Business Law
| Regulation of the Price of Mutual Fund Shares |
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| The Securities and Exchange Commission requires that open-ended mutual fund shares must be sold at their net asset value per share plus allowable sales charges or fees. Under Rule 22c-1 of the Commission, an issuer, underwriter, or dealer may not redeem or repurchase a share of a registered investment company or mutual fund "except at a price based on the current net asset value of such security..." More... |
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| Business Review Letters -- Antitrust Clearance from the Department of Justice |
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| Before engaging in a business practice, individuals and companies may seek the view of the U.S. Department of Justice on the legality of the business practice under federal antitrust law. The procedure, known as a Business Review, allows persons to ask the Department of Justice for a statement of its current enforcement intentions. Although the Department of Justice is not authorized to provide advisory opinions to private parties, its business review procedure does allow such parties to seek a statement of present enforcement intentions. More... |
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| Mutual Fund Prospectus Comparable Information Requirements |
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| (Mutual Fund Prospectus Comparable Information Requirements) More... |
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| Formation of a Partnership |
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| A partnership is created when members of the partnership intentionally join together to carry on a business that is not incorporated. Members, or partners, may be individuals, trusts, estates, corporations, or other partnerships. More... |
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| Qualification Examinations for Persons in the Securities Industry |
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| Persons who wish to enter the securities industry to sell or trade securities must pass an initial examination in order to be eligible to register with a self-regulatory organization such as the New York or American Stock Exchanges or Nasdaq. More... |
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