This course uses economic analysis to enable students to understand the institutional workings of the securities and investment business and its legal regulation (especially recent developments therein). Focal topics include securities trading and market regulation, banking and shadow banking, securitizations and asset-backed securities, broker-dealer duties and conflicts, and investment advisers and investment company regulation. The class will be a combination of lecture and student group presentations. The goal of the course is to ensure that students have a good economic understanding of how and why the law applies to them once they are investment bankers, traders, or investment advisers.
Spindler, James C.