Securities Regulation Drafting

This course will introduce students to legal drafting in the securities regulation field.  It is designed to provide students with a detailed understanding of the various types of securities documents that the securities practitioner will most commonly be asked to draft or analyze.  The course will focus on the legal disclosure requirements for these documents as well as the current drafting practices and conventions of securities practitioners.  While the course will cover a broad range of documents and filings required under the federal securities laws, students will spend a substantial portion of the semester drafting a Registration Statement on Form S-1 for a hypothetical corporate client engaged in a hypothetical initial public offering (“IPO”) of its common stock.  Each week students will analyze, research and draft various sections of Form S-1 based on a continuing stream of information provided by the client about the company and the IPO.  Students will also meet with the professor in individual conferences to be held outside of class.  By the end of the semester, students will have produced a complete Registration Statement on Form S-1 and gained a detailed understanding of the process of drafting securities documents.

Important: A student may enroll in only one Advanced Legal Writing course each semester. Further, a student may not repeat any advanced Legal Writing course (all sections of Commercial Drafting and I.P. Drafting count as the same course). None of the drafting courses satisfies the writing requirement.

Credits: 3

Type: SEM

Pre- or co-requisites: Securities Regulation and Corporations