Last spring, the National Association of Insurance Commissioners' Securities
Valuation Office--which is charged with evaluating the quality of insurance company investments--made a ruling that dampened the investment market for hybrid securities
for six months, causing the value of investments held by life insurers to fall $1 billion in value.
In a first attempt to shut down the securities
class action mill, Congress enacted the Private Securities
Litigation Reform Act of 1995 ("PSLRA").
Also, the target's security holders would exchange their securities
for acquirer debt instruments with identical terms, including the maturity date.
(1) Is a reverse repurchase/repurchase agreement or securities
lending/borrowing transaction executed using standard industry documentation;
When pursuing a passive, or "buy and hold" strategy, portfolio managers generally hold securities
to final maturity.
For insurance companies tapping the capital markets in turbulent times, exempt offerings to institutional investors under Rule 144A of the Securities
Act of 1933 remain a popular alternative to financings registered with the Securities
and Exchange Commission, on the one hand, and private placements on the other hand.
351(e), Congress revised that provision in 1997 by expanding the meaning of "stock and securities
" to include all stock and securities
regardless of marketability, and by adding cash as a listed item.
The auditor may need special skill or knowledge to plan and perform auditing procedures for certain assertions about derivatives and securities
. Examples of such auditing procedures and the special skill or knowledge required include--
24 and 335 ("bank-eligible securities
"), and engaging as principal in investing and trading activities, in accordance with section 225.28(b)(8) of Regulation Y (12 C.F.R.
These are the only marketable securities
owned by Royal Monarch.
, by comparison, has generally been less than 3 percent.
Returns on contributions generated in the system have been historically limited by the fund's investment in government securities
Many people harbor the misconception that stock in a public company may be freely bought and sold without compliance with Federal and state securities
The low cost of on-line stock trading has created a new type of securities
("San Paolo-IMI"), a foreign banking organization subject to the provisions of the Bank Holding Company Act ("BHC Act"),(1) has requested the Board's approval to engage through Mabon Securities