The banking scandal: an era of new standards for professionals?
Article Abstract:
Securities professionals should reconsider their standards of practice in the light of the enforcement action by the Office of Thrift Supervision towards the law firm Kaye, Scholer, Fierman, Hayes & Handler. Areas to consider include dealing with tribunals, attorneys' ethics, pretrial penalties, judicial action coincident with administrative action, pretrial publicity, accountability of counsel for the client, overlapping regulatory powers, administrative power and information requests.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1992
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Misappropriating certainty from the securities markets: a practitioner's primer on the O'Hagan decision
Article Abstract:
The US Supreme Court's 1997 decision in US v. O'Hagan has several implications for securities dealers. The court found O'Hagan guilty of securities fraud and may encourage the SEC to push other novel fraud theories. Internal procedures should be carefully followed regarding portfolio company information, Chinese wall procedures should be supported, and personal trading by corporate insiders should be monitored to avoid O'Hagan situations.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1997
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MD&A through the eyes of management: a closer look at the SEC's Caterpillar decision
Article Abstract:
The SEC has reinforced its position that management discussion and analysis (MD&A) is essential information for investors. In re Caterpillar, Inc., Sec Exchange Act Rel No 30532 (Mar 31, 1992) is an example of the SEC taking enforcement action because it found MD&A inadequate. The SEC holds that MD&A is an opportunity for investors to see 'through the eyes of management,' and that managers have an obligation to report significant trends.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1992
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- Abstracts: Supreme Court hands windfall to owners of insolvent S corporations. Debt discharge controversy for owners of S corporations
- Abstracts: The law and practice under 35 USC 135(c). First to file or first to invent?
- Abstracts: Retirement planning and the cost of long-term care: battling the fear of the unknown. Employee benefits and the retirement decision
- Abstracts: Attempted sale of remainder did not keep property out of estate. A charitable remainder trust can't be a QSST, IRS determines
- Abstracts: Court spending under review; waste seen in U.S. courthouse construction, judicial conferences. Toxic torthouse? Ailing employees sue builders of new courthouse in suburban Chicago