Term
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Definition
- Corporate Finance
- Market Regulation
- Investment Management
- Enforcement
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Term
| The Securities Act of 1933 |
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Definition
- Governs IPO's
- includes securities, derivatives, notes, CD's, interests in mineral or oil rights, and investment contracts
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Term
| Investment Contracts include (4 items) |
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Definition
- An investment
- in a common enterprise
- reasonably expecting profits
- derived primarily or substantially from others' managerial or entrpreneurial efforts.
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Term
| The Securities Exchange Act of 1934 |
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Definition
- Provides regulation and registration of security exchanges (NYSE), brokers, dealers, etc.
- Requires continuous disclosures by pulically held companies and regulates subsequest trading.
- Applies to companies with assets of more than $10 million and more than 500 shareholders.
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Term
| Section 10(b) of the securities exchange act of 1934 |
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Definition
| Prohibits the use of any manipulative or deceptive device in violation of SEC rules and regulations. |
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Term
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Definition
| Prohibits the commission of fraud in connection with the purchase or sale of any security. It takes affect even if a company is not have securities registered under the 1933 act. Must have federal jurisdiction like when mail, stock exchange facilities, or interstate commerce are used. |
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Term
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Definition
| No information that is not readily available to the public can be used to gain an unfair advantage in stock trade transactions. It applies to anyone that has this info, not just "insiders" of the company. |
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