Search results
Results From The WOW.Com Content Network
Materiality is particularly important in the context of securities law, because under the Securities Exchange Act of 1934, a company can be held civilly or criminally liable for false, misleading, or omitted statements of fact in proxy statements and other documents, if the fact in question is found by the court to have been material pursuant ...
The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (Pub. L. 73–291, 48 Stat. 881, enacted June 6, 1934, codified at 15 U.S.C. § 78a et seq.) is a law governing the secondary trading of securities (stocks, bonds, and debentures) in the United States of America. [1]
The theory states that under these conditions, there is a causal link between any misstatement and any stock purchaser, because the misstatements defraud the entire market and thus affect the price of the stock. Therefore, a material misstatement's effect on an individual purchaser is no less significant than the effect on the entire market.
Northway also accused National of collusion to manipulate market prices by engaging in a series of transactions with Madison Fund, Inc., a mutual fund. One of National's directors also had a seat on Madison's board, and in the period prior to National's acquisition of TSC, Madison's purchases of National's common stock accounted for 8.5% of all ...
Data source: Finviz.com. The two most interesting stocks among top-performing S&P 500 shares. Vistra (NYSE: VST) also benefited from the boom in AI applications, as data center companies signed ...
Tesla stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok.The social media platform needs to find an American buyer, or it will effectively face a countrywide ...
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud in the United States. It was promulgated by the U.S. Securities and Exchange Commission (SEC), pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934. [1]
The Supreme Court’s decision to uphold the looming TikTok ban may have corporate consequences far beyond the app's parent company, impacting American tech giants and the broader U.S. stock market.