fraud statutes of U.S. law criminalize the use of wires the enable a scheme to defraud or to obtain money by fraudulent means (Seitzinger, Morris, & Jickling, 2002). The honest-service statue, the law Skilling alleged broke that was then overturned, defines the fraud as a scheme to deprive another of the intangible right to 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…
to be listed in Hong Kong Exchange (HKE)? Alibaba had been a thing of discussions for a…
#1 – Aetna, Inc.’s Critical Accounting Policies Critical accounting policies for firms or industries are policies having a high level of subjectivity, bearing a material impact on financial statements. These estimates, required by the Securities and Exchange Commission (SEC) are outlined in the Management’s Discussion and Analysis (MD&A) section of each company’s 10-K filing as of 2002. The SEC, in requiring these estimates to be disclosed, hoped to increase investor understanding of why…
Gang, China’s security regulator has been fired. In 2013, Xiao Gang became the chief of the China Securities Regulatory Commission (CSRC). Under his tenure the Chinese stock market had soared to record highs in 2014, which fed into the market bubble. In 2015, the bubble burst and the Chinese…
I am greatly inspired by the Securities and Exchange Commission’s goal to protect investors but also enforce their accountability to conduct investments in a fair and orderly manner. It allows for a fair process in which investors are subject to an impartial analysis and decision process of their cases. It creates an atmosphere of transparency, understanding, trust, and respect between staff, citizens, and the accused. Similar to the Securities and Exchange Commission’s goal, my goal as a person…
corrupted by scandal experience the stigma effects of shame a similar way people do. The Stigmatized associations may be disparaged in the media, have their magnanimous endowments rejected, and encounter a mass movement of capacity. The Securities and Exchange Commission said the trick went into disrepair when the economy floundered and individuals began making a request to trade out their ventures. Actually, just a small amount of Madoff's a great many casualties have become the greater part…
initial public offering to raise capital (The Economist Times). According to the U.S. Securities and Exchange Commission, stocks are a type of security that give stockholders a share of ownership in a company. Investors buy stocks for different reasons but primarily because of capital appreciation, dividend payments, and the ability to vote shares and influence the company (U.S. Securities and Exchange Commission). There are different reasons why companies issue stocks and they are to get…
never occur again. The New Deal was not a negative aspect, but positive effect for the United Sates, providing the U.S. with helpful programs like Social Security, Securities and Exchange Commission and the Glass-Steagall Act. To gain a stable economy regulation and laws that were persuaded and used daily to help with the situation. For elders 65 and over, they were given Social Security. Monthly payments were given to elders, but this money did not just come from anywhere. Payroll tax was…
Southwest Airlines Headquartered in Dallas, Texas, Southwest Airlines is currently the U.S.’s largest domestic passenger airline, who transported 136 million passengers in 2014 alone and 1.5 billion since their inception in 1971 (Southwest, 2015b). The company has successfully created a distinctive corporate culture and business model centered on employing the friendliest people who provide exceptional customer service (Southwest, 2015b). Along with their employees, their dedication to…
labor departments (Patterson, 2013, p. 333). Not to mention the biggest bureaucracy growth took place in the 1930s under the leadership of Franklin D. Roosevelt’s New Deal, which included creations of the Securities and Exchange Commission (SEC) (Patterson, 2013, p. 333). Also, the Social Security Administration (SSA), Federal Deposit Insurance Corporation (FDIC), and the Tennessee Valley Authority (TVA), and numerous other federal agencies were being added as well (Patterson, 2013, p. 333).…