Securities Regulation
JD Course Code: LAW293H1S
Grad Course Code: LAW7000Y-S
Description
The primary aim of this course is to develop doctrinal and analytical fluency in the following areas:
- an overview of the functioning of Canadian capital markets, including both primary markets (e.g. different types of underwritings) and secondary markets (e.g. role of the stock exchanges, alternative trading systems, etc.);
- the relationship between corporate law and securities law;
- the role played by securities regulation in investor protection and fostering market efficiency;
- primary market disclosure obligations;
- prospectus exemptions;
- liability for primary market misrepresentation;
- secondary market disclosure obligations;
- takeover bids;
- insider trading; and
- the discretionary powers of securities regulators.
In addition to developing doctrinal fluency, the above-noted topics will be critiqued from a policy perspective (e.g. do we really need comprehensive prospectus disclosure? Are the takeover bid rules optimal from a shareholder and/or societal perspective?).
Evaluation
Will be by a final 3-hour open book examination. The examination will consist of a combination of essay, short answer, legal advice, issue-spotter, and policy questions.
At a Glance
- Academic Year:2025-2026
- Course Session:Winter Session
- Credits:4
- Hours:4
- Pre-requisites/Co-requisites:
Business Organizations
- Grad Concentration:Business Law
Enrollment
- Maximum Enrollment:78
- JD Students:75
LLM/SJD/MSL/SJD U: 3