Security Essays (Examples)

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Securities Regulation the Securities and

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 88985050

The U.S. Supreme Court then granted a writ of certiorari to determine the meaning of the language "in connection with the purchase or sale of any security" (Reed, O. Shedd, P. Morehead, J. & Pagnattaro, M. 2008).

What argument did the security dealer make in seeking to have the civil complaint dismissed?

andford's defense in this matter was particularly interesting as he does not deny his involvement in the "simple theft of cash or securities in an investment account" (Reed, O. Shedd, P. Morehead, J. & Pagnattaro, M. 2008). For andford the issue is not that he sold the securities which he contends "were perfectly lawful," rather that the fraudulent activity of "misappropriation of the proceeds is desultory from the actual sale of the securities. If andford's argument is believable then the sales of securities would have been aligned with the investment strategy designed to secure principal and generate income.…… [Read More]

Zandford's defense in this matter was particularly interesting as he does not deny his involvement in the "simple theft of cash or securities in an investment account" (Reed, O. Shedd, P. Morehead, J. & Pagnattaro, M. 2008). For Zandford the issue is not that he sold the securities which he contends "were perfectly lawful," rather that the fraudulent activity of "misappropriation of the proceeds is desultory from the actual sale of the securities. If Zandford's argument is believable then the sales of securities would have been aligned with the investment strategy designed to secure principal and generate income. Zandford's contention falls squarely on the premise that the securities transactions were legitimate sales and not concomitant with intent to defraud.

What does the Supreme Court Conclude with respect to the language "in connection with the purchase or sale of any security?

The question of "in connection with the purchase or sale of any security" invariably falls to the Court's interpretation of the circumstance surrounding the Zandford transactions. The Court rejects Zandford's argument that the sales and the transfers of funds from Wood's account to Zandford's were separate and disconnected. Zandford's argument falls apart because the sales "throughout the two-year period" (Reed, O. Shedd, P. Morehead, J. & Pagnattaro, M. 2008) reflect a deliberate and concerted effort to "convert the proceeds of the sales of the Woods securities to his
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Securities Market Relatively New Trend

Words: 903 Length: 3 Pages Document Type: Essay Paper #: 74859653



Mohr, and Webb 45)

The change includes increased consumer awareness of the corporate social responsibility (CSR) of a company to companies seeking to make such commitments to CSR marketable to the public. Companies are taking note that their CSR behaviors are important to investors in both mutual and individual investment funds, not to mention direct sales of products manufactured by the company.

This change is a significant one, and is growing in popularity, expanding to include the development of brokers an firms who specialize in different types of socially responsible business investment. Those who have a particular interest in social issues, such as fair employment or local manufacturing and employment can seek out such a broker. While those who are more about environmental issues can seek out a broker who specializes in finding companies that work within the goals of developing sustainable environmental business practices, energy efficiency, the use of…… [Read More]

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Securities Law and Ethics After

Words: 1952 Length: 6 Pages Document Type: Essay Paper #: 22022162

"Yet earnings estimates have acquired a life of their own and often generate more attention from the media and analysts than a company's actual financial results." (Whalen, 2003).

More conservative critics of analyst conflicts rules believe that they are a step in the right direction, but view them as a work in progress. For example, the Sarbanes-Oxley bill, which mandated many improvements in corporate managers' financial practices, did nothing to reduce the unethical practice by many managers of communicating only with those analysts who cooperate with management's forecasts of the future (oni and Womack). This and other rules need strengthening.

Wall Street Journal reported in April 2003 that the brokerage firms of the top investment banks are still more likely to give optimistic research recommendations to their own banking clients, calling to question if new disclosure rules reapply protect investor clients (oni and Womack). With all the hoopla to protect…… [Read More]

Bibliography

60 Minutes - the sheriff of Wall Street (2002, October 6). Retrieved January 11, 2005 from James Hoyer Web site: http://www.jameshoyer.com/news_cbs_merrill_lynch.html

Boni, L. And Womack, K.L., Wall Street research: will new rules change its usefulness? Retrieved January 11, 2005 from The University of New Mexico Web site: http://66.102.7.104/search?q=cache:Vops0e1attQJ:www.unm.edu/~boni/FAJ_MayJune2003.doc+%22NASD+and+NYSE+rules%22+and+%22conflict+of+interest%22+and+%22not+enough%22& hl=en

Fleischman, D. (2003, March 6). Outline of new research analyst conflicts of interest rules. Retrieved January 11, 2005 from Security Industries Association Web site: http://216.239.63.104/search?q=cache:ETmwyiBBHrMJ:www.sia.com/ResearchManagement/pdf/ResearchOutline.pdf+%22NASD+Rule+2711%22& hl=en

Rayburn, K. (2004, Winter). Insecure securities. Impact. Retrieved January 11, 2005 from University of Louisville Web site:  http://php.louisville.edu/advancement/pub/impact/winter2004/insecure.php