Securities Exchange Act of 1934

privilege does he have? Brief Answer Under common law I would be found liable for negligence to the investors in Cardozo & Co., Inc. but not to Prosser Bank. He will also be found liable to Investors under the Securities act of 1933 and the Securities Exchange Act of 1934. Professional-client privilege would not enable me to refuse to respond to a subpoena from a government agency and the working papers…

they strayed away in doing the right thing. Stewart Enterprises was a public traded company and it’s in their best interest as well as investors that they should be reporting the correct information as well as using the correct accounting practices. This would avoid any trouble from the SEC and it keeps things honest with investors who are looking to invest in the stock. The SEC charged Stewart enterprises and some individuals for earning manipulations. The people charged were Stewart…

The Communication Act of 1934: A Critical Critique The author holds the assumption that the majority of Americans would not believe it to be true that the laws which govern access to the Internet were enacted prior to the start of World War 2. However, this is most certainly the case. The Communications Act of 1934 was signed into law by President Franklin D. Roosevelt on June 19, 1934 (cited). 5 years, 2 months, and 13 days prior to Germany’s invasion of Poland. 2016 marks 82 years since…

with disabilities. These workers are responsible for answering any questions or complaints a customer might have. For example, let's say a deaf person is having trouble with the subtitles on their tv, they would then contact the CGB so they can fix whatever is wrong. They also work with the government and local states to ensure emergency preparedness. If there is a storm going to take place, they have to be ready to send out information to the public to make sure everybody takes the right…

Per the Securities and Exchange Commission, (SEC v. Shkreli M., Greebel E., MSMB Capital and MSMB Healthcare, 2015) Shkreli violated the following sections and rules of the Securities Act of 1933, Securities Exchange Act of 1934 and Investment Advisers Act of 1940. 1) “Sections 17 (a) (1) and 17(a) (2) of the Securities Act 2) Section 10 (b) of the Exchange Act and Rule 10b-5 3) Section 10(b) of the Exchange Act and Rule 10b-21 4) Sections 206(1) and 206(2) of the Advisers Act 5) Sections…

After being charged with securities fraud, stock manipulation, money laundering, and other organized crime tactics (NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC), Belfort was sentenced to 4 years in prison and a $110.4 million dollar fine. However, after pleading guilty to fraud and money laundering along with testifying against his fellow associates, Belfort was given a reduced sentence of 22 months in Taft Correctional Center where he later wrote his biography. Daniel Porush was also…

HealthSouth is a public company who has been registered under Section 12 of the Securities Exchange Act of 1934 (Title 15, United States Code, Section 781) and is required to file periodic financial reports under Section 13(a) of the Securities Exchange Act of 1934 (Title 15, United States Code, Sections 78m(a) and 78o(d)). In preparing its income statement, HealthSouth deducted the contractual adjustment from its gross revenues to get net revenues, which were reported in the periodic financial…

The Securities Act of 1933 was also referred to as “truth in securities” law. This law had two primary objectives and applied only to the sale of securities. First it required investors have financial and other specified information concerning securities being offered for public sale in interstate and foreign commerce. It also prohibited deceit, misrepresentations, and to prevent fraud in the sale of securities. There were a number of items considered securities such as stocks, bonds, notes,…

An in-depth understanding of the Standards Setting in the Accounting Industry (SSAI) is of major importance and the historical roots involving the roles of the Securities Exchange Commission (SEC) are critical aspects of accounting. The Financial Accounting Standards Board (FASB) and the American Institute of Certified Accountants (AICPA) is a prevalent and has been a useful set of standards for accountants. A presentation of an overview of the role of the U.S. Securities and Exchange Commission…

The registration statement must be filed with the SEC before the initial public offering. An auditor is considered an expert under this section of the law; therefore, I can be held liable for issuing an incorrect opinion on Cardozo & Co.’s financial statements. Investors who purchased shares at the IPO and those who purchased shares in anticipation of the merger can sue me, the auditor, since under section 11 of the Securities Act of 1933 I am an expert who issued an opinion on Cardozo & Co.’s…