At the heart of the problem is the fact that the Commission continues to believe the legal fictions incorporated in the Investment Company Act of 1940, the federal statute that regulates mutual funds.
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Congress passed historic banking regulations during the New Deal, including the Glass-Steagall Banking Act of 1933, the Securities Act of 1933, and the Public Utility Holding Company Act of 1935, all of which vastly expanded the role of the federal government in overseeing and regulating Wall Street.
While it is the duty of managers to work to maximize shareholder wealth by working for what is in the best interest of the company, not all managers act on behalf of the company at all times.
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The intent behind the Investment Company Act of 1940, which regulates mutual funds, and the Investment Advisers Act of 1940, which regulates money managers, was to provide investors with the important information they needed in order to determine whether to invest with a given manager and to judge the ongoing performance of their managers.
If you want to know how to not protect investors, take a good look at the Investment Company Act of 1940.
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Investment companies are regulated primarily under the Investment Company Act of 1940.
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Whitney Holdings is a Louisiana bank holding company registered pursuant to the Bank Holding Company Act of 1956.
That's part of the reason that Chuck is here today -- he's the president of a construction company in Pennsylvania, and the Recovery Act will fund about a third of the work his paving company will do this year.
The challenge for Dell is that it will be competing against Acer, Lenovo and others - but the sheer size of the company should act as an advantage.
For example, in the entire history of the Investment Company Act (the federal statute applicable to mutual funds) only one Compliance Director to a mutual fund adviser has ever blown the whistle on his employer since 1940.
There is some certainty that the government will act to bail the company out of trouble, but nobody knows where the buck stops.
The intent behind the federal securities laws, including the Investment Company Act and the Investment Advisors Act of 1940, was supposedly to provide investors with material information about money managers to enable them to make informed investment decisions.
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For example, the Securities Exchange Act (1934) and the Investment Company Act (1940) require that regulators consider the likely impact of a proposed regulation on efficiency, competition and capital formation.
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The company said it never advocated any act of violence against the activists and tried to persuade the government to grant clemency.
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For anyone who'd cursed out their cable company, the Telecommunications Act of 1996 promised salvation by allowing competitors to "overbuild" on top of entrenched local cable companies.
The company has already begun to act on the findings of its report.
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By law--the American Inventors Protection Act of 1999--the company Web site must disclose its batting average.
Behind the warm and fuzzy facade is a merciless commercial hierarchy ruled by an oligopoly of carriers as indispensible as the local electric company--and with the clout to act like a bunch of bullies.
Behind the warm and fuzzy facade is a merciless commercial hierarchy ruled by an oligopoly of carriers as indispensable as the local electric company--but with the clout to act like a bunch of bullies.
Texas: Information was provided to Wealthfront by the Investment Office at the University of Texas Investment Management Company upon request under Freedom of Information Act. 9 May 2011.
And it should also be pointed out that the company has been mooting the use of the JOBS Act to raise further funds for expansion.
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The company allegedly violated the U.S. Foreign Corrupt Practices Act by bribing Argentine customs officials responsible for approving the entrance of the company merchandise into the South American nation.
The Investment Company Act guards against overuse of leverage in mutual funds to protect retail investors.
If the original verdict is upheld, the company faces having money confiscated under the Proceeds of Crime Act.
For a leader to believe that he solely has the information and knowledge to act within the best interests of the company is flawed.
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Customers who paid on a credit card can claim their money back from the card company through provisions under Section 75 of the Consumer Credit Act.
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PokerStars, the biggest online poker company, has for years insisted that legal opinions it has received from several U.S. law firms state that the Isle of Man company is not breaking any U.S. law, including the wire act of 1961 that Dikshit pleaded guilty to violating.
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" Deborah A. Batts has decided to not throw out the case which Atlantic, BMG Music, Capitol Records, and "other music distribution companies" filed against XM, and claims that the Audio Home Recording Act of 1992 does "not protect the company in this instance.
There are tons of guides available for how and how not to act during the course of a company holiday event, but what about the morning after?
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Judge Jackson ruled today that Microsoft violated two sections of the Sherman Antitrust Act, and his ruling dealing with the company maintaining its monopoly through predatory behavior is the strongest part of his verdict, Hayter said.
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