Search results
Results from the Tech24 Deals Content Network
The Securities Act of 1933 regulates the distribution of securities to public investors by creating registration and liability provisions to protect investors. With only a few exemptions, every security offering is required to be registered with the SEC by filing a registration statement that includes issuer history, business competition and material risks, litigation information, previous ...
The Securities Litigation Uniform Standards Act of 1998 ( SLUSA ), Pub. L. 105–353 (text) (PDF), 112 Stat. 3227, is a federal legislative act in the United States regarding private class action lawsuits for securities fraud. SLUSA amended portions of the Securities Act of 1933 and the Securities Exchange Act of 1934 to preempt certain class ...
The Private Securities Litigation Reform Act of 1995, Pub. L. Tooltip Public Law (United States) 104–67 (text), 109 Stat. 737 (codified as amended in scattered sections of 15 U.S.C.) ("PSLRA") implemented several substantive changes in the United States that have affected certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability ...
SEC Rule 10b5-1, codified at 17 CFR 240.10b5-1, was enacted as a regulation by the SEC in 2000. [ 11] The SEC stated that Rule 10b5-1 was enacted in order to resolve an unsettled issue over the definition of insider trading, [ 12] which is prohibited by SEC Rule 10b-5. In March 2023, in the first-ever indictment for insider trading based on an ...
The U.S. Securities and Exchange Commission ( SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. [ 2][ 3][ 4] The primary purpose of the SEC is to enforce the law against market manipulation. [ 5][ 6]: 2. In addition to the Securities Exchange Act of 1934, which ...
State Street Bank and Trust Company, also known as Global Services, is the securities services division of State Street that provides asset owners and managers with securities services (e.g. custody, corporate actions), fund accounting (pricing and valuation), and administration (financial reporting, tax, compliance, and legal) services.
A securities class action ( SCA ), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws . In cases involving misleading statements ...
In addition to the SEC’s new data breach disclosure rules, the regulator has also added a new line item called Item 106 to the Regulation S-K that will be included on a company’s annual Form ...