his course examines (I) how various institutions—bank trust departments, insurance companies, investment advisors and commodity trading advisors—are regulated in their capacity as managers of other peoples' financial investments and (2) how the form in which the investment is made-investment company, commodity pool, partnership or trust-affects that regulation. Common Law principles of "prudence" and fiduciary responsibility are explored and contrasted with specific federal, e.g., ERISA, and state statutory requirements and prohibitions. Specific topics (illustrated by case histories) which are discussed include: disclosure requirements, fee structures, handling of conflicts of interest, training and supervision, oversight and discipline, and permissible investment techniques.
|Course #:||LAW 804|
|Area of Study:||Financial Services Law and Compliance|
|Credit Hours:||Three credit hours.|