Economic espionage would also penalize a person who "receives, buys, or possesses proprietary
economic information, knowing the same to have been stolen or wrongfully appropriated, obtained, or converted."
UK banks told the PCBS they do not engage in proprietary
trading and said they do not want to, but Tyrie said that could change: "At a time when banks are under less intense scrutiny, proprietary
trading could re-emerge as a greater risk." He said proprietary
trading was not a suitable activity for a bank, and could lead to conflicts of interest, have harmful cultural effects and raise pay expectations.
"Our mission in introducing Simply Right, Artisan Fresh and Daily Chef brands is to delight members with high-quality products at an extraordinary value," vice president of proprietary
brands Maurice Markey said when the trio of new lines debuted.
The belief that open-source software is technically better, as well as cheaper, than proprietary
software has led some developing countries to consider subsidizing the development of open-source projects or giving preference to open-source over proprietary
software in procurements.
A number of banks have already shut down or spun out their proprietary
trading operations pre-empting implementation of the rule.
Morgan's employees engaged in proprietary
trading globally, at present numbering 60, are anticipated to join the new firm, the New York-based bank added.
In 2011, Monsanto plans to have a proprietary
seed treatment solution for its Deltapine cotton genetics portfolio.
Firms have an obligation to preserve the confidentiality of proprietary
client information obtained during the course of an engagement.
Nasalfent utilises PecSysTM, a proprietary
enabling technology owned by Archimedes which modulates the flow of molecules across mucosal membranes.
In Part II this Note introduces the types of information that fall under the proprietary
368(a) that at least 40% of the proprietary
interest in the target will be exchanged for issuing corporation stock; see e.g., Letter Ruling 200610007.
Not only is it less expensive, but compared with proprietary
PBX solutions, because it is open, the Denphone platform is fully programmable and expandable.