In the fall of 1997, a number of law schools across the nation began heeding the call of SEC Chairman Arthur Levitt to launch, for the first time ever, clinics, staffed primarily by law students, dedicated to providing free legal services to investors of modest means who seek remedies for investment harm.
The clinics serve a dual purpose by providing both a means of recourse for investors who otherwise would not be able to afford it, and in giving securities law students valuable practical experience at an important time in their legal education.
As part of a special exhibit we are launching on the history of these clinics, the Securities and Exchange Commission Historical Society will commemorate this groundbreaking launch with a livestream program on September 14 featuring securities clinic leaders and former participating law students who will examine the history and future of the clinics and what they have meant to investors and students alike.
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