Describe the International Securities Enforcement Cooperation Act of 1990
What will be an ideal response?
In 1990, the U.S. Congress passed the International Securities Enforcement Cooperation Act (ISECA). The most important provisions of this act are as follows:
a. It provides for giving foreign regulators U.S. government documents and information needed to trace laundered money and those suspected of doing the laundering.
b. It exempts from the Freedom of Information Act (FOIA) disclosure requirements documents given to the SEC by foreign regulators. Without this exemption, foreign regulators would be reluctant to provide U.S. regulators with information and alleged violators could obtain information too easily.
c. It gives the SEC authority to impose administrative sanctions on buyers and dealers who engage in activities that are illegal under U.S. law while they are in foreign countries.
d. It authorizes the SEC to investigate violations of all U.S. securities laws that occur in foreign countries.
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Dent Corporation received a loan from Jardine Finance Company. As part of the signed written agreement, Jardine required that one of the members of the board of directors of Dent Corporation act as a surety for the entire loan. The loan agreement also called for some of Dent's real estate to be used as collateral for 50% of the loan. Which of the following is correct?
A. When the loan is due, Jardine must first seek collection of the loan from Dent before resorting to the surety or the collateral. B. Jardine may choose to proceed against the surety for the entire loan when the loan is due. C. When the loan is due, Jardine needs to exhaust the collateral before resorting to the surety or the debtor. D. Jardine may only resort to the collateral if neither the surety nor the debtor can repay the loan in full.
Consumers can purchase inkjet printers for as little as $30. However, the price of replacement ink cartridges can be as much or more than the purchase price of the printer. This is part of the ________ of an inkjet printer
A) disposal costs B) acquisition costs C) usage costs D) repair costs E) ownership costs