Financial Industry Regulatory Authority

auditing standard. For example, the second general standard, “Adequate technical training & proficiency”, requires proper knowledge transfer from mentors to subordinates because the subordinates are lack of technical proficiency and knowledge on the industry at first. Although they can learn it themselves by self-studying more, it would take more time, and sometimes there are many cases that knowledge from books is not practically and directly applied in a real…

Bullseye Glass is a local glass manufacturing company in Portland, Oregon. In May 2016 Oregon Department of Environmental Quality (DEQ) reported that on May 9th and 10th the company had violated the 24-hour benchmark and released 4x higher amounts of lead that allowed and that the Bullseye Glass company was the source. (OPB, 2016.) The company responded by claiming that DEQ is attempting to close the company down. The issue had been centrally over the production of a “white opal” glass, which…

This crisis was not an accident. It was caused by an out of control industry. Since the 1980s the rise of the United States financial sector has led to a series of finical crises. Each crisis has caused more damage, while the industry has made more and more money. PART 1: HOW WE GOT HERE After the Great Depression in the 1930s the United States had 40 years of economic growth, without a single financial crisis. The financial industry was tightly regulated. Most of the regular banks were local…

A transitional Chilean TV Despite that the first television station in Chile was established in Valparaiso, a port city two hours distant from Santiago, the capital, broadcasting is a highly centralized industry and this feature has been consolidating since the early 1990s. “The transition initiated a period of major transformation, with the introduction of privately owned commercial broadcasting and cable television. The advent of these new outlets consolidated a U.S.-style commercial model,…

bank plays an important role in the growth of the economy of a nation. Bank is a financial institution, which offers the service of deposit and lending of funds. In other words, a bank is an institution that accepts idle resources from the person who has a surplus of funds and makes those funds available to borrowers who have deficits. It looks after the financial troubles of its consumer, so banks act as financial intermediaries between depositors who supply the capital and the borrowers who…

businesses, which are owned by the Green family. They are financial stakeholders of AC, who expect a financial return as well as reputation and societal impact. Green family would be considered the most important stakeholder because they are the source of capital for Anonymous Company. Page needs to weighs the expectations of the owners. She has the obligations to present the case to the owners with sufficient information as they hold the greatest authority to overall business of Anonymous…

Price elasticity refers to the change in the amount of a product demand due to change in its price. In other words, how much in quantity demand will change due to a single unit change in price. The Supervisors of microwavable food company should make the clients feel like they cannot live without their food, in case the supervisors are planning on increasing the prices for their products. This is because the company is operating in a very competitive market meaning that a slight increase in the…

Banking regulators have incentives to tread lightly in return for lucrative positions in the banking industry after they leave the SEC. And this isn’t some issue involving a few rogue employees as an investigation by the Project on Government Oversight (POGO) documented the extent of the problem. That study found that from 2001 through 2010 there were 419…

and sometimes reduce competition ). If M&A reduces competition in industry such M& A is socially undesirable and may be…

Sellafield has tossed more than 500 kg of plutonium into the sea through pipelines that are only visible from the air and the operators of these companies argue this is land-based disposal and it has been approved by the governing authorities. What does the nuclear industry gain from this? Well that is easy, the waste pipelines are hidden from public eye so no more negative press, after all if we cannot see it, it isn’t really there. The unethical practice does stop there. Even though the…