• Full-Time Faculty
  • Marc I. Steinberg

  • Rupert and Lillian Radford Professor of Law

  • fulltime Faculty
  • Marc I. Steinberg

  • Rupert and Lillian Radford Professor of Law

Marc I. Steinberg

Rupert and Lillian Radford Professor of Law

  • Biography

    • Marc I. Steinberg is the Rupert and Lillian Radford Professor of Law at SMU Dedman School of Law. He is the Director of SMU's Corporate Directors' Institute. He is the former Senior Associate Dean for Academics and former Associate Dean for Research at SMU Dedman School of Law. Prior to becoming the Radford Professor, Professor Steinberg taught at the University of Maryland School of Law, the Wharton School of the University of Pennsylvania, the National Law Center of the George Washington University, and the Georgetown University Law Center. His experience includes appointments as a Visiting Professor, Scholar and Fellow at law schools outside of the United States, including at Universities in Argentina, Australia, China, England, Finland, Germany, Israel, Japan, New Zealand, Scotland, South Africa, and Sweden. In addition, he has been retained as an expert witness in several significant matters, including Enron, Martha Stewart, Belnick (Tyco), and Baptist Foundation.

      In addition to his University appointments, Professor Steinberg has lectured extensively both in the United States and abroad, including at The American Bar Association's Annual Meeting, the PLI Annual Institute on Securities Regulation, the University of Texas Annual Securities Law Conference, the Aresty Institute of Executive Education at the University of Pennsylvania, the International Development Law Institute in Rome, the Hong Kong Securities and Futures Commission, the Taiwan "SEC" in Taipei, the New Zealand Securities Commission, the Australian Law Council Section on International Law in Melbourne, the David Hume Institute in Edinburgh, the German-American Lawyers' Association in Munich, the International Law Society of South Africa, the Buenos Aires Stock Exchange, the Finnish Banking Lawyers Association in Helsinki, the Swedish Banking Lawyers Association in Stockholm, and the Ministry of Internal Affairs, Economic Crimes Department of the Russian Federation in Moscow.

      Professor Steinberg received his undergraduate degree at The University of Michigan and his law degrees at the University of California, Los Angeles (J.D.) and Yale University (LL.M.). He clerked for Judge Stanley N. Barnes of the U.S. Court of Appeals for the Ninth Circuit and Judge Anthony J. Celebrezze of the Sixth Circuit, was legislative counsel to former U.S. Senator Robert P. Griffin and served as the adviser to former U.S. Supreme Court Justice Arthur J. Goldberg for the Federal Advisory Committee Report on Tender Offers.

      Professor Steinberg was an enforcement attorney at the U.S. Securities and Exchange Commission, and thereafter became special projects counsel. In that position, he directly assisted the SEC's General Counsel in a wide variety of projects and cases and served as the General Counsel's confidential legal adviser.

      Professor Steinberg has authored more than 125 law review articles as well as twenty-five books, is co-editor-in-chief of The International Lawyer, editor-in-chief of The Securities Regulation Law Journal, and an adviser to The Journal of Corporation Law and Law and Business Review of the Americas. He formerly served as a member of the FINRA National Adjudicatory Council (NAC). Professor Steinberg is a member of the American Law Institute.
  • Education

    • A.B., University of Michigan
      J.D., UCLA
      LL.M., Yale University
  • Courses

    • Securities Regulation
      Business Enterprise
      Securities Litigation & Enforcement
  • Books

    • LAWYERING AND ETHICS FOR THE BUSINESS ATTORNEY (West Academic 4th edition 2016)

      SECURITIES LITIGATION:  LAW, POLICY, AND PRACTICE (Carolina Academic Press 2016) (with Wendy Gerwick Couture, Daniel J. Morrissey & Michael Kaufman)

      BUSINESS ENTERPRISES:  LEGAL STRUCTURES, GOVERNANCE, AND POLICY (Carolina Academic Press 3rd edition 2016) (with Douglas M. Branson, Joan MacLeod Heminway, Mark J. Loewenstein & Manning Gilbert Warren)

      INSIDE COUNSEL:  PRACTICES, STRATEGIES AND INSIGHTS (West Academic 2015) (with Stephen B. Yeager)

      INSIDER TRADING (3d edition) Oxford University Press (2010) (co-authored)

      SECURITIES REGULATION TEXTBOOK (6th edition Summer 2013) (2016 Supplement)

      SECURITIES PRACTICE: FEDERAL AND STATE ENFORCEMENT (2d ed. 2001) (2016 Supplement) (lead co-author with Ralph C. Ferrara) (two volumes)

      SECURITIES REGULATION: LIABILITIES AND REMEDIES (Law Journal Press 2015) (first published 1984) (2016 Supplement)

      ATTORNEY LIABILITY AFTER SARBANES-OXLEY (2015 Supplement) (first published 2005)

      INTERNATIONAL SECURITIES LAW: A CONTEMPORARY AND COMPARATIVE ANALYSIS (1999) (Recipient of the SMU author’s award, presented by Dedman College, Godbey Lecture Series)

      DEVELOPMENTS IN BUSINESS LAW AND POLICY (2012)

      UNDERSTANDING SECURITIES LAW (5th edition 2009)
  • Articles

    • From the Regulatory Abyss:  The Weakened Gatekeeping Incentives under the UniformSecurities Act,
      35 Yale Law & Policy Review (forthcoming 2016) (with James Ames)

      The SEC's Neglected Weapon:  A Proposed Amendment to Section 17(a)(3) and the Application of Negligent Insider Trading, 19 University of Pennsylvania Journal of Business Law (forthcoming 2017) (with Abel Ramirez)

      Professor Alan R. Bromberg's Rule 10B-5, 68 SMU Law Review 617 (2015)

      Transnational Dealings -- Morrison Continues to Make Waves, 46 International Lawyer 829 (2012) (co-authored)

      Enhanced "Blue Sky" Enforcement, 50 Washburn Law Journal 563 (2011)

      The Assault on Section 11 of the Securities Act:  A Study in Judicial Activism, 63 Rutgers Law Review 1 (2010) (co-authored)

      Attorney Conflict Delimmas in Parent-Subsidiary Related Party Transactions, 38 Securities Regulation Law Journal 381 (2010)

      A Prolonged Slump for "Plaintiff-Pitchers:"  The Narrow "Strike Zone" for Securities Plaintiffs in the Fourth Circuit, 88 North Carolina Law Review 1923 (2010) (co-authored)

      Blurring the Lines Between Pleading Requirements, 30 Review of Litigation 1 (2010) (co-authored)

      'Disney' Goes Goofy:  Agency, Delegation, and Corporate Governance, 60 Hastings Law Journal 201 (2008) (co-authored)

      Examining the Pipeline:  A Contemporary Assessment of Private Investments in Public Equity (“PIPES”), 11 University of Pennsylvania Journal of Business Law 1 (2008) (co-authored)

      Attorney Liability Under the State Securities Laws:  Landscapes and Minefields, 3 University of California, Berkeley Business Law Journal 1 (2005) (co-authored)

      Minimizing Corporate Liability Exposure When the Whistle Blows in the Post Sarbanes-Oxley Era, 30 Journal of Corporation Law 445 (2005) (co-authored)

      Forward:  Symposium on International Company and Securities Law, 37 International Lawyer 1 (2003)

      Lurking in the Shadows:  The Hidden Issues of the Securities and Exchange Commission's Regulation FD, 27 Journal of Corporation Law 173 (2002) (co-authored)

      The SEC and the Securities Industry Respond to September 11th, 26 International Lawyer 131 (2002)

      Short-Form Mergers in Delaware, 27 Delaware Journal of Corporate Law 489 (2002)

      Legal Reform and the Importance of Robust Securities Markets, published in International Financial Sector Reform, at 45 (2002)

      The Development of Internationally Acceptable Accounting Standards:  A Universal Language for Finance in the 21st Century, 27 Securities Regulation Law Journal 324 (1999) (co-authored) [Republished in Yearbook of International Financial and Economic Law - 1998, at 87 (1999) and in International Financial Sector Reform, at 87 (2002)]

      Insider Trading, Selective Disclosure and Prompt Disclosure:  A Comparative Analysis, 22 University of Pennsylvania Journal of International Economic Law 635 (2001)

      The "Accredited" Individual Purchaser Under SEC Regulation D:  Time to Up the Ante, 29 Securities Regulation Law Journal 93 (2001) [column]

      Corporate Counsel:  Roles and Liabilities, 52 SMU Law Review 707 (1999), 64 Journal of Air Law and Commerce 663 (1999)

      Securities Arbitration in the United States, published in YEARBOOK OF INTERNATIONAL FINANCIAL AND ECONOMIC LAW - 1997 at 251 (1999)

      The Private Securities Litigation Reform Act:  Contribution and Proportionate Liability, 25 Securities Regulation Law Journal 333 (1997) (co-authored)
       
  • Book Chapters

    • Emerging Capital Securities Markets:  Tasks, Challenges and Objectives, published in A NEW INTERNATIONAL FINANCIAL ARCHITECTURE:  A VIABLE APPROACH, at 237 (The British Institute of International and Comparative Law 2001)
  • Presentations

    • Competition and Financial Regulation
      Speaker
      National Law School of India University
      Bangalore, India (May 1, 2012)
      (by Skype)

      Corporate Governance – A Master Class 2011
      Speaker
      Practising Law Institute
      New York City (February 16, 2011)

      Roundtable on Corporate Raiding
      Participant
      Insider Trading and the World Financial Crisis
      Moscow State University (May 28, 2009)

      The Second Annual Institute on Securities Fraud
      Speaker
      American Bar Association, Section of Business Law
      Washington, D.C. (October 26, 2007)

      Recent Developments in U.S. and European Securities Regulation
      Public Lecture
      University of Hong Kong (October 5, 2004)

      Securities and Futures Commission (SFC)
      Training Seminar
      Hong Kong (October 8, 2004)

      Corporate/Securities Attorneys:  Ethical and Liability Concerns
      Program Sponsored by the Practising Law Institute and Vanderbilt University School of Law
      Nashville, TN (2002)

      Ethical and Legal Challenges Facing Securities Lawyers
      The Association of the Bar of the City of New York (2001)

      Ethical and Legal Issues Facing Securities Lawyers
      Thirty-First Annual Institute on Securities Regulation
      Practising Law Institute (1999)

      Emerging Capital Markets:  Proposals for Consideration
      ABA Annual Meeting, Section of Business Law
      Toronto, Canada (1998)

      Capital Markets Reform in Emerging Markets:  Selective Lessons from the United States Models
      100th Anniversary of the University of Peking
      Beijing, China (1998)

      Insider Trading and Government Enforcement
      Perth, Australia (1998)

      The U.S. Corporate Attorney -- Ethical and Legal Issues
      Tokyo, Japan  (1997)
  • Other

    • Academic Advisory Board
      BLACK'S LAW DICTIONARY

      Visiting Professor of Law, Bar Ilan University (March 2013)

      Visiting Professor of Law, University of London (October 2012)

      Paul Hastings Visiting Professor, Faculty of Law, Hong Kong University (Oct. 1-10, 2004)