These are speculative securities
and as such involve a high degree of risk.
Mitchell and Wilmarth, both professors of law at George Washington University, have also prepared a substantial introduction that places the crisis in the perspective of a gradual transition in the economy--from one resting on productivity toward one that rested on financial derivatives, speculative securities
, and an artificial housing boom.
However, when expectations for steadily appreciating speculative securities
dies down, we may very well see a wave of profit taking that gathers more momentum than the advance that brought us to our current highs.
In that case, the boss was playing the speculative securities
game," Havard said.
TOKYO, March 30 Kyodo A new bank inspectors' manual will bar banks from extending loans to finance speculative securities
and land deals, the chief causes of mammoth loans that went sour after the early 1990s burst of the asset-inflated ''bubble'' economy, according to a copy of the final version of the draft manual.
Lack of active trading compounds the risk in these highly speculative securities
NASD charged that, from the spring of 2001 through the fall of 2002, Rich and eight Florida Discount brokers engaged in a variety of fraudulent and manipulative sales practices in soliciting customers to purchase shares of two highly speculative securities
, Combined Professional Services, Inc.
Investors are advised, however, that Class C Certificates are highly speculative securities
In both cases, NASD Regulation's complaints allege a series of fraudulent practices and the extensive use of abusive and high-pressure "boiler room" sales tactics to sell low-priced speculative securities
to retail investors.
rates; and (2) investing public funds in speculative securities