Sunday, February 9, 2020

Creating a successful corporate culture after a merger PowerPoint Presentation

Creating a successful corporate culture after a merger - PowerPoint Presentation Example It, therefore, has culminated into a cutthroat type of competition where the aim is to reach the pinnacle in riches and power before anything and anybody else. Since the slots at the top are few and limited in number, short-cuts and illegal means among them fraud and insider trading are sought by any people in this country in their daily bid to realize their dream of greatness. Purpose of the Memo It is thus with a great urge that I write to the chairperson of the Securities and Exchange Commission with proposals whose aim is to minimize cases of fraud, insider trading and unlawful actions by people and business with the intentions of making quick money. The main aim of this proposal is to contribute to the Securities and Exchange Commission’s efforts towards reining in fraudsters and insider trading who plunder other people into poverty. The commission’s efforts cannot be assumed to have been useless in any way since they have prevented most of the cases that would hav e caused damage to the whole financial sector (Mallor, Barnes, Bowers & Langvardt, 2012). It replaces some existent rules and regulations in place since they have evidently failed to rein in the criminals and, most importantly, managing financial crimes as displayed by the 2008 global recession. Findings of numerous research studies on the 2008 global recession indicate that the spending behavior of US citizens and the laxity of the Securities and Exchange Commission are responsible for the recession. It should be put into consideration that the main aim of all regulatory bodies in this sector should be the prevention of the crimes since, as they say, prevention is better than cure. The Current Laws The United States government has made enormous efforts towards handling the issue of financial crimes by setting the Securities and Exchange Commission which has established a number of rules governing the US business environment to see to a balanced business environment for all business participants. Among these rules are those against the illegal type of insider trading and fraudulent activities in general. For instance, Rule 10b5-1 prohibits insider trading by stating that it is illegal for individual to engage in a trade arrangement using non-public information. However, the rule permeates individuals to only trade under special instances in which there is lack of knowledge that the information was non-public. Moreover, the actions of the trader must be in good faith. The second rule by the Securities and Exchange Commission meant to curb illegal insider trading is the Rule 10b5-2. It is a rule clarifying how the misappropriation theory applies to certain non-business relationships. The rule states that individuals with the privilege of access to confidential information have the obligation to maintain the privacy and confidentiality of such information. Persons violating the law are liable for breach of information confidentiality as outlined by the misappropr iation theory. The Securities and Exchange Commission has established several measures targeting at minimizing the level of financial fraud in major areas of the US business industry. These include the use of people who have inside information on the fraudulent cases being undertaken by companies who tip the Securities an

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