Examines how the stock market and other securities markets are regulated in the United States. The primary focus is the Securities Act of 1933 and, to a lesser extent, the Securities Exchange Act of 1934. Covers how companies raise capital through IPOs and other offerings, including private placements, and the complicated regulatory framework that applies. In addition to discussing disclosure requirements for companies that decide to offer to sell their stock or debt to investors, the course takes an in-depth look at insider trading rules. Also touches on how corporate director elections are regulated as well as the rules that apply to tender offers.