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Flashcards in Other Deck (16):
0

What is the $ threshold for reports for Bank Secrecy Act?

Transactions $10,000+

1

What is the $ threshold for record keeping under Bank Secrecy Act?

$3000
5 yr retention

2

Vertical restraint

Between employer & employee, mfg & customer

Not in direct competition

3

What is horizontal restraint?

Agreement between competitor

Illegal per se

4

What is a tying agreement?

Must buy product B to get product A. Product B is not in high demand

5

Monopoly power

Sufficient market power to control prices or exclude mkt comp

Mkt share of more than 70%

6

Sherman Act

Antitrust laws

Fair competition

No monopolies

Civil & CRIMINAL penalties

7

Clayton Act

Anticompetitive behavior not covered by Sherman

Stop activities in incipiency

8

Federal trade Commission Act

No false or misleading practices/ads

NO private party suits

9

Robinson-Patman Act

Amends & strengthens Section 2 of Clayton Act

No price discrimination of commodities of like grade & quality

10

Documents of title apply to:

Warehouse receipts
Bills of Lading
(Transported by carrier)

Article 7 of UCC

11

1933 Act - Rule 504

$1 mil limit
No specifics on investors

12

1933 Act - Rule 505

$5 mil limit
Unlimited accred investors
35 or less unaccredited investors
Annual report

13

1933 Act - Rule 506

No $ limits
Unlimited accred investors
35 or less unaccredited but sophisticated investors

14

1934 Act registration requirements

1. Traded on national exchange
2. At least 500 shareholders in any class and more than $10 mil in assets

15

1934 Act Rule 10b-5

Anti fraud provisions