University of Miami School of Law Course Description - Online System
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Fall 2019
LAW164  A  REGULATION OF BROKER-DEALERS AND INVESTMENT ADVISERS

Course Description
This seminar will focus on the Securities Exchange Act of 1934 as it pertains to the regulation of the main professional of the securities markets, the broker-dealer. The course will examine how brokerage firms are created and subsequently regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Topics will include registration, the scope of a broker's duties, suitability, supervision and supervisory controls, broker compensation, managing conflicts of interest, controlling inside information, record-keeping and reporting, trading platforms and exchanges. The seminar will further examine a brokerage firm’s obligations to its customers and potential liability for violations of those obligations, touching upon SEC and FINRA regulation and enforcement, private actions and FINRA’s dispute resolution process for customer claims. Although the primary focus of the course will be on broker-dealers and the Exchange Act, the seminar will also cover the role and regulation of other financial intermediaries, including registered investment advisers and the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Through student class presentations, we will explore recent (and anticipated) changes to the standards governing financial advice to investors, how technology is changing the role of financial advisors, the role of “robo-advisors” and alternative trading systems, and other recent developments in SEC and FINRA enforcement actions.

Course Schedule
Dates Day Time Room
08-12-2019 - 11-21-2019   R  9:00 AM-10:50 AM TBD

Course Frequency

Course Information

Credits: 2
Pass/Fail Option: No
Prerequisite:
Corequisite: None
Method of Evaluation: Grading will be based on: (1) class presentations; (2) a graded exam over the seminar materials; and (3) professionalism through regular class attendance and prepared class participation.
Graduation Requirements Fulfilled By Course:
General
Special Attributes: None
Special Restrictions:
Law Track(s):
Government & Regulation - Specialized
Bar Subject(s): None
Concentration(s): None
Course Book(s): TBD/None      
First Class Assignment(s): TBD/None

 
Professor(s)

VERGES, TERESA


Biography
Contact Information:
Email: tverges@law.miami.edu
Phone: (305)284-8548
Office: Legal Services

MCCUTCHEN, TED



Contact Information:
Email: LAWREG@LAW.MIAMI.EDU