On this day in economic and business history ...
President Franklin D. Roosevelt's first hundred days in office were a whirlwind of legislative activity focused on ending the nation's woes. Those woes were easy to trace -- things had never been the same since the great Crash of 1929. With rancor running high against bankers, financiers, and stock market hucksters, Roosevelt's administration had strong public support as it went after these disgraced masters of the universe, and one of his greatest early accomplishments was signing the Securities Act (then known as the Rayburn-Fletcher Securities Bill) on May 27, 1933.
Before the Securities Act, most stock issues and sales were governed by state laws, which were based on principles of merit. The merit-based state laws had been largely ineffective in preventing securities fraud, as enforcement, prosecution, and oversight were all generally ineffective because of weak provisions, inadequate funding, or deliberate efforts by state governments to look the other way. The act superseded state laws through the Interstate Commerce Clause, which applied to so many possible stock sale methods (telephones, mailings, and electronic transfers are all considered aspects of interstate commerce) that it effectively took over all regulation of large stock issues. This was particularly important in light of the vastly increased breadth of stock ownership preceding the Great Depression -- the number of stockholders increased more than fourfold from 1900 to 1928, to 18 million people, or roughly 10% of the population.
Hot Forestry Companies To Invest In 2014: Seafield Resources Ltd (SFF.V)
Seafield Resources Ltd., a development stage mineral exploration company, focuses on gold exploration in Colombia, Mexico, and Canada. The company focuses on its Miraflores deposit located in Colombia. It also owns a 100% interest in the Quinch铆a gold project covering 6,757-hectares in Department of Risaralda, Colombia; a 100% interest in 14 patented parcels of mining land and 1 license of occupation located in the Kenora Mining Division of northwestern Ontario; and a 100% interest in the silver-gold Picachos property located in Durango state in Mexico. In addition, the company has a NI 43-101 compliant resource estimate for its Dosquebradas gold-copper deposit in Colombia. Seafield Resources Ltd. is headquartered in Toronto, Canada.
Hot Forestry Companies To Invest In 2014: Southern Cross Media Group(SXL.AX)
Southern Cross Media Group Limited provides media services in Australia. It engages in the broadcasting of regional free to air commercial television and radio stations; and the management of online radio content. The company owns regional radio and free-to-air television, and provides entertainment, news, and information to viewers and listeners. It owns approximately 14 regional free-to-air television licenses; and 68 commercial radio stations in 38 license areas in Queensland, New South Wales, Victoria, Tasmania, South Australia, and Western Australia. The company was formerly known as Macquarie Media Group and changed its name to Southern Cross Media Group Limited in December 2009. Southern Cross Media Group Limited is based in South Melbourne, Australia.
Top Bank Stocks To Buy For 2014: Beazley Group(BEZ.L)
Beazley plc provides specialist risk insurance and reinsurance products and services in Europe, the United States, Asia, and Australia. The company?s Life, Accident, and Health segment underwrites life, personal accident, and sports risks, as well as medical, disability, and critical illness risks. Its Marine segment underwrites a various marine classes, including hull, energy, cargo and specie, marine liability, and war risks. In addition, the company?s Political Risks and Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration. Further, its Property segment underwrites commercial, high-value homeowners, and engineering property insurance. Additionally, the company?s Reinsurance segment underwrites property catastrophe, property per risk, aggregate excess of loss, and pro-rata business risks for insurance companies. In addition, its Specialty Lines segment unde rwrites professional lines, employment practices liability, specialty liability, directors? and officers? liability, and healthcare. The company was founded in 1986 and is based in Dublin, Ireland.
Hot Forestry Companies To Invest In 2014: Morgan Stanley(MS)
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. It operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. The Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, and leveraged buyouts and takeover defenses, as well as shareholder relations, capital raising, corporate lending, and investments. This segment also engages in sales, trading, financing, and market-making activities, including equity trading, commodities, and interest rates, credit, and currencies, as well as financing services, such as prime brokerage, consolidated clearance, settlement, custody, financing, and portfolio reporting services. The Global Wealth Management Group segment provide s brokerage and investment advisory services covering various investment alternatives comprising equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs; education savings programs, financial and wealth planning services, and annuity and insurance products; credit and other lending products; cash management services; retirement services; and trust and fiduciary services. The Asset Management segment offers products and services in equity, fixed income, and alternative investments, such as hedge funds, fund of funds, real estate, private equity, and infrastructure to institutional and retail clients through proprietary and third party distribution channels. This segment also involves in investment and merchant banking activities. The company was founded in 1935 and is headq uartered in New York.
Advisors' Opinion:- [By Alexandra Leigh]
As a result of an impressive fourth quarter from its wealth-management division, Morgan Stanley will spend in excess of $500 million during the next 18 months in improving computer systems for the 16,780 financial advisers and support staff who work in its brokerage joint venture with Citigroup. President Gregory Fleming commented in a memo to all Morgan Stanley Wealth Management employees on Wednesday, seen by Dow Jones Newswires, that his company plans to make tech investments “above and beyond basic running costs” in order to “ensure and accelerate the improvement of our platform’s stability and functionality.”
Hot Forestry Companies To Invest In 2014: Morgan Stanley Emerging Markets Fund Inc. (MSF)
Morgan Stanley Emerging Markets Fund, Inc. is a closed-ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc. It invests in the public equity markets across the global emerging markets. The fund invests in stocks of companies operating across diversified sectors. It makes its investments in companies across all market capitalizations. The fund benchmarks the performance of its portfolio against the MSCI Emerging Markets Free Index. Morgan Stanley Emerging Markets Fund Inc. was formed on November 1, 1991 and is domiciled in the United States.
Hot Forestry Companies To Invest In 2014: Radcom Ltd.(RDCM)
RADCOM Ltd. develops, manufactures, markets, and supports network test and service monitoring solutions for communications service providers and equipment vendors worldwide. The company offers its solutions for next-generation networks, wireless and wireline. Its product line includes the Omni-Q Network Monitoring Solution, a next-generation probe-based service assurance solution that enables telecommunications carriers to carry out end-to-end voice quality monitoring and to manage their networks and services; and the Performer family, an open platform supporting a range of test applications over various technologies. The company?s products facilitate fault management, network service performance analysis, troubleshooting, and pre-mediation with an operational support system/business support system. RADCOM Ltd. markets its products directly, and through a network of independent distributors and independent representatives. The company was founded in 1985 and is headquarte red in Tel Aviv, Israel.
No comments:
Post a Comment