Stanford Financial Group- Bankruptcy and Ponzi INTRODUCTION The Stanford Financial Group was a privately held international group of financial services companies controlled by Allen Stanford‚ until it was seized by United States (U.S.) authorities in early 2009. Stanford Group Company‚ also known as Stanford Financial Group‚ is a diversified financial services company. The company offers
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“The House of Representatives shall be composed of Members chosen every second Year by the People of the several States…” (Art. I‚ Sec. 2). Contrast this with the original constitutional language for the other house of Congress‚ “The Senate of the United States shall be composed of two Senators from each State‚ chosen by the Legislature thereof for six Years…” (Art. I‚ Sec. 3). The phrase “chosen by the Legislature” was changed to “elected by the people” by the 17th Amendment‚ but not until 1912. In
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SEC Concerned with Changes in the Public Accounting Profession The SEC and the former Chairman Arthur Levitt Jr. were extremely concerned that the public accounting firms were violating the auditors independence rules addressed through the Securities Exchange Acts. Auditing firms now had dual citizenship in public companies: (1) they issued opinions on audited financial statements and (2) they participated in various consulting engagements for those same companies. Levitt ’s solution was to split
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The Rappler’s case that led for the SEC to revoke its registration as a corporation pointed to‚ according to SEC‚ its violation on the rules on foreign investment in media companies in the Philippines. Under the 1987 Constitution and various Philippine laws‚ a media company must be owned and controlled 100% by Filipinos. If a Philippine media company has foreign investor control of more than 0% of the company‚ then the media company disobey the law related to control restrictions. The case of Rappler
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The Physics 500 Introduction: The purpose of this lab is to show how to calculate the average speed and acceleration in six different races. In order to find average speed you will need to use the formula s=d/t (s= speed‚ d=distance‚ t=time). On the other hand‚ for accelaration you will use the formula a= vf-vi/t (a=acceleration‚ vf=final velocity‚ vi= initial velocity‚ t=time). Average speed is how fast something is moving; the path distanced moved per time. Acceleration is the
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Sarbanes-Oxley-And-The-Pcaob-1018426.html). Question 2: How is SOX enforced? The Sarbanes-Oxley Act is enforced by the Securities and Exchange Commission (SEC); SOX relies on the SEC to implement rulings in accordance with the law. The Sarbanes-Oxley Act aided in the restoration of investor confidence by strengthening enforcement of the federal securities laws. The ACT authorized the SEC to issue implementation rules on many on its provisions intended to improve corporate governance‚ financial reporting and audits functions
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1/9/2013 Mass and Haul Diagram HAUL : product of earth excavated and the distance it was transported to form an embankment or to be disposed as waste. unit: meter – station (metric) = 1 m3 to be transported FREE HAUL DISTANCE (FHD) : fixed distance within which the hauling of material is not paid for but it is assumed to be included in the cost of excavation. OVERHAUL (OH) : product of volume in excess of the free haul mass and the length of overhaul in which payment is already required. LENGTH
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POLICIES ON TRADE‚ PRODUCTION AND PROFESSIONS Sec.12 The State shall promote the preferential use of Filipino labor‚ domestic materials and locally produced goods‚ and adopt measures that help make them competitive. Sec.13 The State shall pursue a trade policy that serves the general welfare and utilizes all forms and arrangements of exchange on the basis of equality and reciprocity. Sec.14 The sustained development of a reservoir of national talents consisting of Filipino scientists‚ entrepreneurs
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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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Republic of the Philippines HOUSE OF THE PHILIPPINES Quezon City ELEVENTH CONGRESS First Regular Session HOUSE BILL NO. 2277 Introduced by Hon. Loretta Ann Rosales EXPLANATORY NOTE Land is a limited resource. The absence of a nation’s land use policy‚ against the increasing demand for land for food production‚ housing‚ tourism and industries has led to the irrational use and allocation of the country’s scarce land resource. Prime agricultural lands‚ which
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