: scope and principles
2. Day 2: Registration of exchanges, brokers, and dealers under the 1934 Act
3. Day 3: Trading and reporting requirements: insider trading, tender offer rules
4. Day 4: Proxy rules and shareholder voting rights under the 1934 Act
5. Day 5: Case study analysis of trading and reporting issues

Week 2: Securities fraud and insider trading

1. Day 1: Understanding securities fraud: manipulation, false statements, scams
2. Day 2: Insider trading law and policy: definition, penalties
3. Day 3: Defenses and exemptions in securities fraud and insider trading cases
4. Day 4: Case study analysis of securities fraud and insider trading cases
5. Day 5: Review and wrap-up

Week 3: Compliance procedures and regulatory enforcement

1. Day 1: Understanding compliance procedures: policies, surveillance, training
2. Day 2: Regulatory enforcement: SEC enforcement actions, private securities litigation
3. Day 3: SEC administrative proceedings and civil actions
4. Day 4: Criminal enforcement of securities laws: role of DOJ, criminal offenses, penalties
5. Day 5: Case study analysis of regulatory enforcement actions

Week 4: Advanced topics – Investment Company Act of 1940, Investment Advisers Act of 1940

1. Day 1: Introduction to the Investment Company Act of 1940: types of investment companies, registration, operation
2. Day 2: Investment Advisers Act of 1940: definition of investment adviser, registration, fiduciary duties
3. Day 3: Compliance and enforcement under the 1940 Acts
4. Day 4: Case study analysis of issues under the 1940 Acts
5. Day 5: Review and wrap-up