Answers
Please i need to know the "advantages and disadvantages of the security exchange commission after the introduction of universal banking"
Universal banking, more common in Europe because of the laxer restrictions, allows financial institutions to assist you in your investing decisions beyond the current CD's and money market options.
The advantage is the SEC has stringent guidelines for investment guidance professions. W/o these guidelines, a greater danger exists for unethical behavior. An example would be a bank "pushing" a stock while it owns the stock and wants the price to rise. SEC requires disclosure. There is nothing that would do the same in banking.
The disadvantage is it costs money to be trained, licensed, and monitored. These go into the sales and annual fees of investments. There would be more readily available locations and advisors for investing. There would be a return to more of the Wild, Wild West style of investment.
A short photostory on the duties and responsibilities of the Securities and Exchange Commission
please send me the locations of this government department in the philippines.,security and exchange commission.
The Securities and Exchange Commission in the Philippines is located along EDSA Ave., Mandaluyong City (approx. 50 meters) to corner Ortigas Ave. You may call tel. nos. 726-0930 or 724-1271 connecting all Depts.
I'm trying to figure out if I need to register with the SEC... I'm putting together a feature film that will cost 2 million dollars, so I obviously need to be funded by investors. My company will be a LLC that will NOT trade in the public markets. But the way I understand it, I still need to register with the SEC... unless I'm misunderstanding all this? If I do need to register, what is the cost registration?
You need to talk to a lawyer. If you were raising, say, two hundred or two thousand dollars, I'd say don't worry about it. But if you are raising two million, you'd be nuts not to get advice and other help specific to your situation from an expert.
In general, depending on the number of investors, how you solicited them, who they are, and some other factors, you may:
- Not need to do anything with the SEC, but just collect some forms from the investors (not very expensive).
- File as a private placement with the SEC (somewhat more expensive).
- Actually register the securities you're issuing with the SEC (potentially quite expensive, time consuming and burdensome going forward).
Two million isn't an enormous amount of money. You should, depending on your connections, etc., be able to go the first route.
The downside of doing things the "wrong" way is potentially steep. Among other things, if you do an unregistered public offering, your investors may be entitled to recission, i.e to return of whatever they invested, even if the film made no money. Since films are inherently speculative, that could leave you in a pretty nasty situation.
Do people in the Business world tend to dislike the SEC? One who worked for the SEC wouldn;t be really popular with that crowd, right? Thanks.
No, I don't mind the SEC. It keeps us business people in business because people better trust the US markets.
important of security and exchange commission (SEC) in our country or the word at large. The need for secuirty. The most important exchange commission
What country are you referring to? In the U S the SEC is smoke and mirrors to give the perception that the public is being protected from security fraud but in actuality its real job is to protect companies and the securities industry against the public. Occasionally, they will come to the public front with some headline grabbing action such as with the two bit case against Martha Stuart while those who are stealing billions are protected.
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News
Judge Approves Protective Order In Bank Of America-SEC CaseWall Street Journal - Oct 14, 2009
Boston GlobeThe SEC has alleged that Bank of America told investors in proxy documents for the acquisition that Merrill Lynch agreed it wouldn't pay bonuses or other SEC Broadens Inquiry Into Bank of America's Merger With MerrillBank of America sees the lightWednesday business briefs - -all 677 news articles »
Wall Street Journal - Oct 14, 2009
The investors, who filed a lawsuit in federal court in Manhattan, alleged the Securities and Exchange Commission was negligent for failing to detect the Suit Accuses SEC of Failing to Detect Madoff SchemeSEC Sued by Madoff Investors for Missing SchemeTwo Madoff victims file lawsuit against the SECall 19 news articles »Bloomberg - Oct 14, 2009
Portfolio.comCFTC, SEC Can't Ban Abusive Swaps Under Frank PlanFrank's original draft bill gave the Securities and Exchange Commission and Commodity Futures Trading Commission joint authority to “prohibit transactions Key committee nears vote on bank regulation reformFrank: We'll Create An Exchange For Derivatives DealsUS House Panel Alters Derivatives Bill To Include More Big Cos -all 295 news articles »
New York Times - Oct 14, 2009
Sacramento BeeFund executives have notified federal securities regulators at the Securities and Exchange Commission and the California attorney general's office. Calpers Launches Review of Placement Agents' FeesCalPERS begins 'special review' of fees paid to agentsCalpers Probes Fees Paid to Adviserall 66 news articles »
Bloomberg - Oct 14, 2009
SEC Fights Stanford Receiver's Bid to Revive Clawback Lawsuits“Facing certain failure, the receiver has attempted an end run around the governing body of law,” the SEC said in the filing, arguing against Janvey's bid and more »