money and financial problems

Section 11

Section 11 refers to Section 11 of the Securities Act, formally 15 U.S.C. § 77k, which allows purchasers of a security in a public offering to bring a civil action against the issuer, underwriter, or anyone who signed or helped prepare the...

Section 5

Section 5 commonly refers to Section 5 of the Securities Act, formally 15 U.S.C. § 77e, which requires issuers to file a registration statement when publicly offering securities.

Section 5 Regulations

Section 5 seeks to...

Securities fraud

Securities fraud is the misrepresentation or omission of information to induce investors into trading securities.

Overview

While always actionable under common law fraud, Congress, the Securities and Exchange Commission (...

swindle

Definition

To cheat a person out of money or property through fraud or deceit.

Variable annuity

Definition

An annuity — periodic payments to a recipient — that varies in amount based on the performance of the underlying investments.

Illustrative caselaw

See, e.g. NationsBank of North Carolina, N.A. v. Variable Annuity Life Ins. Co., 513 U.S....

wildcard exemption

Wildcard exemption is one of a few exemptions the Federal government and state governments allow in bankruptcy that protects some of the debtor’s personal assets from creditors. In Federal bankruptcy and in states where the wildcard exemption...

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