Law 236 - Securities Regulation

James Park

James Park

Faculty Director, Lowell Milken Institute for Business Law and Policy
Professor of Law
B.A. Miami University, 1996
J.D. Yale, 2000
UCLA Faculty Since 2013
Course Description:

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, anti-fraud liability, and broker-dealer regulation.

Course Learning Outcomes:

1.      Develop a thorough understanding of the regulation governing the offer and sale of securities to the public, as well as the exemptions to those regulations;

2.      Develop a thorough understanding of the law governing securities fraud;

3.      Develop an understanding of securities, the intermediaries that assist in selling securities, and the markets in which securities are sold;

4.      Develop an understanding of the basic policy reasons for regulation such as mandatory disclosure;

5.      Develop an understanding of the history of the securities laws and how they have evolved to address market changes and new problems.

Course Information:
​Faculty Term Course Section ​Schedule ​Units Requisite Satisfies SAW
James Park 20S 236 LEC 1 TR 8:25 AM - 10:25 AM 4.0 Yes No
  Prerequisite: Law 230. Business Associations