The Investment Company Act of 1940 (“ICA”) regulates investment funds. An investment fund pools capital from investors in order to pursue a common investment strategy. Investment funds are managed by professional asset managers, who are paid a fee (plus expenses) by investors.
Auction rate securities (ARS) are long-term debt instruments or preferred securities whose interest or dividend rates are periodically reset through auctions, typically held at regular intervals such as every 7, 2
Internet fraud refers to schemes in which individuals or entities use online tools to deceive investors, often by presenting false, misleading, or manipulated information about investment opportunities.
Island Trees School District v. Pico, 457 U.S. 853 (1982) is a U.S. Supreme Court case that addressed whether the First Amendment of the U.S. Constitution prevented a public school board from removing certain books from school libraries.
Issue preclusion, also known as collateral estoppel, prevents the re-litigation of issues that were actually litigated and essential to a valid and final judgment in a prior case.
A judge is an appointed or elected official who decides legal disputes in court. Judges are required to be impartial and unbiased in their decision making. It is important to note that the specific roles and powers of judges may vary across different jurisdictions.
Judicial activism refers to the practice of judges making rulings based on their policy views rather than their honest interpretation of the current law. Judicial activism is usually contrasted with the concept of judicial restraint, which is characterized by a focus on stare decisis and a reluctance to reinterpret the law.
Judicial administration consists of the practices, procedures and offices that deal with the management of the system of the courts.
