Institute for Compliance
The Institute for Compliance has created a curriculum for those students interested in compliance. At the heart of this curriculum is Compliance in Financial Institutions, which is taught by Robert Scales, general counsel and chief compliance officer of the Acorn Funds, a $30 billion family of mutual funds.
The following courses are being offered for Fall 2018:
MW 6:00-7:25 PM
A study of the Securities Act of 1933 and the Securities Exchange Act of 1934. Among the topics included are: the registration and distribution of securities by issuers; exemptions from the registration requirements; offerings by underwriters and dealings; reorganizations; federal disclosure obligations; regulation of the securities markets, broker-dealers, proxy rules, tender offers, and civil liabilities for insider trading, Rule lOb-5 and shout-swing profits. Business Organizations is a prerequisite for this class.
This course examines how businesses are organized in the United States and the variety of legal regulations they face. It considers the different forms of business organizations, including sole proprietorships, general and limited partnerships, limited liability companies, and the various forms of incorporated business enterprises, with the goal of establishing which form of organization is best suited for a variety of business goals. The course emphasizes the rights and obligations of the various parties in the business relationship, employees, promoters, partners, and corporate officers, directors, investors, and stockholders, as well as their attorneys. Special focus also is devoted to the question of control of closely-held corporations. These general themes are examined in the context of specific corporate issues, including executive compensation; proxy contests; basic securities fraud and insider trading; and mergers, acquisitions, and tender offers. The course also includes an introduction to basic principles of corporate finance. You should take Business Organizations as soon as possible. Two sections are being offered for Fall.
There are over two trillion dollars invested in hedge funds—investment giants that move and shape today's international financial markets. Yet many do not understand their significance or their complex workings. This course is designed to give you a practical understanding of hedge funds and the documentation that supports the formation and operation of these funds. We will examine the regulatory, compliance and business issues surrounding hedge funds and provide tools for successful fund implementation. We will also explore practical concerns with the Investment Advisers Act of 1940 and the Investment Company Act of 1940 as well as current changes to the regulatory scheme, including Dodd-Frank. Securities Regulation is a prerequisite for this class.
Regulation across the entire consumer finance industry has been, and continues to be, restructured in the wake of the Great Recession and the Dodd-Frank Wall Street Reform and Consumer Protection Act. This course will introduce students to the increasingly complex compliance demands and requirements of the various consumer finance industry laws, regulations and regulators.
This seminar examines the regulatory, economic, and political issues surrounding the use of pooled investment vehicles, particularly hedge funds, private equity funds, mutual funds, exchange-traded funds, and sovereign wealth funds. We will discuss the legal and business considerations that go into the formation of funds, paying close attention to the negotiations between investment advisers and the investors in their funds. We will examine the investment strategies of different investment funds, through leveraged buyouts, equity investments, and more sophisticated trades in derivatives. We will develop a familiarity with the Investment Advisers Act and the Investment Company Act, which are the key legal regulations governing these funds, as well as with the most current scholarly debates in this field. Prerequisite: Business Organizations. Securities Regulation is a prerequisite for this class.
The following courses will be offered in Spring 2019:
- Business Organizations
- Securities Regulation
- Compliance in Financial Institutions
- Banking Regulation
- Derivatives Futures