Harris, Caddell & Shanks, PC - Untitled 13

Tracking or Targeted Stocks

In addition to common stock, companies may issue what is known as tracking or targeted stock. For example, a large automaker that acquires a company in the computer industry may issue a tracking stock that tracked the performance of the acquired...

Significance of Par Value of a Stock

Common stock and other securities may be issued with or without a stated face value or "par" value. Par value is a nominal value of a security which is determined by an issuer company at a minimum price. Issuing stock with or without par or face...

Federal Antitrust Actions by States

States are "persons" within the meaning of the Clayton Act and are entitled to bring actions on their own behalf for damages resulting to State property from violation of provisions of federal antitrust laws. For example, a state may bring a...

Sarbanes-Oxley Act

Most states recognize that corporate directors and upper-level officers owe the corporation the duties of care, loyalty, and obedience. The duty to act in good faith has emerged in some jurisdictions as an equally...

Investment Adviser Reporting Requirements

Investment advisers must file Form ADV with the Securities and Exchange Commission or with state offices for regulating securities. Investment advisers who manage $25 million or more in client assets must file the form and register with the...