Corporate and Securities Law
I. Course Prefix/Number: PAR 211
Course Name: Corporate and Securities Law
Credits: 3 (3 lecture; 0 lab)
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
- demonstrate an understanding of the concepts and statutes governing corporate and securities law.
- exhibit the ability to gather information and prepare and properly file all reports relating to corporate and securities law.
- research corporate and securities issues.
- demonstrate an ability to prepare for litigation on corporate and securities matters.
- show an understanding of the boiler plate aspects of corporate and securities work and the importance thereof.
- show an understanding of the concept of corporate social responsibility.
V. Academic Integrity and Student Conduct
• 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.
Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at
VI. Sequence of Topics
- Basic Business Forms; Sole Proprietorship, General Partnership, and Limited Partnership
- Introduction to Corporations and Corporate Formation
- Rights and Duties of Officers and Directors and Initial Corporate Meetings
- Corporate Finance and Corporate Securities
- Rights and Duties of Shareholders and Changes in Corporate Structure
- Corporate Dissolution
- Introduction to Security Law; What is a Security
- The Intrastate Exemption and the Private Offering Exemption
- Analysis of the Contents of a Registration Statement
- Rule 240 and Regulation A
- Rule 144 and the Concept of Fraud
- Proxy Regulation and Insider Trading
- Tender Offers, Registration, and Reporting Under the Securities Exchange Act
- The Concept of Corporate Social Responsibility
VII. Methods of Instruction
- Audio‑visual techniques
- Guest speakers
Course may be taught as face-to-face, hybrid or online course.
VIII. Course Practices Required
- Reading Assignments
- Writing Assignments
IX. Instructional Materials
Illinois Business Corporation Act of 1983, SOS, 1991.
Schneeman, Law of Corporations, Part & Sole Proprietorships, 3rd ed., Thomson, 2002.
X. Methods of Evaluating Student Progress
- Midterm and final examinations
- Class assignments
- 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.
Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.
Resources and support for
- pregnancy-related and parenting accommodations; and
- victims of sexual misconduct
Resources and support for LGBTQ+ students can be found at www.oakton.edu/lgbtq.
Electronic video and/or audio recording is not permitted during class unless the student obtains written permission from the instructor. In cases where recordings are allowed, such content is restricted to personal use only. Any distribution of such recordings is strictly prohibited. Personal use is defined as use by an individual student for the purpose of studying or completing course assignments.
For students who have been approved for audio and/or video recording of lectures and other classroom activities as a reasonable accommodation by Oakton’s Access Disabilities Resource Center (ADRC), applicable federal law requires instructors to permit those recordings. Such recordings are also limited to personal use. Any distribution of such recordings is strictly prohibited.
Violation of this policy will result in disciplinary action through the Code of Student Conduct.