Securities Regulation (LAW-612-001)
Michael Messersmith
Meets: 06:00 PM - 08:50 PM (Th) - Warren - Room NT07
Enrolled: 29 / Limit: 40
Notices
There are no notices at this time.
Description
This course examines key issues under the federal securities laws with respect to the domestic and international offer of securities and other securities transactions. We study the public offering process (including initial public offerings), private offerings, secondary market transactions, disclosure and reporting obligations of public companies, and potential liabilities and sanctions for violations of the securities laws, including anti-fraud claims under Rule 10b-5 and claims for insider trading and market manipulation. Some attention will be given to recent developments and controversies, including the financial crisis of 2008, deregulatory efforts to simplify and expedite the offering process, financial innovation and the use of derivatives, cryptocurrencies and virtual tokens, vanishing IPO listings, and the dramatic rise in secondary market trading in pre-IPO company shares. A goal of the course is to develop not only an understanding of the regulatory framework that governs the distribution and trading of securities, but also a transactional understanding of the offering process. We explore what securities lawyers actually do – whether representing a high-tech company or an investment bank in an initial public offering or a start-up company raising capital in a private placement, serving as the general counsel of a publicly traded company, representing a party in securities litigation, or working at the SEC.
Textbooks and Other Materials
The textbook information on this page was provided by the instructor. Students should use this information when considering purchases from the AU Campus Store or other vendors. Students may check to determine if books are currently available for purchase online.
First Class Readings
Please read pp. 1-45 of casebook (skim pp. 16-20) and read Memorandum re First-Day Auctions.
Syllabus
Use your MyAU username and password to access the syllabus in the following format(s):
Adobe Acrobat (PDF)