Fall 2019 Course Schedule

Securities Regulation (LAW-612-001)
Michael Messersmith

Meets: 06:00 PM - 08:50 PM (Th) - Warren - Room N101

Enrolled: 24 / Limit: 40

Administrator Access


There are no notices at this time.


This course examines key issues under the federal securities laws with respect to the domestic and international offer and sale of securities. We study the public offering process (with an emphasis on initial public offerings), private offerings, secondary market transactions, investment banking and underwriting, the structure and operation of the capital markets, disclosure obligations of public companies, and liabilities and sanctions for securities fraud, market manipulation, and insider trading. 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, opaque and secretive trading markets, financial innovation and derivatives, high-frequency trading, recent high-profile IPOs, the dramatic rise in secondary market trading in pre-IPO shares of so-called “unicorns,” and the role of hedge funds and arbitrage in market efficiency and price discovery. 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 capital raising process. An understanding of the securities laws is critical for anyone interested in pursuing a corporate or business practice.

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

Not available at this time.