$6.96
Details
Stock Frauds, Manipulations, and Insider Trading
Author: T. D. Saler, M. Dykstra & D. Christensen
Series: The Secrets of the Great Investors Series
Narrator: Louis Rukeyser
Unabridged: 2 hr 55 min
Format: Digital Audiobook
Publisher: Blackstone Audiobooks
Published: 03/06/2006
Genre: Business & Economics
Synopsis
An early form of stock fraud was watering, where more shares were issued and sold that were authorized by the company (thus diluting the value of all shares) In a corner, traders sought to control so much of a stock that short sellers (who had borrowed shares and sold the with the expectation of buying back later at lower prices) were forced to buy shares they owed from the manipulator, on his terms. Famous corners included First Harlem Railroad and the famous Erie raids. The Ponzi scheme (or pyramid scheme) perfected by Charles Ponzi in the 1920s, is the investment equivalent of a chain letter, with returns for early investors, until all collapses when new investment runs dry. After the 1929 stock market crash, the securities reform of the 1930s curbed many types of fraud and manipulation. Insider trading is a longstanding issue in securities markets. The issue essentially is how fair and equitable trading can be maintained despite great differences among traders in their knowledge of a companys affairs. After the Securities Act of 1933 created the Securities and Exchange Commission, and the Securities Exchange Act of 1934 gave the commission powers, a 1942 rule known as Rule 10b5 established guidelines for stock purchases by major market players or insiders. A series of Supreme Court cases in the 1950s and 60s elaborated the laws on insider trading, and scandals of the 1980s led to still further attempts at reform. Analysis of stock trades by company officials (insiders) remains a poplar type of analysis that guides many purchases of stock.
by Thomas J. Stanley
Do you have the millionaire mind? The runaway bestseller The Millionaire Next Door told us who America's wealthy really are. The Millionaire Mind tells how they got there, and how to become one of them. Inside, you'll discover the surprising answer...
Published: 09/01/2000
by Giovanni Rigters
You know that you need to start investing, because you won’t be able to work your whole life. You don’t want to be the old employee working as a door greeter at your big chain department store. It will also be frustrating and very depres...
Published: 01/28/2019
by Michael Hyatt
Great leaders are driven to win. Yet career wins can come at great cost to your health, relationships, and personal well-being. Why does it seem impossible to both win at work and succeed at life? Michael Hyatt and Megan Hyatt Miller know we can d...
Published: 04/20/2021
by Napoleon Hill
Think and Grow Rich is the number-one inspirational and motivational classic for individuals who are interested in furthering their lives and reaching their goals by learning from important figures in history. The text read in this audio is the o...
Published: 10/01/2011
by George S. Clason
The Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,000 years ago in ancient Babylon.The parables are told by a fictional Babylo...
Published: 07/01/2020
by Stephen R. Covey
The crucial challenge of our world today is this: to find our voice and to inspire others to find theirs. It's what Covey calls the 8th Habit, the soul's yearning for greatness and the organization's imperative for significance and superior results.
Published: 01/01/2012
by Og Mandino
What you are today is not important . . . for in this runaway bestseller you will learn how to change your life by applying the secrets you are about to discover in the ancient scrolls. “I will persist until I succeed. I was not delivered...
Published: 11/01/2016
by Stephen R. Covey
*New York Times bestseller—over 25 million copies sold * *The #1 Most Influential Business Book of the Twentieth Century* One of the most inspiring and impactful books ever written, The 7 Habits of Highly Effective People has captivated reader...
Published: 01/01/2000
by Thomas J. Stanley
The incredible national bestseller that is changing people's lives -- and increasing their net worth! Can you spot the millionaire next door? Who are the rich in this country? What do they do? Where do they shop? What do they drive? How do the...
Published: 09/01/2000