Securities Regulation: Enforcement & Liability
A comprehensive understanding of federal securities regulation for the corporate attorney, as well as for the student aiming for a litigation career, includes a grasp of the implications of failing to comply with the law. This includes claims for civil damages, SEC enforcement actions and DOJ criminal prosecutions. This course addresses the law that pertains to those matters, including securities law class actions. We will cover all aspects of private civil liability and SEC enforcement and many elements of criminal prosecutions under the Securities Act of 1933 and the Securities Exchange Act of 1934. This course is offered each year subject to the minimum enrollment requirement of fifteen students. Prerequisites: None. The casebook contains the necessary background under the federal securities laws for those who have not taken the introductory course in Securities Regulation. An understanding of civil procedure in common law jurisdictions is highly desirable, as most of the course material is cases decided by U.S. federal courts. Teaching Methods: Class Participation, Discussion, Lecture Evaluation Methods: Class Participation, Final Exam (Open Book) Class Materials: Securities Litigation and Enforcement by Donna M. Nagy et al. (3d edition 2012). ISBN-13: 978-0-314-27781-7. Any casebook supplement from the authors will likely be required. Students may also want to have a statutory supplement. The edition does not matter, as long as it is a 2014 edition. Students who took Securities Regulation in Fall 2014 or are taking it currently may use the supplement designated for that class. The relevant statutes and rules are also available on-line at http://www.sec.gov/about/laws.shtml. Supplementary material will be provided on Blackboard.