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Corporate and Securities Law

I.     Course Prefix/Number: PAR 211

       Course Name: Corporate and Securities Law

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

PAR 101 and PAR 110, both with minimum grade of C. Recommended: PAR 113 and PAR 210 or consent of program coordinator.

III.   Course (Catalog) Description

Course covers topics such as incorporation, corporate recordkeeping, and compliance with administrative regulations. Also covered are statutes, rules, forms, and releases pertaining to the principal acts administered by the Securities and Exchange Commission.

IV.   Learning Objectives

1. demonstrate an understanding of the concepts and statutes governing corporate and securities law.
2. exhibit the ability to gather information and prepare and properly file all reports relating to corporate and securities law.
3. research corporate and securities issues.
4. demonstrate an ability to prepare for litigation on corporate and securities matters.
5. show an understanding of the boiler plate aspects of corporate and securities work and the importance thereof.
6. show an understanding of the concept of corporate social responsibility.

V.    Academic Integrity

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.

VI.   Sequence of Topics

1. Basic Business Forms; Sole Proprietorship, General Partnership, and Limited Partnership
2. Introduction to Corporations and Corporate Formation
3. Rights and Duties of Officers and Directors and Initial Corporate Meetings
4. Corporate Finance and Corporate Securities
5. Rights and Duties of Shareholders and Changes in Corporate Structure
6. Corporate Dissolution
7. Introduction to Security Law; What is a Security
8. The Intrastate Exemption and the Private Offering Exemption
9. Analysis of the Contents of a Registration Statement
10. Rule 240 and Regulation A
11. Rule 144 and the Concept of Fraud
12. Proxy Regulation and Insider Trading
13. Tender Offers, Registration, and Reporting Under the Securities Exchange Act
14. The Concept of Corporate Social Responsibility

VII.  Methods of Instruction

1. Audio visual techniques
2. Lecture
3. Discussions
4. Guest speakers
Course may be taught as face-to-face, media-based, hybrid or online course.

VIII. Course Practices Required

1. Reading Assignments
2. Writing Assignments

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

X.    Methods of Evaluating Student Progress

1. Quizzes
2. Midterm and final examinations
3. Class assignments
4. Classroom participation

XI.   Other Course Information



If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.