SEC Enforcement Clinic

SEC Enforcement Clinic

Available to: 3rd year students/ 2nd year students with special permission

SEC Enforcement Clinic Guidelines

Clinic forms for students »

The primary objective of the U.S. Securities and Exchange Commission–Division of Enforcement Clinic (the “clinic”) is to provide interested participants with an opportunity to gain valuable securities law experience while working with SEC staff on pending enforcement matters. Participants will collaborate with Division of Enforcement staff in the SEC’s Salt Lake Regional Office (“SLRO”) on a range of issues and tasks related to investigations and enforcement actions. Through this program, participants can expand their knowledge of the statutes and rules that the SEC enforces and further develop practical legal skills in areas such as fact investigation and analysis, legal research, legal and other professional writing, project management and problem solving, and professionalism/ethics. Students interested in pursuing a career in securities, compliance, or regulatory enforcement may find this clinic to be particularly valuable.  Whenever possible students will be simultaneously enrolled in the Current Issues in Securities Law seminar in order to put their experiences in context and do further research and writing about securities law.  During a semester that course is not offered, students should be simultaneously enrolled in the Lawyering Skills course in order to learn and reflect upon the interactive and problem-solving skills required in their clinic experience.

Pre- or Co-Requisites: One of: Securities Law:  Public Companies LAW 7013-001 or Securities Law:  Private Companies 7888-001 or Business Organizations 7050-001.

Courses:  Current Issues in Securities Law (3 cr., graded, Spring) This seminar will examine the contemporary theoretical and policy debates about the proper nature and scope of securities law. Among other things, the course will focus on the extent to which securities-fraud liability deters misconduct; the role and appropriate oversight of hedge funds, mutual funds and similar financial institutions; the contribution of sophisticated financial products and financial innovation to economic prosperity and crises; and the benefits and drawbacks of the growth of private equity markets.

Lawyering Skills (3 cr., graded, Summer, Fall, Spring) The basic lawyering skills of interviewing, counseling, negotiating and problem-solving will be taught using videotaped demonstrations, role-playing exercises, students videotaped performances, discussions and reflective writing. During the academic year students should arrange to observe/engage in these lawyering skills in actual practice in order to reflect upon them. Such opportunities can be obtained through paid clerkships, the Pro Bono Initiative or appropriate Clinics (Civil, Criminal, Mediation, SEC Enforcement).

Placements (P/F): Students enroll for 3-4 credits per semester.  The SEC prefers a two-semester experience.

Faculty: Professors Jeff Schwartz and Linda F. Smith

Registration and Placement: Students should apply directly to the SEC for the Student Honors Program via USA Jobs and complete the Clinical Program Application Form.  See the Clinical Program for more information.

LAW 7800 Current Issues in Securities Law                                   Spring: Thurs. 3:10 – 5:10 p.m.

LAW 7920  Lawyering Skills                                                               Fall/Spring/Summer

LAW 7902  SEC Enforcement Clinic