Securities Reform Act - panacea or a problem?
Article Abstract:
The Private Securities and Reform Act of 1995 may well increase securities litigation unless companies reform their communications practices and reach out more to institutional investors. 'Safe harbor' disclosure provisions require that companies familiarize their spokespersons with the legal language stipulated in the statute and involve top management levels in spelling out their companies' commercial intent. Clauses defining settlement responsibilities and emphasizing the plaintiff status of institutional investors could encourage disputes over compensation obligations and entitlements.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
The price of regulation
Article Abstract:
Some insurers and banking institutions have been fighting over the right to regulate insurance business. A survey shows that insurers are paying proportionately more than banks into a regulatory scheme that costs proportionately less to administer. This means that as compared with governmental banking agencies, insurance regulators spend a much smaller proportion of the taxes, fees and other assessment paid by the industry they regulate. Efficient and modern regulatory tools must be provided to support the proper existence of state regulation.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Protect your company from securities litigation
Article Abstract:
Companies should enact a number of operational reforms and implement defensive disclosures to deter the threat of securities litigation. Defensive disclosures to both securities analysts and as a part of a company's periodic reports to the Securities and Exchange Commission are recommended. Companies should also adopt procedures and policies to offset potential insider trading.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Computer assisted performance appraisal systems. The complex issues of pay equity. Performance appraisals and pay-for-performance plans
- Abstracts: Structured settlements: Panacea or placebo? Patenting coverages
- Abstracts: Effective and legally defensible performance appraisals. Pan-European Pension Funds. Eight steps for evaluating pension money managers
- Abstracts: 1042 rollover transactions: don't forget to dot your I's and cross your t's. IRA distribution rules
- Abstracts: The impact of catastrophic perils over the decades. Specialty markets confront new liability issues. The Florida involuntary market facilities: solution or illusion?