Mar 28, 2024  
2013-2014 Law Catalog 
    
2013-2014 Law Catalog [ARCHIVED BULLETIN]

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LAW 2986 - Regulation of International Markets


The past two years have seen the evaporation of millions and millions of dollars of personal wealth. Citizens who believed they were removed from stock market perils have come to learn the dangers of indirect investment, excessive speculation, forum shopping for credit, and regulations largely drafted when global markets were young. The United States and many countries around the world have thus been forced to confront the continued utility of their approach to regulation of international securities transactions.   

            Accordingly, this two-credit, comparative course seeks to study the worldwide approaches to preventing investment fraud and minimizing stock market volatility. To that end, the course will center on five points:

 

  1. The role of laws criminalizing stock market manipulation and fraud;
  2. The extent to which stock market surveillance and prosecution has been globalized;
  3. The role of private attorneys general and class action litigation;
  4. Individualized national trends towards more/less regulation in recent years; and
  5. The value of (and legal rationale for) regulations creating product specific prohibitions/limitations.

The course materials will range from federal statutes to European Council Directives to stock exchange constitutions. The student will acquire a familiarity with the varied models of international market centers and the history of specific crimes thought to be universal (e.g., insider trading). Overall, the student will learn to evaluate the effectiveness of debated remedies for the economic crisis of 2008-2010 as well as the triumphs of (and ongoing challenges to) agencies like the Securities and Exchange Commission and the U.K. Financial Services Authority.

Credits: 2





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