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Course Descriptions

Course Descriptions

Securities Regulation (Fall 2019)

  • Course Number: LAW-749
  • Class Number: 03448
  • Instructor: Brent Wilner

Course Description

From Fall 2018

The securities laws govern how a company may raise capital, impose obligations on a company once it has done so, and provide protections for investors.  The Securities and Exchange Commission is tasked with implementing and enforcing these laws consistently with a tripartite mission of protecting investors, maintaining efficient markets, and facilitating capital formation.  We will cover the following topics: registration requirements and exemptions under the Securities Act of 1933; reporting requirements under the Securities Exchange Act of 1934; anti-fraud provisions; restrictions on insider trading; whistleblower provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; and the operation of the SEC.

Students will learn to identify requirements for raising capital and potential violations of the securities laws.  In addition, students will learn to evaluate the extent to which new regulations, and enforcement actions further the SEC’s goals.  These skills will be assessed through a written in-class exam (and similar midterm practice exam), which will simulate the experience of an SEC staff member writing a recommendation to the Commission.  The skills also will be assessed by student in-class presentations regarding recent enforcement actions.

Course Details

  • Unit Value: 3
  • Grading Options: Numerical or CR/D/F
  • Exam: In-class exam
  • Writing Requirement: No
  • Skills/Experiential Unit Requirement: no
  • Pre-requisites: The course is best suited for students who have already taken Business Organizations; however, those intending to take Business Organizations concurrently may also enroll. If neither is the case, please speak with the instructor during the first week of class.