Securities Regulation

Securities Regulation


Welcome to Lawshelf’s video-course on Securities Regulation. In this course, we’ll focus on the many ways in which state and federal laws regulate how securities are introduced to the public, how they are traded and the representations that can be made in the process of buying and selling them.

This is an intermediate level course and it’s recommended that viewers first watch the LawShelf course on Business Organizations so that they are familiar with structures of the businesses that securities represent.

The “overview” module 1 looks at the roles in the generation and trading of securities, including those of the investors, brokers, issues, underwriters and corporate directors and officers. It also looks at the major pieces of legislation that affect securities, from the SEC Acts of 1933 and 1934 to more recent legislation like Sarbanes-Oxley and Dodd-Frank. We’ll also look at the network of federal agencies that enforce securities laws and regulations.

Module 2 defines the term “security” and explains what instruments are regulated by securities laws. We’ll define stocks, bonds and other equities and look at their characteristics. We’ll also look at “borderline” securities like investment contracts and promissory notes and determine when they are considered securities.

Module 3 focuses on public and non-public offerings. Public offerings are made through the heavily regulated “IPO” process, subject to underwriting, registration and myriads of SEC requirements, mostly relating to disclosures. We’ll also look at other types of offerings, such as crowdfunding, governmental securities and offerings that are entirely contained within a single state.

In Modules 4 and 5, we’ll look at securities fraud. We’ll focus on the regulatory backdrop of this highly regulated set of crimes and causes of action, including discussion of states of mind in the securities fraud context and the other elements of materiality and reliance. We’ll focus both on criminal and civil consequences of securities fraud.

We’ll next turn to Rule 10-b-5, the SEC Act law that makes crimes of securities fraud. We’ll then segue to Module 5, in which we’ll focus on a particular type of securities fraud: insider trading. We’ll focus on the people who are subject to insider trading laws, elements of the crime and civil and criminal penalties for insider trading.

This course should give you a comprehensive understanding of how the government regulates securities and securities trading and the many areas of compliance for all those involved in the world of securities.

Best of luck and we welcome your feedback.


What is a video-course?

A LawShelf video-course is an in-depth series of presentations on a discreet legal topic. LawShelf video-courses focus on practical legal information and applications and are each designed to familiarize the viewer with a legal topic quickly and efficiently.

Who should take a video-course?

Our video courses are designed for professionals such as attorneys, paralegals, corporate officers and financial professionals, as well as laypeople looking to deepen their knowledge of particular areas of law. The courses allow you to acquire the specific knowledge and skills that you need without the expense and time commitment of going “back to school” for a degree. 

How do I learn?

Video courses are divided into 5 or 6 modules.  Each module contains a video lesson (usually about 15 minutes long) and a series of self-test questions that you can use to practice and make sure that you understand the material.

How do I complete a video-course?

To complete a video-course, you must pass a 10-question multiple-choice examination by scoring 70% or higher.  The questions on the exam are randomly selected from the self-test question sets for the various modules. You can retake an exam as many times as you need to, though you will not get the same questions each time since the questions are drawn from an exam bank.

How long will it take me to complete a video-course?

Between watching the modules, doing the self-test practice questions, reviewing the material and taking the final exam, we estimate that completing a video-course requires a time investment of 4-5 hours.  The courses are designed to get straight to the point. We’re cognizant that your time is valuable, and we condense the information you need to know to comprehensively cover a subject into as little time as practical.

Is there limit to how many video-courses I can take or complete?

No. A LawShelf subscription enables you to access any and all LawShelf content, including all video-courses. You can take courses as quickly or slowly as your time allows.

Do I receive any recognition for completing a video-course?

Once you complete the course by passing the final exam, you will be awarded a digital badge to display as evidence of your training and accomplishment.

How will a digital badge help me? 

Modern educational trends are moving away from traditional classroom-based course completion models and towards skills-based education. Employers today care more about skills than ever before. LawShelf digital badges conform to the Open Badge standard and are verifiable records of your skills that can easily be shared online.

How long do I retain access to the course materials?

You retain access the modules and take the final exam as long as you are a subscriber to LawShelf.

Overview of Securities Law - Module 1 of 5

Regulated Instruments - Module 2 of 5

Public and Non-Public Offerings - Module 3 of 5

Securities Fraud - Module 4 of 5

Insider Trading - Module 5 of 5

Final Exam only needs to be taken by those seeking to earn the Digital Badge credentials for this course.