Educational ObjectivesThe purpose of the Securities Law Internship is to offer interested students an opportunity to acquire direct exposure to legal issues in state securities regulation. Students serve as interns with securities attorneys in the Securities and Regulated Industries Bureau (formerly the Iowa Securities Bureau) of the Iowa Insurance Division. The internship experience immerses students in the administrative law processes through which state regulators enforce the Iowa blue sky law, including development of regulations for the protection of investors and enforcement actions against issuers and broker-dealers. Students participate in such varied activities as administrative decisions, enforcement actions, and development of public policy. These purposes are outlined in the Securities Internship course description, a copy of which is provided to students and field-placement supervisors at the Securities and Regulated Industries Bureau. In addition, and with respect to each student intern who registers for the internship, the field-placement supervisor, Jim Mumford, executes a program agreement pursuant to which he agrees to supervise the intern and “to ensure that the internship experience…includes exposure to the broadest possible range of appropriate legal work of the Securities and Regulated Industries Bureau. This legal work may include, but need not be limited to: 1) Attendance at administrative hearings; 2) Preparation of legal memoranda; and 3) Preparation of legal documents.” The purpose of these communications and the program agreement are to insure that there is work of sufficient quantity and quality for students.
Faculty Supervisor Professor Matthew Doré is the full-time faculty member/supervisor.
Field-Placement SupervisorsJames R. Mumford, Insurance Division, Iowa Dept. of Commerce
PrerequisitesPermission of the supervising professor, with preference to students with either experience in the securities industry or completion of Securities Law.