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What do summer associates work on in securities?

Posted: Thu May 12, 2011 1:32 am
by Anonymous User
I am rotating through Securities, but have not taken Sec Reg, so I am kind of scared. Any input or advice?

Also, what upper div classes apply to Securities besides Sec Reg? Does Sales/Secured Transactions? (I took this course.) If not, how can I prepare for the rotation?

Re: What do summer associates work on in securities?

Posted: Thu May 12, 2011 1:36 am
by PKSebben
Anonymous User wrote:I am rotating through Securities, but have not taken Sec Reg, so I am kind of scared. Any input or advice?
Here's your day-to-day: Doc review. Research the Securities Act. Doc Review. Research the Securities Exchange Act. Doc Review. Research Sarbanes–Oxley Act. Enjoy!

Re: What do summer associates work on in securities?

Posted: Thu May 12, 2011 1:37 am
by Anonymous User
PKSebben wrote:
Anonymous User wrote:I am rotating through Securities, but have not taken Sec Reg, so I am kind of scared. Any input or advice?
Here's your day-to-day: Doc review. Research the Securities Act. Doc Review. Research the Securities Exchange Act. Doc Review. Research Sarbanes–Oxley Act. Enjoy!
So nothing too different from general corporate work then; and apparently, I don't have to know anything beforehand either??

Re: What do summer associates work on in securities?

Posted: Thu May 12, 2011 1:41 am
by PKSebben
Anonymous User wrote:
PKSebben wrote:
Anonymous User wrote:I am rotating through Securities, but have not taken Sec Reg, so I am kind of scared. Any input or advice?
Here's your day-to-day: Doc review. Research the Securities Act. Doc Review. Research the Securities Exchange Act. Doc Review. Research Sarbanes–Oxley Act. Enjoy!
So nothing too different from general corporate work then; and apparently, I don't have to know anything beforehand either??
It might be helpful to just know the terminology of bonds / stocks / derivatives and stuff like that. If you've had any finance background you should be fine. Maybe read "The big short" just to get an idea about the current shadow banking system?

Re: What do summer associates work on in securities?

Posted: Thu May 12, 2011 1:44 am
by Anonymous User
PKSebben wrote:
Anonymous User wrote:
PKSebben wrote:
Anonymous User wrote:I am rotating through Securities, but have not taken Sec Reg, so I am kind of scared. Any input or advice?
Here's your day-to-day: Doc review. Research the Securities Act. Doc Review. Research the Securities Exchange Act. Doc Review. Research Sarbanes–Oxley Act. Enjoy!
So nothing too different from general corporate work then; and apparently, I don't have to know anything beforehand either??
It might be helpful to just know the terminology of bonds / stocks / derivatives and stuff like that. If you've had any finance background you should be fine. Maybe read "The big short" just to get an idea about the current shadow banking system?
Don't really have a finance background, although I have taken accounting/bankruptcy/secured transactions/corporations/tax, but I swear we didn't learn much about stocks/bonds in those classes. I guess I'll wiki the terminology? Are there any short books on finance that I can read?

Re: What do summer associates work on in securities?

Posted: Thu May 12, 2011 1:48 am
by PKSebben
Anonymous User wrote: Don't really have a finance background, although I have taken accounting/bankruptcy/secured transactions/corporations/tax, but I swear we didn't learn much about stocks/bonds in those classes. I guess I'll wiki the terminology? Are there any short books on finance that I can read?
shit dude, you have 95% of what you need. Just poke around Investopedia and you're set.

Re: What do summer associates work on in securities?

Posted: Thu May 12, 2011 1:51 am
by Anonymous User
PKSebben wrote:
Anonymous User wrote: Don't really have a finance background, although I have taken accounting/bankruptcy/secured transactions/corporations/tax, but I swear we didn't learn much about stocks/bonds in those classes. I guess I'll wiki the terminology? Are there any short books on finance that I can read?
shit dude, you have 95% of what you need. Just poke around Investopedia and you're set.
I sure hope so. It's kind of sad considering the classes I have taken, but at this point I still think a derivative is something you do in calculus....I guess I'll just surf Investopedia for awhile.

Re: What do summer associates work on in securities?

Posted: Wed Jun 01, 2011 10:01 am
by Anonymous User
I'm just curious, for those of you who have taken secured transactions and payment systems, how did you go about preparing for the exam? Any study tips, or study aids/supplements particularly helpful?

Thanks

Re: What do summer associates work on in securities?

Posted: Wed Jun 01, 2011 10:19 pm
by Renzo
Anonymous User wrote:What do summer associates work on in securities?
I spent about 16 hours comparing two documents to make sure that the definitions of the terms included were the same in both.


Corporate/finance work is awesome :roll:

Re: What do summer associates work on in securities?

Posted: Wed Jun 01, 2011 11:45 pm
by traehekat
Renzo wrote:
Anonymous User wrote:What do summer associates work on in securities?
I spent about 16 hours comparing two documents to make sure that the definitions of the terms included were the same in both.


Corporate/finance work is awesome :roll:
this is the dream

Re: What do summer associates work on in securities?

Posted: Thu Jun 02, 2011 10:17 am
by TTH
traehekat wrote:
Renzo wrote:
Anonymous User wrote:What do summer associates work on in securities?
I spent about 16 hours comparing two documents to make sure that the definitions of the terms included were the same in both.


Corporate/finance work is awesome :roll:
this is the dream
It's so prestigious!

But srsly, it might suck, but it seems like a low-fuss way to rack up billables.

Re: What do summer associates work on in securities?

Posted: Thu Jun 02, 2011 9:51 pm
by NotMyRealName09
TTH wrote:
traehekat wrote:
Renzo wrote:
Anonymous User wrote:What do summer associates work on in securities?
I spent about 16 hours comparing two documents to make sure that the definitions of the terms included were the same in both.


Corporate/finance work is awesome :roll:
this is the dream
It's so prestigious!

But srsly, it might suck, but it seems like a low-fuss way to rack up billables.
You say that now.......

Re: What do summer associates work on in securities?

Posted: Fri Jun 03, 2011 8:47 pm
by Renzo
TTH wrote:
traehekat wrote:
Renzo wrote:
Anonymous User wrote:What do summer associates work on in securities?
I spent about 16 hours comparing two documents to make sure that the definitions of the terms included were the same in both.


Corporate/finance work is awesome :roll:
this is the dream
It's so prestigious!

But srsly, it might suck, but it seems like a low-fuss way to rack up billables.
I'd rather be buried neck-deep in doc review. Litigation is the life for me.

Re: What do summer associates work on in securities?

Posted: Sat Jun 04, 2011 11:49 pm
by Anonymous User
Anonymous User wrote:I'm just curious, for those of you who have taken secured transactions and payment systems, how did you go about preparing for the exam? Any study tips, or study aids/supplements particularly helpful?

Thanks
At my school secured transactions is NOT securities regulation. Secured transactions deals with the UCC. Securities regulations involves SEC regulations.