| Types of Mergers Analyzed Under Section 7 of the Clayton Act |
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| Mergers which are likely to substantially lessen competition or tend to create a monopoly in any line of commerce are illegal under Section Seven of the Clayton Act, 15 U.S.C.S. § 18. The type of merger -- horizontal, vertical, or conglomerate -- will affect consideration of the potential illegality of the merger. More... |
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| Regulation of the Price of Mutual Fund Shares |
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| The Securities and Exchange Commission requires that open-ended mutual fund shares must be sold at their net asset value per share plus allowable sales charges or fees. Under Rule 22c-1 of the Commission, an issuer, underwriter, or dealer may not redeem or repurchase a share of a registered investment company or mutual fund "except at a price based on the current net asset value of such security..." More... |
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| Business & Corporate Entities> Corporations> Directors & Officers> Management Duties & Liabilities |
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| (Sources of Document Retention Requirements) More... |
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| Investment Manager Reports To Be Filed With the Securities and Exchange Commission |
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| Institutional investment managers must report to the Securities and Exchange Commission on Form 13F those securities registered under Section 13(f) of the Securities Act of 1933 over which the investment managers exercise discretion. More... |
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| Sarbanes-Oxley Act |
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| Most states recognize that corporate directors and upper-level officers owe the corporation the duties of care, loyalty, and obedience. The duty to act in good faith has emerged in some jurisdictions as an equally important fiduciary duty imposed upon directors and officers. Historically, directors and officers were frequently exonerated of personal liability for business decisions because of courts' long-standing deference to the business decision under the business judgment rule or because the transaction was deemed fair to the corporation and its shareholders overall. In the wake of recent corporate scandals, however, officers and directors are under ever-increasing scrutiny by shareholders, the courts, state governments, and the federal government. Many corporate commentators bemoan the fact that conduct once protected under the business judgment rule may not be viewed with such deference in the future. More... |
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