Law of Investments and Financial Markets

The book "Law of Investments and Financial Markets" by Melissa Naylor and Toni Chardon is a comprehensive legal guide focused on the various areas of law that impact investors and professionals working in the investment industry. Here is a detailed overview of the book:

Key Themes

1. Impact of Law on Investors and Professionals:

   • The book examines the legal frameworks that govern investments, including financial advisers, planners, accountants, and lawyers. It provides insights into the legal obligations and compliance requirements for those working in the investment industry.

2. Australian Financial Services Licences:

   • A major focus is on Chapter 7 of the Corporations Act 2001 (Cth), which covers the requirements for Australian Financial Services Licences. This includes discussions on legal obligations, compliance, disclosure, dispute resolution, and investor protection.

3. Royal Commission Recommendations:

   • The book is updated to include the recommendations from the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. It also discusses the latest amendments and reforms, as well as relevant regulatory guides and recent case law.

4. Forms of Investment:

   • The book covers various forms of investment, including financial services and products, managed investments, real property, and direct investments into companies. It also delves into superannuation and bankruptcy/corporate insolvency.

5. Regulatory Framework:

   • The main sources of law covered include the Corporations Act 2001 (Cth) and other relevant statutes. The book provides a comprehensive overview of the regulatory framework governing the financial services industry.

Plot Summary

The book is structured to make complex legal concepts accessible to readers. It is divided into chapters that cover various aspects of investment law, including:

• Chapter 1: The Nature of Investing in a Company - Introduces the basics of investing in companies.
• Chapter 2: Members' Rights - Discusses the rights of shareholders.
• Chapter 3: Funding Company Operations - Covers the funding mechanisms for companies.
• Chapter 4: Corporate Governance - Examines the governance structures of companies.
• Chapter 5: Corporate Insolvency - Reviews the insolvency laws affecting companies.
• Chapter 6: Managed Investment Schemes - Focuses on managed investment schemes.
• Chapter 7: Introduction to Investments and the Law - Provides an overview of investment law.
• Chapter 8: Common Law Framework for Market Participants - Discusses the common law principles applicable to market participants.
• Chapter 9: Regulation of the Financial Services Industry: Corporations Act, Chapter 7 - Delves into the regulation of the financial services industry under the Corporations Act.
• Chapter 10: Conduct and Disclosure in the Investment Advisory Process - Covers the conduct and disclosure requirements for investment advisers.
• Chapter 11: Investor Protection and Dispute Resolution - Examines investor protection mechanisms and dispute resolution processes.
• Chapter 12: Insider Trading: Using Inside Information - Discusses insider trading laws and regulations.

Critical Reception

The book is well-received for its ability to make complex legal concepts accessible to readers. It is particularly praised for its suitability for tertiary students of financial planning and finance law, as well as professionals in the field. The authors, Melissa Naylor and Toni Chardon, are recognized for their expertise in their fields, which adds credibility to the book.

Availability

The book is available in paperback format, with a recommended retail price (RRP) of $157.00. It can be purchased from various online retailers, including Booktopia, where it is available for $134.95 with free shipping.

In summary, "Law of Investments and Financial Markets" by Melissa Naylor and Toni Chardon is a comprehensive guide that provides a detailed understanding of the legal frameworks governing investments. It is highly recommended for both students and professionals in the financial services industry.