The recent credit market turmoil, including the subprime
meltdown and investigations into the failed auction rate securities
market, has resulted in dramatic reductions in the trading prices
of, and reduced liquidity in the markets for, securities and
financial instruments at the focus of the crisis. Institutions
recording the value of their assets based on current market prices
have taken large write-downs, as prices have fallen and active
markets, such as the mortgage-backed securities ("MBS")
and auction rate securities ("ARS") markets, have
disappeared. Market observers have noted that in some cases, the
current fair value of these assets may be less than the present
value of expected cash flows from these assets....
Specific Questions relating to this article should be addressed directly to the author.
On Wednesday, April 7, 2010, the U.S. Securities and Exchange Commission (SEC) announced proposed revisions to Regulation AB and other rules, including Rule 144A and Regulation D, regarding the offering process, disclosure and reporting requirements for asset-backed securities (the Proposed Rule).
Under Turkish law, in order to establish a pledge over moveable assets, physical possession of such assets shall be transferred to the pledgee in order to perfect the pledge.
The Securities and Exchange Commission announced July 21, 2010, that its staff was proposing a new rule and rule amendments that would place limits on the cumulative sales charges investors pay and encourage competition by allowing funds to permit broker-dealers to establish their own sales charges.
On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act") which significantly amends Federal oversight of the financial industry.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted on July 21, 2010 (the "Act"), will have a substantial impact on the investment management industry.
On July 21, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Financial Reform Act), which includes new whistleblower protections that could potentially increase reporting of alleged Foreign Corrupt Practices Act (FCPA) violations.
Demerger of the capital stock companies is a model of restructuring of the companies. Despite of being an important part of the Commercial Law, demergers were not regulated under Turkish Commercial Code.
The historic Dodd-Frank Wall Street Reform and Consumer Protection Act passed last week by the Senate and signed into law on Wednesday, July 21, 2010 by President Obama, includes among its many provisions sweeping amendments to the Commodity Exchange Act (CEA) and the Securities Exchange Act of 1934 (Exchange Act).
