Securities Exchange Act of 1934

On October 1, 2015 The Supreme Court of the United States agreed to rule on five cases involving Total Rewards. These cases are outlined below with a brief description and the date set for argument. Montanile v. Board of Trustees of the National Elevator Industry Health Benefit Plan (Arg. 11/09) This case is seeking to determine whether a man must repay an insurance company for medical expenses it paid after he received a settlement from the drunk driver who injured him. Montanile’s insurer,…

employers to offer retirement plans to their employees. If employers choose to offer retirement plans, they must follow strict guidelines regarding how the plans are managed, operated, and presented to employees. The Employee Retirement Income Security Act (ERISA) is the law that governs all retirement plans in the United States. ERISA laws set the requirements for how a company retirement plan must be run. While ERISA does not apply to all employers, states may also set rules for how company…

PATRIOT ACT stands for Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (Deflem, McDonough, 2015). It makes a person wonder if the name came first, or if the desire to have something seem super patriotic was enough to create a title to fit with those letters. “The American public is skeptical of the Patriot Act. More than 180 governments have urged a rollback of its expansive powers.” (Jost, 2003 p.904). People question the act because…

honest service. Enron was subject to quite a few other laws that were broken. The company was supposed to disclose all information concerning federal securities to any public investor so that the public can make investment decisions. The two major security laws that were broker were the Securities Act of 1933 and the Securities Exchange Act of 1934.…

PwC’s business has oversight from the U. S. Securities and Exchange Commission (SEC). The SEC was established by Congress in 1934 as a result of the market crash known as the Great Depression. Its role is to monitor the securities industry and capital markets. One of the core basis’ for the SEC was to secure truth from companies regarding their investments activities and ensure stability in the marketplace for investors. It is because of the SEC that Americans can put money in the bank,…

Tort law, Tony and Doug lied to Robert, their behavior was a fraud and violated the fiduciary duty of care, what they said didn’t in good faith and was harmful to the company. 2, Tony and Doug violated section 10(b) and rule 10b-5 of the Securities Exchange Act of 1934 by making untrue statement of a material fact willfully. a. Fact: Laura was fired by Doug after the meeting. b. Issue: Can Doug fire Laura legally for her behavior? c. Answer: No d. Rationale: SOX 806 protect employees who…

Associates, Inc. is a retail brokerage firm who is a wholly-owned subsidiary of Raymond James Financial, Inc. (“RJF”). The company was founded in 1962 and went public in the year of 1983; currently the company’s stock is traded on the New York Stock Exchange. The company provides financial and investment banking services including financial planning, investment, and asset management to individual investors and corporations. Raymond James’s mission is to commit their energies, intelligence and…

unnecessary. Suffice it to say that the government has been compelled to step in for the protection of depositors and the business of the nation” (4). In result the government took action to protect bank depositors and created the Banking Act of 1933. This act also created the FDIC; its purpose was to provide stability to the economy, to insure bank deposits in eligible banks against loss in case of a bank failure, and to regulate certain banking practices. So the role of the FDIC shows to be…

Sarbanes-Oxley Act, Section 301: Public Company Audit Committees, is created to address systemic and structural weaknesses that affecting the US capital markets due to failures of audit effectiveness and corporate financial responsibility that could potentially “threatened the reputation of those markets for integrity (Tsacoumis, S, Bess, S, and Sappington, A, 2003).” Section 301 provided appropriate regulatory authority of the audit committee the power to overseeing the accounting and…

many factors, which may act in an unstable way. This view of economics was first introduced during The Great Depression with Keyes’ book The General Theory of Employment, Interest and Money. Keyes believed that, during The Great Depression, aggregate demand would be the determinant of economic activity and that inadequate demands of this nature could continue the issues of unemployment. In response to these thoughts and historical…