The Securities Exchange Act of 1934 JFM GM520 - Legal Political & Ethical Dimensions of Business April‚ 12 2010 The Securities Exchange Act of 1934 was passed by congress to strengthen the government’s control of the financial markets. It was preceded by the Securities Exchange Act of 1933 which was enacted during the Great Depression in hopes that the stock market crash of 1929 would not be repeated. The basic difference between the two acts was that the 1933 Act was to govern the
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The Securities Exchange Act of 1934 enabled the government to convict inside traders. Section 10b5 of this act defines exactly what constitutes illegal insider trading (Yoon & McGee‚ 2012). It was not until the first insider trading conviction in 1961 that people started to question whether this was ethical or unethical (Shrestha & Sawicki‚ 2008). Later‚ in October of 2000‚ Sections 10b5-1 and 10b5-2 defined the term “insider‚” and detailed insider trading‚ and explained what makes the act illegal
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Account for the initial consolidation of Nazi power in 1933 - 1934 Due to the failure of the Weimar Republic and general public dissatisfaction arising from poor economic conditions exacerbated by the Treaty of Versailles‚ coupled with the 1929 Wall Street Crash‚ German citizens were understandably desperate for change. Until this point in time the Nazi party‚ and Hitler‚ had been essentially unpopular. However‚ the economic situation ensured Hitler’s increasing popularity as the people looked
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April 2001 The Securities and Exchange Commission In 1934 the Securities Exchange Act created the SEC (Securities and Exchange Commission) in response to the stock market crash of 1929 and the Great Depression of the 1930s. It was created to protect U.S. investors against malpractice in securities and financial markets. The purpose of the SEC was and still is to carry out the mandates of the Securities Act of 1933: To protect investors and maintain the integrity of the securities market by amending
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington‚ D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31‚ 2008 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-2217 20FEB200902055832 (Exact name of Registrant as specified in its charter) DELAWARE 58-0628465 (State or other jurisdiction of
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State security basically entails the tendency of a nation adhering to its own set of demands in regard to the issue of security policies (Baylis‚ J.2010‚ p.233).Traditional security also involves a host of other aspects that are defined by virtue of subordination. Describing the matter further reveals that state security is primarily the protection of available institutions‚ ethics or values within a nation‚ and above all human beings living inside its boundaries (Brauch‚ 2003‚ 204). State security
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Part-A Securities Exchange Commission Securities Exchange Commission (SEC) is the regulator of the capital market of Bangladesh. SEC was established on 8 June‚ 1993 under the Securities and Exchange Commission Act‚ 1993. The Chairman and the members of the commission are appointed by the government. The commission is a statutory body and attached to the Ministry of Finance. 1. Mission of SEC: i. Protect the interests of securities investors. ii. Develop and maintain fair
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The U.S. Securities and Exchange Commission In economic society‚ most people like to invest their fortunes in the capital market and security market. As more and more investors join in the investing market which is very complex and fascinating‚ and it can be successful. Unlike the deposits are hypothecated by the federal government‚ stocks‚ bonds and other securities can lose value in capital market because their no surety. So the security and exchange commission play an important role in the capital
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The Security and Exchange Commission 1. When‚ Why‚ and by what authority the SEC was formed The SEC was founded in 1934 in the wake of the Great Depression – The SEC was created by section 4 of the Securities Exchange Act of 1934 (now codified as 15 U.S.C 78d and commonly referred to as the 1934 Act). The SEC was established by the United States Congress as an independent‚ quasi-judicial regulatory agency during the Great Depression that followed the Crash of 1929. The main reason for the creation
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business houses that need it. Structure of banking sector in India: What is RBI? The RBI is India’s central bank. The Reserve Bank of India was established on April 1‚ 1935 in accordance with the provisions of the Reserve Bank of India Act‚ 1934. RBI acts as a banker to the Government and Banks. The Central Bank maintains record of Government revenue and expenditure under various heads. It maintains deposit accounts of all other banks and advances money to other banks‚ when needed. Another
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