This course offers an introduction to the federal securities laws, covering the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as the regulations enacted by the Securities and Exchange Commission (SEC) thereunder. Topics to be covered include the policy rationales underlying the U.S. securities regime, the definition of security, the registration requirement for public offerings, gun-jumping rules governing initial public offerings, rules governing seasoned issuers, exemptions from the registration requirement, secondary offerings, periodic disclosure obligations for public corporations, antifraud liability, and broker-dealer regulation.