Professor William Jannace
Examines how a legal department of a broker-dealer advises its clients and develops procedures to effect compliance with federal, state, and industry regulations. Practice-oriented, the course should be helpful to those seeking employment in the legal and/or compliance areas of the securities industry. Topics include sales practices; churning; supervision of broker-dealers; trading and marketing issues; the role of the Self-Regulatory Organizations ("SROs"); and the litigation, arbitration, and other alternative dispute resolution procedures for resolving customer disputes. Also covers the Investment Company Act, Investment Advisers Act of 1940, SEC Net Capital Rules, and recent legislative and regulatory changes in the industry. Students participate in mock arbitration.
Prerequisite: Corporations (BUS210). While not required, prior completion of Securities Regulation (BUS225) is highly recommended.