Candidates of the Securities Law Program may select from the following options to satisfy the requirements of the certificate program:
Heavy Course, One Externship Standard - must enroll in the three required courses, three elective courses, two co-curricular courses, and complete one externship for 3 credits while concurrently enrolled in Legal Externship: Becoming a Lawyer or SEC Student Observer Program.
Light Course, Two Externships Standard - must enroll in three required courses, two elective courses, two co-curricular courses, and complete two externships, at least one of which must be for three credits while concurrently enrolled in Legal Externship: Becoming a Lawyer and Legal Externship: Supervised Fieldwork or SEC Student Observer Program.
- Securities Regulation: Issuance
- Securities Regulation: Trading
Electives (either two or three required)
- Corporate Finance Seminar
- Securities Civil Litigation
- Securities Compliance (a transition to practice course)
- Securities Markets Regulation Seminar
- Securities Regulation: Derivatives Seminar
- Securities Regulation: Enforcement Procedures and Issues
- Securities Regulation: Mutual Funds and Investment Advisers Act
- Securities Regulation: Securitization of Assets - A Transactional Approach
Co-Curricular Courses (two required)
- Administrative Law
- Banking Law
- Commercial Transactions
- Corporate Tax
- Financial Institutions Regulation
- International Business Transactions
- Law and Public Policy
- Legal Accounting
- Unincorporated Business Organizations
- Wealth Management
- White Collar and Business Crimes
Students must complete either one or two externships, depending on course load. Each student must consult with the Director before undertaking to select an externship and must obtain approval from the Director for each field placement or clinical course proposed to satisfy one of the experiential learning requirements.
If a student’s employment or other obligations preclude enrollment in a clinical or internship experience to accompany the Legal Externship: Becoming a Lawyer, the Director may authorize a student to substitute non-credit (paid) work experience for clinical or internship work. Such substitution may be authorized for only one of the two experiential learning requirements, only if the non-credit work experience is contemporaneous with the seminar for which the substitution is authorized, and only if the non-credit work experience involves the student in the development of securities regulations.
SEC HONORS PROGRAM
Students enrolled in the SEC Honors Program must attend eight of the Honors Program brown bag luncheon talks at the SEC. (Up to two missed brown bag lunches may be substituted by attending up to two SEC Wide Lectures.) Students are also responsible for maintaining a time log for their externship. Additionally, students are required to attend two supervised fieldwork sessions arranged by the S.E.C. Student Honors Program Course Director, Jill Frost. You will be notified of the time and place of these sessions by Director Frost.
To receive a certificate in Securities Law, students must complete a writing requirement. There are four ways to achieve this.
- A major paper may be written as part of the coursework needed for the Securities Law certificate.
- A two-credit Directed Research project may be conducted on a Securities-related issue. (The Director must approve the paper topic in advance.)
- A securities regulation-related note or comment may be submitted for publication.
- Participation in the Securities Moot Court team competition in the Spring may also qualify for the writing requirement, as determined by the Director in consultation with the Securities Moot Court Administrator(s).
All certificate program candidates need to maintain an active presence in the Securities Program. This presence can be satisfied by attending the Securities Program Lectures, assisting in administering the mentor/mentee program of the Securities Program; assisting in administering the Moot Court Program or participating in the Moot Court Competitions; helping to coordinate one of the Securities Program lectures; and the Securities Program's mentor/mentee. In addition, all certificate candidates are expected to certify that they attended at least one half of the lectures presented annually by the Securities Law Program. Each certificate applicant will be responsible for keeping a record of completion of the required co-curricular activities, which will be presented to the Institute Office for verification.
To earn a certificate, students in the day program must graduate with an overall GPA of 3.31 and with an overall average of 3.31 in their Securities and Co-Curricular coursework. Students in the evening program must graduate with an overall GPA of 3.26 and with an overall average of 3.26 in their Securities and Co-Curricular coursework.