Securities Regulation

[ last updated 13-Jan-2012 ]

SECURITIES REGULATION
TAKE-HOME EXAMINATION

INSTRUCTIONS

1. Pick-up and drop-off procedures. This is a 24-hour take-home exam. You can pick up (and later drop off) the exam with my secretary Ms. Cynthia Ring (Room 3317) from 9:00 am to 3:00 pm on any of the following dates.  She will note the time you pick up the exam. You will then have twenty-four (24) hours from that time to drop it off with her.

Pick-up dates

Monday, Apr 30 through Thursday, May 3

Monday, May 7 through Thursday, May 10

Drop-off dates

Tuesday, May 1 through Friday, May 4

Tuesday, May 8 trhough
Friday, May 11

For example, if you pick up the exam at 10:30 am on Tuesday, May 1, you must drop it off by 10:30 am on Wednesday, May 2.   If you are late, Ms. Ring will note this.

For every hour or part of an hour that your exam is late, I will lower your grade by 10 points. (For example, an exam that is 1 hour, 4 minutes late would result in a loss of 20 points.)   Please save us this anguish and return your exam on time!

2. Open book exam - no research. You may refer to any materials that you had when you picked up the exam:   casebook, statutory supplement, treatises, study aids, notes, outlines -- including any materials accessible from the course website. The materials you use can be hand-written, typed, printed or stored electronically. You may not, however, conduct any additional research during the exam.

3. Vow of silence.  Once you have picked up your exam, you may not communicate about the exam with anyone until after the exam period, which ends at 3:00 pm on Friday, May 11.   Nothing, nada, not at all!  Moreover, if you have not taken the exam, you must avoid any communications about the course and exam with anyone who already has taken it.  This rule is overbroad.  It applies even if both of you have taken the exam.  In addition, you may not make a copy of your exam, which you must return when you turn in your paper.

4. The exam. The exam is divided into two parts.

(1) Short essays. The first part is a series of six questions that call for short essays. The suggested  word count is 200 words for each question.

(2) Long essay. The second part consists of one question calling for a longer essay. The suggested  word count is 800 words.

You will have time to review and modify your answers. Organization, succinctness and thorough analysis will be at a premium.

5. Budget your words. Each question has a suggested line count and word count in parentheses -- this is also the weight I will give to each answer.
 
Word count
Word total
Short essays - 6
200 words / question
1200 words
Long essays - 1
800 words / essay
  800 words 
TOTAL
2000 words

You can allocate lines and words to the exam answers as you choose, but the exam's total word limit is 2000 words. (For Word "File -   Properties - Statistics".)

6. Format your exam paper. Number your answers clearly. Observe standard margins.  Single-space your answers; double-space between answers. Back up frequently -- really!

Your paper should include a header as follows: SecReg - Palmiter (Spring 2012)   Exam # _______

In addition, at the top of the first page, include the following:

  • state the paper's total word count
  • hand-write your exam number -- your acknowledgement that you have read, understood and complied with these exam instructions and your honor code obligations in taking this exam.
7. When you finish. Keep an electronic copy of your exam paper. Print your paper and turn it into my secretary  Ms. RIng, along with the exam itself.

HAVE FUN!
GOOD LUCK!