Exam Type: In Class and Last Class Take-Home
In addition to an in-class examination, an additional take-home question will be distributed after the last class and submitted on the date of the final examination.
This course is designed to offer an overview of the work of the Securities and Exchange Commission, the structure of U.S. capital markets, and key policy challenges facing the Commission today. The course will begin with an introduction to the regulation of securities offerings under the Securities Act of 1933 and to disclosure and other requirements imposed on public companies under the Securities Exchange. We will then turn to SEC supervision of securities firms and oversight of capital markets. Attention will also be given to the Commission's enforcement practices and current debates regarding the efficacy and legality of those practices. As time permits, we will touch upon issues of cross-border coordination in the public oversight of both capital raising and enforcement activities.
Note: The course will meet for 24 ninety-minute sessions during the semester, mostly on Mondays and Tuesdays but with some Wednesday sessions; the exact schedule will be announced before the semester begins.