Executive Summary Kenneth Jones, the president of Viscotech, has a handful of regulatory issues to resolve before moving any further with operations. Ideally, the company would have considered SEC regulations before raising the $976,000 in December 1997 from 34 investors through the MIFT pool. Most importantly, Viscotech was desperate for money, so they did not notify the SEC, and accepted money for securities offered under Regulation A, which had not been finalized by the SEC staff. Viscotech advertised the MIFT as a trust, when it appears to be a contract to buy securities at a future date, but we argue that the security vehicle is exempt under Regulation A (see Exhibit 1) for the following reasons. Under the Securities Act of 1933, the MIFT does not automatically fall into the category of exempt securities, so the company must still file a offering statement with the SEC to avoid penalties.
STEEBY VS FIAL Tort Liability Charles Fial and Roger J. Steeby entered into a partnership called Audit Consultants to perform auditing services. Pursuant to the agreement, they shared equally the equity, income, and profits of the partnership. Originally, they performed the auditing services themselves, but as business increased, they engaged independent contractors to do some of the audit work. Fial’s activities generated approximately 80 percent of the partnership’s revenues. Unhappy with their agreement to divide the profits equally, Fial wrote a letter to Steeby 7 years later, dissolving the partnership.
3. St. Louis testified that while he had told his manager “there ha [d] been unreasonable delays on Mr. Hallee's part” in responding to the audit, he had refused to sign a letter formally accusing Hallee of the same. St. Pierre, claiming that this left the jury with the mistaken belief that St. Louis felt positively toward Hallee, wanted to cross-examine St. Louis regarding evidence that St. Louis, when asked by IRS personnel for names of tax preparers that they might investigate for misconduct, had recommended Hallee's firm to them as a possible
The banks require USG to lock in fixed rates for four years for 75% of the principal. There were also some operating restructuring, including discontinuation of products and distribution channels that failed to meet requirements, layoffs and early retirements. Meanwhile, Desert Partners attempted to acquire USG that they indicated a willingness to increase their bid to $50.00 or more per share in cash for 72% of the shares. Shareholders had to decide whether to wait and vote for the proposed restructuring or tender their shares to Desert Partners. Our recommendation is to reject Desert Partner’s tender offer, and to implement the leveraged recapitalization.
Individual: Fully applying a decision-making framework LeAnn Lewis IT/220 1/20/13 Bryan Baker Locker Room Talk Ethics Case The Locker Room Talk ethical case outlines a situation that is an ethical dilemma for CPA Albert Gable who has performed personal financial planning for Larry and Susan Wilson. Mr. Gable became personal friends with the Wilson’s while preparing the financial plan for them that lasted for six months. And was also involved in their personal relationship and seriously discussing a divorce among the couple. During this period Mr. Gable had to perform the annual audit for one of the largest banks in the town where they all live. During his audit test, the sample pulled included the Wilson’s loan information selected as random.
In May, Common shares were reclassified into Class A voting and Class B non-voting shares in preparation for the June issue of $ 65 million convertible debentures into Class B Shares. In July Canada’s Financial Press published articles Finning was showing signs of an approaching downturn while British Columbia’s economy was expanding. Sales actually declined if the facts for inflation not considered. In October Sood took office as CEO. o Several restraint measures had already been instigated.
Fastow ended up serving as a witness for the prosecutor in the case against Enron and received a reduced sentence of only ten years. Mr. Fastow’s wife was also charged in the case and had to serve one year in prison. The collapse of Enron forced senators and even a U.S. President to get involved in the creation of a task force whose purpose is to identify methods what will strengthen the American's workers retirement
RACHMAN’S DISCOUNT STORE -Roger Dickinson Summary Louis Rachman is a president and chief executive officer of Rachman’s discount store in a major city in the south east. The case study basically talks about Rachman’s confusion regarding the advertising budget. He thought about investing dollars in advertising but it seems to be contradicting what he have learned in business school and the principle he had been following that was beaten by his professors, which he revisits in his mind, i.e. “never spent any money for anything unless you are reasonably sure that you will get back more than you spent.” After eight years of commencement of business he is trying to ascertain an optimum advertising expenditure level for his stores but the answers still confuses him. Rachman decides to list what he knew about advertising by retailers i.e.
She lied to Torvald that the money had come from her father (830). In the meantime, Krogstad, a bank clerk, arrived and entered Torvald’s study. Nora reacted uneasily to Krogstad’s visit (832). After others departed, Nora and Krogstad had a word, which revealed that Krogstad was the source of Nora’s secret loan. Krogstad asked Nora to convince Torvald not to fire him, emphasizing that he had a contract that contained signature of Nora’s father which Nora forged (838).
During the past 6 months, however, you have managed to assemble a fine staff of wardens and other subordinates in the prisons and have implemented a number of policies that provide for educational, vocational, and treatment opportunities, which have been gaining national attention for their effectiveness. Recidivism has been reduced to 30 percent, and your policies are beginning to be accepted by staff and citizens alike. Running a “Take Back the Streets” anticrime campaign, a politically inexperienced person (formerly a popular college quarterback playing at a state university) was recently elected governor. The new governor has just sent you a letter stating in effect that your institution is not the “Ritz” and