English to Spanish translations [PRO]
Bus/Financial - Finance (general) | | English term or phrase: pension fund blackout periods / penny stock bars | | parecen ambos en l a sarbanes oxley act |
| Erica LKudoZ activityQuestions: 98 ( 9 open) ( 12 closed without grading) Answers: 37
Argentina
| Local time: 06:09
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| | Spanish translation:Ver explicación | Explanation:
pension fund blackout period:
período en que está prohibido contratar valores en el fondo de jubilación (si estos valores fueron adquiridos durante servicios prestados al emisor)
penny stock bar:
prohibición de contratar títulos de bajo precio
The Commission has adopted Regulation Blackout Trading Restriction (BTR) to clarify the restrictions on insider trading during ****pension fund blackout periods**** that are contained in Section 306(a) of the Act. Section 306(a) ****prevents any director or executive officer of an issuer from acquiring or disposing of any equity security of the issuer during a pension fund blackout period that prevents plan participants from engaging in transactions involving the issuer's securities held in their plan accounts. These restrictions only apply to securities that the officer or director acquired in connection with his or her employment or service with the issuer.****
http://www.wallerlaw.com/articles.cfm?currkey=395
Spanish/English Glossary
... variables. (p. 287) ****penny stock - acciones de precio bajo**** Una emisión de acciones que típicamente se vende desde $1 hasta $10. ...
www.mhhe.com/business/finance/kdh/student/olc/graphics/kapo...
PENNY STOCK
Es un valor de reciente emisión que está a la venta por menos de 5 dólares la acción y se negocia de forma no bursátil. Este tipo de valores suelen pertenecer a empresas pequeñas y relativamente desconocidas.
http://www.inversorlatino.com/auxiliar/glosario/listar.asp?m...
FEDERAL COURT AUTHORITY TO IMPOSE ****PENNY STOCK BAR**** ‑ Federal courts may now impose ****penny stock bars, conditionally or unconditionally, or bar a person from participating in a penny stock offering,**** temporarily or permanently. Previously, the SEC would bring a serious microcap or penny stock fraud action in federal district court to obtain injunctive relief, and would have to bring a separate administrative proceeding to obtain a penny stock bar, typically after the district court case was resolved. This section now allows the federal courts to impose the penny stock bar in the initial proceeding brought by the SEC (Section 603).
http://www.buchalter.com/CM/Articles/articles204.asp
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| Selected response from:
  Miguel Llorens
Venezuela
Local time: 04:39
| Grading comment super claro. gracias!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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30 mins confidence:  |
1 hr confidence:  | periodo de inmovilización del fondo de pensión / prohibición acciones especulativas de bajo precio
Explanation:
Periodo de inmovilización del fondo de pensión / prohibición de mover acciones especulativas de bajo precio.
penny stock -
Unlisted securities that trade over-the-counter and are priced under $5 per share.
http://www.wallstreetjovial.com/terms.cfm
Title vi
Sec. 603. Federal court authority to impose penny stock bars.
Authority of a court to prohibit persons from participating in an offering of penny stock.----
"(A) In general.--In any proceeding under paragraph (1) against any person participating in, or, at the time of the alleged misconduct who was participating in, an offering of penny stock, the court may prohibit that person from participating in an offering of penny stock, conditionally or unconditionally, and permanently or for such period of time as the court shall determine.
"(B) Definition.--For purposes of this paragraph, the term 'person participating in an offering of penny stock' includes any person engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of, any penny stock. The Commission may, by rule or regulation, define such term to include other activities, and may, by rule, regulation, or order, exempt any person or class of persons, in whole or in part, conditionally or unconditionally, from inclusion in such term.".
www.law.uc.edu/CCL/SOact/SOtable.html
Title iii
Sec. 306. Insider trades during pension fund blackout periods prohibited.
Section 306
Insider Trades During Pension Fund Blackout Periods Prohibited
(a) PROHIBITION OF INSIDER TRADING DURING PENSION FUND BLACKOUT PERIODS.—
(1) IN GENERAL.—Except to the extent otherwise provided by rule of the Commission pursuant to paragraph (3), it shall be unlawful for any director or executive officer of an issuer of any equity security (other than an exempted security), directly or indirectly, to purchase, sell, ... continued
Penny Stock
A highly speculative stock that doesn't trade on any of the major exchanges. The share price typically is less than $1. Penny stocks are prone to all sort of speculative bubbles, trading inefficiencies and other difficulties. They are quite risky.
http://moneycentral.msn.com/investor/glossary/glossary.asp?L...
Reference: http://www.law.uc.edu/CCL/SOact/sec603.html
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