This course provides a foundation in the basics of securities law for attorneys who have not been exposed to the field before beginning the Graduate Program. It is required of all students unless they took such a course for their JD or have had sufficient experience in practice to warrant a waiver of this requirement from the director of the program. The course provides an overview of the securities markets, and gives a detailed analysis of the registration and distribution process under the Securities Act of 1933. Included are exempted securities and exempted transactions as well as reorganizations, recapitalizations and offerings by underwriters and dealers. An overview of the Securities Exchange Act of 1934 is provided, including an examination of the trading activities of broker-dealers.
This course provides an introduction to commodities and securities professionals' compliance with the applicable statutes and rules of the federal, state and self-regulatory organizations, including: (1) an overview of supervision and compliance; (2) suitability, fair-dealing and customer disclosure; (3) customer documentation; (4) anti-fraud, anti-manipulation, churning, and SEC Regulation M; (5) trading compliance; and (6) investment banking compliance, including public offering and 34 Act compliance.
The course provides an overview of the tax considerations of financial service entities and financial products. The topics to be covered will depend in part on the types of financial products and entities in use at the time of the course. The course will focus on the tax issues associated with mutual funds, unit trusts, real estate investment trusts, mortgage-backed securities, asset securitization, tax-exempt bonds, stock dividends, hedging transactions, wash sales, short sales and straddles. In addition, the course will cover the tax aspects of property-casualty and life insurance companies (including the definition of insurance, the calculation of reserves, and tax aspects of insurance products). The course is structured to provide the financial services lawyer with a simple explanation of the most common tax issues that arise in structuring financial service entities and transactions.