Section 11 refers to Section 11 of the Securities Act, formally 15 U.S.C. § 77k, which allows purchasers of a security in a public offering to bring a civil action against the issuer, underwriter, or anyone who signed or helped prepare the...
money and financial problems
Section 5
Section 5 commonly refers to Section 5 of the Securities Act, formally 15 U.S.C. § 77e, which requires issuers to file a registration statement when publicly offering securities.
Section 5 RegulationsSection 5 seeks to...
Securities fraud
Securities fraud is the misrepresentation or omission of information to induce investors into trading securities.
OverviewWhile always actionable under common law fraud, Congress, the Securities and Exchange Commission (...
swindle
Definition
To cheat a person out of money or property through fraud or deceit.
Variable annuity
An annuity — periodic payments to a recipient — that varies in amount based on the performance of the underlying investments.
Illustrative caselawSee, e.g. NationsBank of North Carolina, N.A. v. Variable Annuity Life Ins. Co., 513 U.S....
wildcard exemption
Wildcard exemption is one of a few exemptions the Federal government and state governments allow in bankruptcy that protects some of the debtor’s personal assets from creditors. In Federal bankruptcy and in states where the wildcard exemption...