MANAGMNT 260 Lecture 16: Management 12.9
21 Mar 2016
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Document Summary
Llc: hybrid of partnership and corporation, tax impacts. Are instruments such as corporate stock or limited partnership interests that evidence ownership or debt (right to be repaid but no ownership in company) Federal and state securities laws are designed to protect investors from deceptive, unfair and manipulative practices when buying or selling securities. Interpret federal securities laws and investigate law violations. Oversee the inspection of securities firms, brokers, investment advisers, and rating agencies. Oversee private regulatory organizations (finra-broker, pcaob-auditing company) in the securities, accounting, and auditing fields. Coordinate us securities regulation with federal, state, and foreign authorities (some international role) The sec"s expanding regulatory powers: (stock market crash great depression) Securities enforcement remedies and penny stock reform act of 1990. National securities markets improvement act of 1996 (nsmia)-shift away from hyper regulation of securities, big improver on small independent selling stock- opens up securities markets for companies that need it to fund their activities)
