The Role of PUHCA in SEC Regulations After the Great Depression, Congress and President Franklin D. Roosevelt aimed to restore public confidence in the U.S. financial sector. Following the SEC’s establishment in 1934, Congress introduced the Public Utility Holding Company Act of 1935 (PUHCA 19...
Under the Advisers Act, an “investment adviser” is generally defined as a person who “engages in the business of advising others” regarding securities. The Advisers Act is silent on the treatment of internal directors, managers, officers and employees (collectively,Internal Managers) of investmen...
Pursuant to Exchange Act Section 25(c)(2) and Section 705 of the Administrative Procedure Act, the Commission has discretion to stay its rules pending judicial review if it finds that “justice so requires.”7 The Commission has determined to exercise its discretion to stay the Final Rules pen...
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.42...
FCA’s 4,200 posts were unfilled by the middle of last month, a higher vacancy rate than at the end of last year, despite a major recruitment drive and a string of senior hires in recent months, according to documents obtained by the Financial Times under the Freedom of Information Act....
Securities Exchange Act of 1934, as amended. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as "believe...
(2) The Company, MGIC Investment and The Northwestern Mutual Life Insurance Company have agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933. See "Underwriting." (3) Before deducting expenses payable by the Company...