Fall 2021 Course Schedule

Securities Regulation (LAW-612-001)
Michael Grimes, William Ney

Meets: 06:00 PM - 08:50 PM (W) - Yuma - Room Y115

Enrolled: 24 / Limit: 30

Administrator Access


There are no notices at this time.


N/A. Please contact the instructor for further information.

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.

Marc I. Steinberg, Securities Regulation, 7th Edition. All reading is in Steinberg unless otherwise noted;

Grimes/Ney Supplement (“Supp.”) posted on MyWCL;

Any current book or website with the Securities Act of 1933 and the Securities Exchange Act of 1934. Westlaw and Lexis Advance can be used. We will be using Federal Securities Laws, Selected Statutes, Rules and Forms, 2020-2021 Edition (J. Coffee, H. Sale, C. Whitehead, Foundation Press) (“Statutory Supp.”), and your exam will have the statutes copied from this book.

You are required to read the applicable statutory sections and their rules in connection with each assignment.

First Class Readings

I. Introduction to Securities Regulation

  1. §1.01: Overview (pp. 3-5 (up to “Turning to state…”)).
  2. §1.02: A Look at the SEC (pp. 16 (bottom: “The Laws That Govern…”) – 19 (bottom)).
  3. §1.03: Reminiscing the SEC Years (pp. 19-26 (up to §1.04)).
  4. §5.03A: The Mandatory Disclosure Debate (pp. 275-277).

Recommended Reading

Interim Report of the Committee on Capital Markets Regulation (Supplement pp. 1-12).

II. Definition of a “Security” and a “Sale”

  1. §2.01: Introduction (p. 37), skip Wartzman.
  2. §2.02: The Meaning of “Investment Contract” (pp. 41-73 (bottom)).


Use your MyAU username and password to access the syllabus in the following format(s):