Author: SEC

The Foreign Corrupt Practices Act (“FCPA”) generally prohibits the bribing of foreign officials. The FCPA also requires publicly traded companies to maintain accurate books and records and to have a sys-tem of internal controls sufficient to provide reason-able assurances that transactions are executed and assets are accounted for in accordance with management’s authorization and recorded… Continue reading FOREIGN CORRUPT PRACTICES ACT (FCPA)

The lower limit for the interest rate on a floating-rate bond.

A bond whose interest rate is adjusted periodically according to a predetermined formula; it is usually linked to an interest rate index such as LIBOR.

A long-term bond with a set interest rate.

An insurance product that promises a minimum rate of interest while your account is growing. The insurance company also guarantees that the periodic payment will be for a set amount for a fixed period, such as 20 years, or an indefinite period, such as your lifetime.

You should check out the registration status and background of any financial professional before becoming a client.  Even if a close friend or family member recommends a financial professional, you should still check out that person to make sure they are licensed and for signs of potential problems.  Anyone registered to sell securities or provide… Continue reading FINANCIAL PROFESSIONALS – BACKGROUND CHECKS

Examples of financial products include but are not limited to the following: stocks, bonds, derivatives, and currencies.

A financial planner typically prepares financial plans for his or her clients. The kinds of services financial planners offer can vary widely. Some financial planners assess every aspect of your financial life—including saving, investments, insurance, taxes, retirement, and estate planning—and help you develop a detailed strategy or financial plan for meeting all your financial goals.… Continue reading FINANCIAL PLANNERS

The Financial Industry Regulatory Authority, a self-regulatory organization for the brokerage industry.

The Financial Accounting Standards Board (FASB) is the accounting standard setter for purposes of the Federal Securities Laws. See GAAP.