Charles Ponzi perpetrated his infamous scheme almost a hundred years ago. But his method of using new investments to pay existing investors and finance a highflying lifestyle is alive and well: just as much money is lost in the United States today from Ponzi schemes as from shoplifting. Somehow, con artists are able to dazzle wealthy, educated individuals and sophisticated institutions and convince them to hand over huge sums of money. How? This book explores these con artists' fascinating power of persuasion and deception, uncovering the subtle signals that mimic truth and honesty.
Zugriffsoptionen:
Die folgenden Links führen aus den jeweiligen lokalen Bibliotheken zum Volltext:
Introduction -- General SEC powers to exempt -- Definition of "investment adviser" under the Investment advisers Act -- Investment advisers under the investment Company Act of 1940 -- Definition of an investment company -- Companies excepted from the definition of an investment company -- Exemptions of issuers from the 1940 act -- Insider relationships -- Directors, officers, members of the advisory board, depositors, and custodians -- Qualification and disqualification of money managers -- Fraud under the advisers act -- The relationship between client and adviser : the contract -- Investment advisers and money managers are fiduciaries -- Duty of loyalty -- Fiduciaries dealing as agents : unlawful benefits -- Duty of care -- Custody of clients' funds -- Books and records -- Introducing investment companies -- Investment companies as institutional investors -- Organizing investment companies -- Operating investment companies -- Reorganizing investment companies -- Registering investment companies -- Distribution of investment companies' securities -- Investment company redemption, repurchase and exchange of shares -- Distribution of investment companies, securities, sales organizations -- Periodic payment plan certificates -- Unit investment trusts -- Face-amount certificate companies -- Regulation of other companies classified in the act -- Reporting, books, and records -- SEC enforcement -- Enforcement: private parties -- Extraterritoriality
