Read complete books and articles on: Securities Fraud

Securities Trading - financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the securities industry since World War II has been sweeping. The advent of new technologies, particularly in computers and telecommunications, has brought about a new era in securities trading. Traditional stock exchanges, while still vitally important in major cities around the world, now compete with such over-the-counter trading organizations as the National Association of Securities Dealers Automated Quotations (Nasdaq). Nasdaq and other similar systems allow computerized trading, linking investors with brokers and dealers both on a domestic and an international level. Such systems quote the highest bids and lowest asking prices on all securities, giving investors the opportunity to make optimum deals. In 1986, the London Stock Exchange created a computer-based network similar to Nasdaq with its deregulation move called "Big Bang." It connected London to a group of international securities dealers, making the city's trading floor largely obsolete. In the United States, such over-the-counter trading was at least partially responsible for the problems associated with program trading that arose in the 1980s and the collapse of the stock market in Oct., 1987. These events highlighted the weaknesses of computerized networks like Nasdaq. The 1980s were a decade of unprecedented volume and activity in securities trading because of technological innovation and new financial products. Securities fraud, particularly the insider-trading scandal, became a major issue. Insider trading, or the private trading of securities based on information that has not yet been made public, became an issue in the mid-1980s with the prosecution of such investors as Dennis Levine (1986) and Michael Milken (1988). Many contend that securities fraud of this sort has been a result of deregulation of the securities industry since at least the early 1980s, with an attendant relaxation of supervision by the U.S. Securities and Exchange Commission (SEC). The 1990s saw a renewed and accelerated effort by the SEC and other regulatory agencies to regulate the securities industry.

See A. Pessin, The Illustrated Encyclopedia of the Securities Industry (1988), M. Torosian, Securities Transfer (1988), and E. F. Fama, Foundations of Finances (1976).

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11 of the Best Books and Articles on: Securities Fraud

as selected by Questia librarians

1.

Securities Fraud, in American Criminal Law Review » Read Now
by Joseph Conahan, Janine Loaisiga Ivanova, Paul Nolette, Aram Young. 67 pgs.

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...Securities fraud. by Joseph Conahan , Janine...securities. (9) To state a valid claim for securities fraud under section 10(b) and Rule 10b-5...proximate cause of his or...
2.

Critical Issues in Business Conduct: Legal, Ethical, and Social Challenges for the 1990s (Chap. 12 "Insider Trading and Securities Laws") » Read Now
by Walter W. Manley II, William A. Shrode. 314 pgs.

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Critical Issues in Business Conduct addresses the legal, ethical, and social issues that will dominate business in the 1990s. From the impact of AIDS and problems of drug and alcohol in the workplace to financial accounting, employee rights, and sexual harassment, the book explores topical issues...
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Critical Issues in Business Conduct addresses the legal, ethical, and social issues that will dominate business in the 1990s. From the impact of AIDS and problems of drug and alcohol in the workplace to financial accounting, employee rights, and sexual harassment, the book explores topical issues arising from the relationship between business organizations and their external constituencies as well as those that characterize relationships between firms and their own managers, employees, directors, and shareholders. The aim throughout is to provide practical guidelines for dealing with the most critical business conduct issues facing managers and executives today.
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3.

Corporate Misconduct: The Legal, Societal, and Management Issues ("The Securities Industry" p. 47) » Read Now
by Margaret P. Spencer, Ronald R. Sims. 218 pgs.

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An in-depth discussion and analysis of corporate misconduct and its complexities. Volume editors and their contributors explore the legal, societal, and business ramifications; offer a wide range of real-world and theoretical examples and the lessons they teach; and provide practical recommendations...
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An in-depth discussion and analysis of corporate misconduct and its complexities. Volume editors and their contributors explore the legal, societal, and business ramifications; offer a wide range of real-world and theoretical examples and the lessons they teach; and provide practical recommendations to management for countering misconduct in their own organizations. The book is also a valuable resource for teachers and students of business ethics, management, and business-government relations.
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4.

Scientific Investment Analysis ("Rules Against Securities Fraud" p. 382) » Read Now
by Austin Murphy. 488 pgs.

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A state-of-the art treatment offering scientific procedures that require no special scientific expertise, Murphy's unusual new book provides a unified framework for the evaluation of investment assets and strategies--a particularly useful way to conduct security analysis, portfolio management, and...
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A state-of-the art treatment offering scientific procedures that require no special scientific expertise, Murphy's unusual new book provides a unified framework for the evaluation of investment assets and strategies--a particularly useful way to conduct security analysis, portfolio management, and trading, and for other general investment applications. Murphy covers practical methods for credit analysis and demonstrates ways to value equities using a pro forma model that integrates forecasting with the detailed use of financial statements and footnotes. He also explains international portfolio management within the context of a changed trading, tax, and regulatory environment. This is an important resource for investment analysts, researchers, advisers, and brokers, and an excellent text for students in certain advanced university courses.
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5.

Applications in Criminal Analysis: A Sourcebook ("Investment Fraud" p. 191) » Read Now
by Marilyn B. Peterson. 318 pgs.

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A practicing analyst combines broad training and research and hands-on experience in this first comprehensive reference/text assessing criminal, investigative, and strategic analysis techniques and reports, while showing how they support every facet of law enforcement today. The sourcebook gives a...
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A practicing analyst combines broad training and research and hands-on experience in this first comprehensive reference/text assessing criminal, investigative, and strategic analysis techniques and reports, while showing how they support every facet of law enforcement today. The sourcebook gives a history of the field of analysis and of the education and training of analysts; lists and describes analytical techniques; discusses public and strategic reporting and the application of analytical techniques in all types of investigations; highlights the work of agencies, organizations, and individuals in the field; and points to future needs and uses for criminal analysis. A glossary, a description of computer software, an encyclopedic arrangement of data, and a lengthy bibliography make this guide invaluable for analysts, law enforcement officers, and criminal justice students and experts.
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6.

The Future for the Global Securities Market: Legal and Regulatory Aspects ("Using the Law to Deter and Remedy Fraud" p. 238) » Read Now
by Fidelis Oditah. 287 pgs.

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This book consists of the proceedings of the most recent Oxford Law Colloquium, which was concerned with the global regulation of the securities market. It is particularly topical in the light of recent regulatory failures in financial markets, notably the collapse of Barings Bank. The contributors...
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This book consists of the proceedings of the most recent Oxford Law Colloquium, which was concerned with the global regulation of the securities market. It is particularly topical in the light of recent regulatory failures in financial markets, notably the collapse of Barings Bank. The contributors to this volume, experienced lawyers and economists from the USA and the UK, have produced essays which review and analyze recent developments and approaches to the legal and regulatory challenges.
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7.

Pleading Securities Fraud, in Law and Contemporary Problems » Read Now
by Elliott J. Weiss. 48 pgs.

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...Pleading securities fraud. by Elliott J. Weiss...He held that complaints alleging securities fraud should not be dismissed--and plaintiffs...routinely filed class actions...
8.

"You've Got Jail": Current Trends in Civil and Criminal Enforcement of Internet Securities Fraud, in American Criminal Law Review » Read Now
by Richard H. Walker, David M. Levine. 26 pgs.

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...criminal enforcement of Internet securities fraud by Richard H. Walker...from those engaged in Internet securities fraud seeking to justify their conduct...age fifteen was...
9.

Are Investors Listening When Politicians Speak? Assessing the Securities Fraud Liability of Political Officials Who Manage Large Civic Works Projects, in American Criminal Law Review » Read Now
by Jeffrey S. Huang. 23 pgs.

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...politicians speak? Assessing the securities fraud liability of political officials...SEC has pursued aggressively securities fraud actions (10) against local...
10.

Clintons' Fall Guy May Turn the Tables; the SEC and the IRS Are Investigating Securities and Bank Fraud Allegedly Perpetrated by a Clinton Fund-Raiser Who Says He Is the Victim of a Political Vendetta, in Insight on the News » Read Now
by Paul M. Rodriguez. 1 pgs.

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...the IRS are investigating securities and bank fraud allegedly perpetrated by...senator as he fights bizarre securities and bank-fraud charges on which hes been...many...
11.

Wall Street: A History: From Its Beginnings to the Fall of Enron » Read Now
by Charles R. Geisst. 430 pgs.

Collections: History, Entire Library

In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990's came to a close, ushering in the end of the dot com...
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In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990's came to a close, ushering in the end of the dot com boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core. In this wide-ranging volume, financial historian Charles Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulence that has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that caused monumental losses for companies like AOL Time Warner. And he recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990's, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market. Wall Street is at once the story of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, to the modern billion-dollar computer-driven colossus of today. In a broader sense it is an engaging economic history of the United States, the role Wall Street played in making America the most powerful economy in the world, and the many challenges to that role it has faced in recent years.
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