University of Illinois Urbana-Champaign

Securities Law: Fraud and Insider Trading

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University of Illinois Urbana-Champaign

Securities Law: Fraud and Insider Trading

Verity Winship

Instructor: Verity Winship

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Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Explain how securities fraud claims, investor class actions, and SEC enforcement apply to public and private companies.

  • Analyze when trading on confidential information or sharing tips creates insider trading liability.

  • Identify how disclosure rules, insider reporting, and corporate trading policies help manage legal risks.

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Recently updated!

November 2026

Assessments

21 assignments

Taught in English

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This course is part of the Securities Law for Business and Finance Professionals Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 2 modules in this course

You will learn how securities fraud is enforced through both government action and private litigation, including the roles of the SEC, the CFTC, and the Department of Justice, and how Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 prohibit deceptive and manipulative conduct. You will also learn how securities class actions work under Federal Rule of Civil Procedure 23, what a plaintiff must prove in a Rule 10b-5 claim, and how the fraud-on-the-market presumption from Basic v. Levinson and Halliburton supports reliance, using a GameStop class action complaint as an example. In addition, you will learn how SEC investigations and enforcement actions proceed, including the remedies the SEC can seek and an example SEC complaint, and how fraud claims and enforcement differ for private companies.

What's included

11 videos1 reading10 assignments

You will learn how insider trading law addresses the use of material nonpublic information through the classical and misappropriation theories, tipper and tippee liability, and special rules for tender offers. You will also learn how Section 16 governs insider reporting and recovery of short-swing profits, how Regulation FD addresses selective disclosure, and how companies use trading windows, blackout periods, preclearance, and trading plans to manage compliance. In addition, you will examine insider trading risks in prediction markets and the role of the Commodity Futures Trading Commission.

What's included

11 videos1 reading11 assignments

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Instructor

Verity Winship
University of Illinois Urbana-Champaign
2 Courses3 learners

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