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HU Credits:
2
Degree/Cycle:
1st degree (Bachelor)
Responsible Department:
law
Semester:
1st Semester
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Amir Wasserman
Coordinator Office Hours:
Teaching Staff:
Amir Wasserman
Course/Module description:
Securities laws regulate large part of capital market activity. In recent years, profound changes have occurred in the Israeli capital market. Changes brought about substantial changes in the regulation on the market.
The course will encompass the following topics: historical background and basic concepts in the field of securities; Primary market - the disclosure in the prospectus, the IPO process, underwriters and other gatekeepers; Secondary Market - The current reporting requirements and supervision of the stock exchange; Securities law enforcement - different enforcement routes; And the relationship between corporate law and securities law - Corporate governance
Course/Module aims:
Learning outcomes - On successful completion of this module, students should be able to:
On successful completion of this course, students should be able to:
1. Present the justifications for securities regulation, as well as the criticism on it.
2. Describe the major laws in the field.
3. Explain major developments that occurred in the regulation in recent years.
4. Assess the pros and cons of various rules.
5. Implement and interpret the law regarding possible occurrences in the life of a public company.
Attendance requirements(%):
Teaching arrangement and method of instruction:
Course/Module Content:
Course content:
1. Introduction to securities laws:
A. Historical background and basic terms.
B. The doctrine of mandatory disclosure.
2. The Primary Market:
A. The obligation to publish a prospectus.
B. Prospectus disclosure.
C. Gatekeepers in the capital market.
3. The Secondary Market:
A. Reporting obligations.
B. The relation between securities laws and corporate laws.
C. The stock exchange and market structure.
4. Enforcement:
A. The major offenses – misleading disclosure; inside trading; securities fraud.
B. Enforcement routes – the criminal offenses; administrative enforcement; monetary fines; private enforcement.
5. Financial Instruments –
From securities to complex financial instruments; The world financial crisis of 2008.
Required Reading:
none
Additional Reading Material:
Course/Module evaluation:
End of year written/oral examination 90 %
Presentation 0 %
Participation in Tutorials 0 %
Project work 0 %
Assignments 10 %
Reports 0 %
Research project 0 %
Quizzes 0 %
Other 0 %
Additional information:
Closed book exam.
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