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Spring 2019
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LAW793
AS INVESTOR RIGHTS CLINIC
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Course Description
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Please see link below.
http://www.law.miami.edu/clinics/?op=0
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Course Schedule
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01-15-2019 - 04-23-2019
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TR
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3:30 PM-5:20 PM
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F200
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Course Frequency
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This course is usually offered every semester
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Course Information
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Credits:
6
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Pass/Fail Option:
No
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Prerequisite:
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Grading:
Graded
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Method of Evaluation:
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Graduation Requirements Fulfilled By Course:
Skills Requirement
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Special Attributes:
None
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Course Delivery:
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Special Restrictions:
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Law Track(s):
Business & Taxation
- Specialized
Government & Regulation
- Related
Litigation
- Related
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Bar Subject(s):
NEW YORK SKILLS
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Concentration(s):
Litigation & Dispute Resolution (Concentration)
More information
Social Justice & Public Interest (Concentration)
More information
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Course Book(s):
Textbook Required:
No
Additional Materials:
All required materials will be made available via TWEN.
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First Class Assignment(s):
-
Assignment:
Pre-Semester Boot Camp and January 11
Orientation Training
Assigned reading:
Articles:
• Jill I. Gross, The Improbable Birth and Conceivable Death of the Securities Arbitration Clinic, 15 Cardozo J. Conflict Resol. 597 (2014). (Available on TWEN)
• Helaine Olen, The Guardian, “Whose side is your financial adviser on, anyway?” (available at: http://www.theguardian.com/money/us-money-blog/2013/jul/16/financial-advisor-fiduciary-help-consumers
• Lisa Beilfuss, Fiduciary Rule Dealt Blow by Circuit Court Ruling, (March 15, 2018), www.wsj.com/articles/fiduciary-rule-dealt-blow-by-circuit-court-ruling-1521164915 (Available on TWEN)
• Tara Siegel Bernard, S.E.C. Seeks to Require Brokers to Put Their Clients First, (April 18, 2018), www.nytimes.com/2018/04/18/business/sec-brokers-rules.html (Available on TWEN)
• Arthur B. Laby, Fiduciary Obligations of Broker-Dealers, 55 Villanova L. Rev. 701 (2010), Only pages 716-726 are required. (Available on TWEN)
• Federal Arbitration Act, Title IX, Sections 2, 9, 10-11. (Available on TWEN)
• Case (Available on TWEN):
o Shearson/American Express v. McMahon, 482 US 220 (1987)
• Bryan Garner, Garner’s Modern American Usage (2nd ed. 2003) (entry on usage of “client. A. And customer”) (Available on TWEN)
• Student Manual (available on TWEN), please read it in its entirety. Please give particular attention to the following Appendices to the Manual:
1. Telephone Intake Form (Appendix N)
2. Investigate and Advise Agreement (Appendix J)
3. Retainer Agreement (Appendix K)
• Financial Industry Regulatory Authority (FINRA) website - www.finra.org, click on “Arbitration and Mediation” Link. You should start looking around the website for useful information regarding the arbitration process, especially the Code of Arbitration Procedure for Customer Disputes
Recommended Reading:
• Doss & Frankowski, Chapters 1-4
Class 1 Duties of Broker-Dealers and Investment Advisors Cont’d. - January 15
Assigned reading:
• FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) (http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=5504)
• FINRA Rule 2020 (formerly NASD 2120) (Use of Manipulative, Deceptive or Other Fraudulent Device) (http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=5513)
• FINRA Rule 2090 (formerly NYSE Rule 405)(“Know Your Customer” Rule) (http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9858)
• FINRA Rule 2111 (formerly NASD Rule 2310) (“Suitability” Rule) (http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9859)
• FINRA Regulatory Notice 11-02: Know Your Customer and Suitability Rules (http://www.finra.org/sites/default/files/NoticeDocument/p122778.pdf)
• FINRA Regulatory Notice 11-25: New Implementation Date for and Additional Guidance on FINRA’s New Know Your Customer and Suitability Rules (http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=10168)
• FINRA Regulatory Notice 12-25: Additional Guidance on FINRA’s New Suitability Rules (http://finra.complinet.com/net_file_store/new_rulebooks/f/i/FINRANotice12_25.pdf)
• FINRA Regulatory Notice 12-55 Guidance on FINRA’s New Suitability Rules (http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=10946)
• FINRA Regulatory Notice 18-13 Quantitative Suitability Under FINRA Rule 2111 http://www.finra.org/sites/default/files/notice_doc_file_ref/Regulatory-Notice-18-13.pdf
• C. Lazaro, Fiduciary Duty – Now and in the Future, 17 No. 2 PIABA B.J. 129 (2010) (available on TWEN)
• Consumer Federation of America, Review of 25 Major Brokerage Firms & Insurance Companies. Find All Posing as Fiduciaries, Misleading Consumers (3/13/2017). (Available on TWEN)
Recommended Reading:
• SEC v. Capital Gains Research Bureau, Inc., 375 U.S. 180 (Available on TWEN)
• Doss & Frankowski, Chapter 7
Material:
All materials will be available via TWEN or Lexis.
TWEN/Blackboard/Course Webpage Link:
https://lawschool.westlaw.com/manage/HomePage.aspx?NavChoice=mycourses&task=coursehomepage&courseid=267365
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View Book Information
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