Online LL.M. Degree in Financial Services Compliance

LL.M. Programs at Seton Hall Law

LLM Program Formats

Compliance remains the fastest-growing area in the financial services industry. The increase in federal laws and regulations governing financial institutions and the focus of enforcement placed on the compliance efforts of financial companies creates opprotunites for attorneys with demonstrated expertise in financial law and compliance. Seton Hall Law School now provides training beyond the J.D. degree to select students, practitioners and scholars in the growing and increasingly complex area of financial services compliance. Interested students may pursue an entirely online LL.M. degree option, or choose to come to campus for in-person instruction.

ADMISSION

A candidate seeking admission to the LLM program must have a J.D. degree from a law school that is approved by the Section of Legal Education of the American Bar Association or the foreign equivalent from a school of law. As Seton Hall Law School admits highly qualified candidates, the program is very competitive. The Admissions Committee considers practice experience, graduate degrees in the financial field, quality of law school academic record, demonstrated interest in compliance, and evidenced ability to excel in academic pursuits. The application process is rolling and applications for admission are accepted at any time.

APPLICATION REQUIREMENTS

can be viewed here.

COURSE OF STUDY

LLM candidates must meet the following requirements:

  1. Completion of 24 credit hours of course work at the Law School;
  2. Completion of a high quality paper, under the supervision of a full-time faculty member (3 credits); and
  3. Maintenance of a GPA of at least 3.0.

COURSE OFFERINGS


Required Courses

In-Person Option

Number Name Credit Offering

CORP8132

Corporate Finance

 This course continues the study begun in Business Associations with emphasis on the financial aspects of the publicly held corporation. It includes: problems of enterprise and securities valuation; capital structure; the issuance and acquisition of securities; security holders' rights; dividends; structural change; mergers and acquisitions.

3

in-class

CORP9130

Issues in Corporate Governance and Securities Regulation

This course examines federal and state regulations of securities, including disclosure requirements, rules governing public and private offerings, and remedies and liabilities. The course also explores within the context of securities regulations current topics relating to the tensions between the interests of issuers and shareholders. This course will highlight challenges raised in the context of corporate governance. Issues to be discussed include fiduciary duties of directors and controlling shareholders; rights of shareholders; use of proxy machinery; and liability for insider trading, including an analysis of SEC Rule 10b-5.

3

in-class

CORP8215

The Law of Governance, Risk Management and Compliance

This course addresses issues of significant and growing importance in the areas of corporate governance, compliance and risk management. The course will principally focus on the risk management and compliance policies developed by or designed for corporations, but we will consider the perspectives and concerns of management, in-house and outside counsel, regulators, other relevant stakeholders who may influence governance, compliance or risk management.

2

in-class


or Online Option

Number Name Credit Offering

CORP7144

Governance, Compliance, Enforcement and Risk Management

This course explores corporate governance metrics for complying with federal and state regulatory frameworks, including internal corporate compliance protocols used to fulfill the company’s mission and to minimize risk in the management of the corporation. Topics covered include:

  1. Corporate governance internal protocols

  2. Relationship dynamics between corporate fiduciaries and stakeholders

  3. Development of compliance and risk management policies and procedures

  4. Governmental regulatory compliance frameworks

  5. Attorney’s role in compliance programs

2

online

CORP8165

Introduction to Corporate Finance

This corporate finance course explores the key financial instruments used by corporations, and the legal rules that govern those instruments. Topics covered include:

  1. Capital structure

  2. Financial instruments

  3. Mergers & Acquisitions

  4. Financial Distress

2

online

CORP7170

Securities Regulation and Compliance

This course focuses on mandatory affirmative disclosure requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934, triggered by the public offering of securities and by their trading in public markets. Topics covered include:

  1. Federal regulation of the offer and sale of securities under the Securities Act of 1933

  2. Exemptions from federal registration

  3. Reporting obligations of public companies under the Securities Exchange Act of 1934

  4. Sanctions and civil damage liability for violating these requirements

2

online

 

Advanced Writing Requirement | 3 Credits

The in-person LLM student shall write his or her advanced writing requirement in an 3-credit AWR seminar taught by a full-time faculty member. The full-time faculty member teaching the AWR seminar shall serve as the LLM student's supervisor. The final paper should be of Law Review publishable quality, and at least 25 pages in length.

The online LLM student shall write his or her advanced writing requirement in a 2-credit graded writing mentorship, under the supervision of one or more faculty members. During the mentorship, students will conduct advanced research on one or two topics covered in a prior course and produce one or two written papers of Law Review publishable quality, totaling 25 pages in length.

Electives | 11-15 Credits

Number Name Credit Offering

CORP7130

Accounting for Lawyers

This course surveys elementary techniques and basic theoretical concepts of accounting for law students with little or no accounting background. It provides an introduction to: accounting statements and statement analysis; the accounting cycle; fixed asset accounting and depreciation; and corporate and estate accounting.

Note: Students who have completed 4 or more credits of undergraduate or graduate accounting are ineligible to enroll in the course without written permission of the Associate Dean.

2

in-class

PUBG7801

Administrative Law

This course studies the theory of administrative actions; administrative process; agency organization; determination and promulgation of the administrative regulations; right to notice and hearing; enforcement; judicial review; standing; and the Administrative Procedure Act.

3

in-class

CORP8190

Advanced Topics in Risk Management

This course explores the theory of risk management and federal and state regulatory efforts to impose risk management obligations on corporations through corporate governance. Topics covered include:

  1. Corporate governance

  2. Relationships and conflicts of interest among the board of directors, senior management, rank-in-file employees and regulators

  3. Effectiveness and execution of risk management roles and responsibilities

2

online

COML8130

Bankruptcy and Creditors' Rights

This course provides a survey of remedies available to consumer and business debtors and their creditors under state law and the United States Bankruptcy Code. The course covers topics such as: enforcement of money judgments, commencement of bankruptcy cases, the automatic stay, property of the bankruptcy estate, exemptions, secured and unsecured claims, avoidance of transfers, executory contracts, distribution of property, dismissal and conversion of bankruptcy cases, and discharge of debts in bankruptcy.

4

in-class

CORP8133

Business Planning

This course analyzes basic issues to be considered in the organization, operation and disposition of business ventures, combining concepts of partnership, limited liability company and corporate law, finance, securities law and taxation. The course will focus on four primary areas: formation and capitalization of the enterprise, determining participation in profit and loss, rewarding employees and service providers and exit strategies, including business combinations and taxable and tax-free dispositions.In addition to traditional teaching methods, the course involves guest lectures from entrepreneurs, investors and others involved in the field. Significant emphasis will be placed on federal and state tax issues affecting business planning decisions. Fundamental principles of entity-level and pass-through taxation will be discussed. 

3

in-class

TAXN7113

Corporate Taxation

This course studies the federal income taxation of corporations and shareholders, including: a detailed examination of the tax problems arising on incorporation; distributions to shareholders; redemptions of stock and liquidation; the Subchapter S corporation, and corporate reorganizations.

4

in-class

INDL7550

Cybersecurity & Privacy: Law, Policy, Compliance

This course examines the legal, policy, and compliance challenges raised by efforts to protect the Internet and other forms of networked computer systems from attack by hackers, organized criminal groups, terrorists, and others. Topics include:

  1. Threats to cybersecurity

  2. Domestic and international Internet governance

  3. The Computer Fraud and Abuse Act

  4. U.S. and European Union privacy law and personal data protection

  5. War, international terrorism, and U.S. surveillance law

  6. Private information infrastructure and the law of emergencies

  7. Emerging compliance frameworks for cybersecurity

2

online

INDL8340

Cybersecurity: Computer Crimes and Personal Security

This module evaluates the nature of cyber crime and the legal framework for fighting cyber crime. We will learn about common modes of cyber attack, the use of mass crime tools such as "botnets," and the role of organized crime in cyberspace. We will study the U.S. Computer Fraud and Abuse Act and related U.S. and international laws that apply to computer crimes. We will also consider threats to personal safety arising out of cyberspace, including bullying, stalking, harassment, and child pornography, and we will study the unique legal challenges involved in crafting statutes to address such conduct without unduly impinging on rights of free speech and free association.

1

in-class

INDL8341

Cybersecurity: National Security, Surveillance, and Cyber-War

This module considers the problem of cyber-terrorism, cyber-espionage, and cyber-war. The U.S. military now considers "cyber" a "fifth domain" of warfare, after land, sea, air, and space. We will consider how the laws of war and emergencies relate to cyber incidents. We will also discuss the nature of Internet surveillance of private citizens, through an in-depth review of cases and materials relating to the Federal Intelligence Surveillance Act (FISA) Court.

1

in-class

CORP7180

European Data Protection and Privacy Law

This course introduces students to the legal regime governing information privacy, data protection, and data security in the European Union. Topics covered include the privacy jurisprudence of the European Court of Human Rights, the EU Data Protection Directive and the General Data Protection Regulation, data protection authorities, international data transfers, and cybersecurity in Europe.

2

online

INDL8342

Evidence, Cyber-Compliance and Cyber-Investigations

This is a skills-based module centered on the role of the lawyer or compliance officer in mitigating an organization's cyber-risks, conducting forensic investigations in the event of data breaches or other cyber incidents, and presenting evidence in court or in other legal proceedings regarding the nature and causes of a cyber incident. Students will engage in a variety of hands-on skills exercises, such as a simulated "table top" cyber-risk assessment. 

2

online

CRJU7404

Federal Criminal Law

This course provides an in-depth study of corporate and white-collar crimes, including: RICO; mail fraud; federal drug offenses; criminal tax enforcement; bank secrecy statutes; false statements to law enforcement agents; criminal civil rights statutes; obstruction of justice; Hobbs Act; Mann Act; securities fraud; environmental crimes; workplace death and injury; and choice between federal and state prosecutions.

3

in-class

CORP8160

Financial Crimes Compliance

2

online

CORP7160

Global Corruption: Regulation, Compliance, and Enforcement

This course introduces students to the theory and practice of global anti-corruption compliance.  Topics covered include the definition and measurement of corruption; the OECD Convention on Combatting Bribery of Foreign Public Officials; the U.S. Foreign Corrupt Practices Act; the UK Bribery Act; anti-corruption laws in other countries; enforcement and resolution of corruption activities; jurisdiction, corporate liability, accomplice and inchoate offenses; and anti-corruption compliance programs.

2

online

CORP9130

Issues in Corporate Governance and Securities Regulation

This course examines federal and state regulations of securities, including disclosure requirements, rules governing public and private offerings, and remedies and liabilities. The course also explores within the context of securities regulations current topics relating to the tensions between the interests of issuers and shareholders. This course will highlight challenges raised in the context of corporate governance. Issues to be discussed include fiduciary duties of directors and controlling shareholders; rights of shareholders; use of proxy machinery; and liability for insider trading, including an analysis of SEC Rule 10b-5.

3

in-class

CORP8135

Mergers and Acquisitions

This course examines the Board and Shareholder actions that may be required in connection with corporate mergers, acquisitions and divestitures, as well as stock and asset purchase arrangements. The course will cover the mechanics of combination transactions from preliminary agreement to consummation, including letter of intent, due diligence, and acquisition and divestiture documents, with special emphasis on key strategic and legal issues common to the diligence, negotiation and drafting processes, including securities disclosure obligations. In addition, the class will study poison pill initiatives and other defense mechanisms used to thwart unwanted takeover attempts, including current issues in corporate governance and shareholder perspectives. The class will consider the Board's role in these transactions, as well as the Shareholder role in, among others, going private transactions. We will link transactional law matters with securities law compliance and corporate governance.

2

in-class

CORP8170

Regulating Broker-Dealers

This course explores the roles and duties of brokers and dealers, the legal rules that govern these investment professionals, and the regulatory authorities that create and enforce these rules.  Topics covered include a general overview of the financial markets regulatory framework; the economic realities that create legal obligations under federal securities regulations and self-regulatory organizations' rules; supervision of broker-dealer financial distress, including protection of customer funds and liability for customer losses.

2

online

CORP8175

Regulating Depository Banks

This course introduces students to the primarily laws and regulations governing banks whose primary function is to accept cash deposits.  Topics covered include the regulation of bank formation, bank deposit regulation, capital regulation, the Consumer Financial Protection Bureau, holding companies and SIFIs, bank governance and supervision, and special areas of regulatory concern.

2

online

CORP8180

Regulating Funds and Investment Advisors

This course examines mutual funds (investment companies) and other related entities like hedge funds and private equity funds. Topics covered include:

  1. Investment Company Act of 1940

  2. Investment Advisers Act Of 1940

  3. Regulation of swaps and other derivatives under Dodd-Frank

  4. Role of the CFTC in regulating this market

  5. Relationship between funds and their broker-dealers

2

online

CORP8185

Regulating Insurance Companies

This course examines federal and state regulation of insurance companies. Topics covered include:

  1. Federal and State Relationship

  2. State Insurance Boards, Commissioners, and Similar Authorities

  3. Regulation of form and content of policies; kinds of insurance

  4. Intermediaries-brokers, broker dealers, producers, compensation, licensing

  5. Rate regulation

  6. Solvency regulation

  7. ERISA and group insurance regulation

  8. Regulation of reinsurance

2

online

COML7125

Secured Transactions

Secured credit--in the form of bank lending, mortgages, and asset securitizations--is a legal solution to critical business challenges. Secured credit can help creditors lend money while minimizing the risk of loss. It can also help businesses and consumers pledge assets as collateral while retaining the right to use those assets.

This course examines the use of credit and collateral in sale and loan transactions, ranging from routine consumer purchases to complex business transactions. This course uses a problem-based approach to explore commercial deals. The course implicates both statutory interpretation and policy considerations in meeting the needs, and reconciling the interests, of the various parties to secured transactions--consumers, manufacturers, dealers, lenders, insurers, and the government. The focus is on developing situations-specific legal strategies and advising clients. There are no pre-requisites for this course, but students who have taken either Commercial Law or Bankruptcy may find the background provided by those courses helpful.

3

in-class

CORP9133

Securities and Corporate Law: Theory and Practice

This course is designed to bridge the gap between the legal theory and practical realities of the practice of law by focusing on the various problems that arise in the daily practice of corporate and securities law. The course will include guest speakers who are prominent practicing lawyers. This course will also include field trips to the

American Stock Exchange, to a leading NASDAQ brokerage firm, and to a leading financial publication where students will have the unique experience of seeing how markets are made and reported with respect to major corporations. This course will explore problems engendered by investigations and disciplinary proceedings initiated by the Securities and Exchange Commission, the National Association of Securities Dealers, Inc., the stock exchanges and state regulatory authorities. Students will engage in "moot court" arbitrations as council for various parties. The preparation of prospectuses, proxy statements and annual reports will be addressed and students will prepare portions of these documents. Substantive areas of corporate and securities law such as the securities exchange act of 1934 section 10(b) and rule 10b-5 will be discussed. There will be writing assignments during the course of the semester.

2

in-class


ACADEMIC STANDING

LLM students must remain in good academic standing throughout the program. In order to graduate, LLM students must achieve an overall GPA of 3.0. Students will be dismissed if their grades render it impossible to attain this GPA at the completion of the required program of study. Those with a GPA below a 3.0 are required to make an appointment with the Administrator of Graduate Programs to discuss appropriate next steps.

EXAM PROCEDURES

Each student is given an exam number. In addition to using his or her exam number, each student should indicate on the front of his/her exam that he/she is an LLM candidate. This allows professors to exclude graduate students from the mandatory J.D. grading curve. No other reference to identity should be indicated on the exam. Every effort to maintain a student’s anonymity will be made; however, anonymity may sometimes be compromised due to the small number of graduate students enrolled in a given class.

How to Apply or Request Additional Information About the Seton Hall Law LLM Program.

Online LLM Application

For additional information, please contact

Enrollment Services

lawonline@shu.edu
973-642-8747
or request information online.




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