A business opportunity seller who doesn't make an earnings claim simply has to check a box "no" on the disclosure document
. A seller who makes an earnings claim checks the box "yes" and must attach the earnings claim to the disclosure document
In-house counsel should remember that Canada is a foreign country and that it would be wise to retain Canadian counsel to assist with both the preparation of disclosure documents
and the overall development of the franchise in Canada.
* Cutting by three or four times the size of the half-year disclosure document
, by basing it on interim rather than full-year accounting standards.
"Due to this lack of disclosure training and inadequate procedures for the drafting and review of bond disclosure documents
, the state made material misrepresentations to investors and failed to disclose material information regarding TPAF and PERS in bond offering documents," the SEC said.
Submissions of continuing disclosure documents
can be made using the "EMMA Dataport" section of the EMMA Web site or, for certain users submitting a high volume of documents, through a computer-to-computer connection.
CEOs AT MAJOR LIFE INSURANCE COMPANIES THINK THAT providing guaranteed income in retirement is important enough to give priority to a disclosure document
project for annuities.
At the same time more than half of Initial Disclosure Documents
, which give details on the service being offered by a firm and how much consumers are paying for it, sent out by intermediaries, contained at least five mistakes, although this was down from 80% when a similar review was carried out last year.
Along with other disclosure documents
, such as marketing and advertising materials and the investment advisory services contract, Form ADV creates a disclosure benchmark against which the adviser's actual conduct is compared to determine the adequacy of the disclosures.
The letters and opinions referred to by the practitioners are "incidental" to the statements in the disclosure documents
. For example, such letters and opinions would include the following: (1) 10b-5 letters, disclosure letters, or negative assurances letters, (2) opinions on the accuracy of the U.S.
The FSA has written to the chief executives of all mortgage lenders following its review of lenders' disclosure documents
. It said that while there were some good examples, the quality of the documents varied and many needed improvement.
Meaney's How To Buy A Franchise, an excellent book (especially for the novice entrepreneur) which is packed from cover to cover with invaluable and seasoned tips on how to research a franchise opportunity, analyze its financial and sales details, and understand typical disclosure documents
Regulation FD inadvertently raised the bar about the scope of information disclosed, to include business and competitive data typically not found in SEC disclosure documents
. When companies speak about important matters, Regulation FD now demands that such information is shared globally--and consequently, the views of the independent directors are and should be important disclosure for all public corporations.