Securities regulation 700
Not offered in 1995
One 2-hour seminar weekly over 13 weeks
The subject covers constitutional and other legal issues in the background of a discussion of relevant economic issues. An overview of the different economic theories dealing with regulation. An overview of the securities industry sections of the Corporations Law and their interrelationship with trade practices law and other laws. Theories of regulation: economic analysis of the law and its role in this and related areas in the USA, Europe and Australia. Restrictive practices, monopolies and the role of stock exchanges. Disclosure and the supply of information together with a discussion of some of the legal rules operating in this area (including examination of some of the provisions of the Corporations Law). Non-public information of the securities market: insider trading, market rigging, frauds etc. The investor: the role of institutions and other investors. The role of the Australian Securities Commission.
Assessment
Take-home examination: 40% * Research paper (6000 words): 60%