Parking violation

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Parking violation

Often used in risk arbitrage. Illegal holding of stock by a third party, or the financing of such a stock, in which the third party's sole reason for holding the stock is to conceal ownership or control of a raider, thus sidestepping the Williams Act requirements of 5% holding limits. See: Rule 13d.

Parking Violation

The act of illegally holding or financing stock on behalf of another party with the intent to conceal that party's ownership. Parking violations occur when an investor would otherwise own more that 5% of shares outstanding, which would require him/her to register certain information with the SEC. Parking violations usually occur when a corporate raider wishes to conceal his/her intent to acquire a company and enlists another's help in doing so by asking him/her to hold or finance a certain amount of stock. See also: Williams Act.
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It said: "Parking inspectors will continue their duties to detect any parking violations."
The borough is the nation's biggest parking violations offender, racking up over 547,000 parking violations over a two-year period, according to Warranty Direct
Summary: The municipality warned drivers to park properly and avoid any parking violations.
He said the special squads had been taking stern action against parking violations on Murree Road, Airport Road, Adiala Sector, Mall Road, Cantt Saddar, Bank Road, Peshawar Road, Misrial Road, Judicial Complex, Jhelum Road, Raja Bazaar, City Saddar Road, Liaquat Road, College Road, Circular Road, Commercial Market, Sadiqabad and other parts of the city.
ISLAMABAD -- In a bid to discourage the wrong parking in the markets and commercial areas of federal capital, considered to be a main impediment in ensuring smooth flow of traffic, Islamabad Traffic Police (ITP) Monday fined over 44 vehicles in its special campaign pertaining to various parking violations.
In August, the Metro Manila Council (MMC) agreed to impose higher fines for illegal parking violations in a bid to instill discipline among motorists.
Many local councillors have not allowed the streets of these areas to come under scrutiny of parking violations, especially on Friday afternoons, Witton Road being one of many, many examples of seriously terrible and dangerous parking, but you will never ever see a traffic warden.
According to traffic police spokesperson Wajid Satti, Chief Traffic Officer Mohammad bin Ashraf warned the circle in-charge to take action against parking violations that impede vehicular movement around imambargahs.
Colonel Mohamed Radhi al-Hajri, director of the Awareness and Information Department at the General Directorate of Traffic, said such parking violations could not be justified on the pretext of a shortage of parking lots.
"The parking spaces are marked by green-painted frames with signs showing the maximum allowable use time, and the fine applicable on parking violations. Only eco-friendly vehicles are allowed to access these parking slots, and for a time limit of four hours, which will increase the rotation of using each parking," she added.