In December, the state solicited proposals for outside securities-litigation services for North Carolina's various pension funds.
Bowen will not be permitted to engage in outside securities-related sales activities.
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And courts have often looked askance at broadly using the laws on securities fraud to go after people outside of the business of issuing, underwriting and dealing in securities.
As I have often written concerning private securities transactions and outside business activities, the onset of the Great Recession placed tremendous strain upon many stockbrokers and prompted them to seek additional sources of income to replace or supplement their reduced commissions and fees.
FORBES: FOREX Private Securities Transactions Earn Stockbroker Fine And Suspension
The Supreme Court ruled that U.S. courts did not have jurisdiction over cases where securities fraud happened outside of the United States as was argued in the case concerning U.S. shareholder losses attributable to buying shares of the Australian bank (shares were traded on the Australia Stock Exchange Ltd.).
Was Whittington authorized to engage in some private securities transactions but not the specific Oxford sales or was he prohibited from engaging in any private securities transactions through his outside business?
FORBES: FOREX Private Securities Transactions Earn Stockbroker Fine And Suspension
In Mississippi, the state attorney general determines when the public employees retirement fund should bring a securities class action and which outside firms will represent the fund.
Be clear that there are two distinct permissions needed from your employing firm when you intend to engage in an outside business and also in a private securities transaction.
FORBES: FOREX Private Securities Transactions Earn Stockbroker Fine And Suspension
Besides Hogan, two Japanese, from the insurance and securities industries, were picked as outside board members.
Outside board members are rarely named in either securities class action lawsuits or Securities and Exchange Commission actions over disclosures.
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The NASD Foundation is changing its board to include more outside members who have no ties to the securities industry, and it has asked the SEC and other regulators for nominations.
Another small triumph was the European Parliament's agreement last month that two outside committees be allowed to fine-tune European securities legislation.
Our data sources include voluntary disclosures by companies, Securities and Exchange Commission filing, and estimates from Forbes researchers and outside sources.
In that role, he oversaw outside law firms, including Stoll Berne, that the state hires to pursue securities fraud lawsuits that can be a lucrative source of fees.
FORBES: State Lawyers Find New Berths At Outside Firms They Used To Oversee
The drafters seemed to have forgotten that securities include debt as well as equity, and that debt is often issued outside the issuer's home country.
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