FSA and stiffer penalties to individuals Essay Example | Topics and Well Written Essays - 3000 words

FSA and stiffer penalties to individuals - Essay Example FSA also protects consumers by reducing financial crimes in the financial markets (Davidson 2010). In the past few weeks, FSA has imposed heavy penalties on individuals for regulatory breaches. FSA has been much more efficient in ensuring prosecution of individuals who breach regulatory requirements. FSA has implemented a new policy that is aimed at deterring financial crimes through imposing penalties that reflect the magnitude of the regulatory breach, or financial scandal (Pettet 2001). The recent penalties are based on numerous factors including the need to achieve an appropriate deterrence effect and removal of any profits that may have accrued due to the regulatory breach. FSA has also considered the mitigating and aggravating factors and need to apply any settlement discount in imposing the high penalties (Davidson 2010). Main legal aspects of the cases The Financial Services and Markets Act 2000 and Market Abuse regulations of 2005 mainly deal with insider dealings and market price manipulation misconducts. The offence must occur in the prescribed markets. The prescribed markets include the markets governed by UK recognized investment exchanges (RIE) and other markets in the EEA countries. Some of the financial markets in the UK, where such market abuse occur include ICE futures, London stock exchange and London Metal exchange limited. Other markets include the NYMEX Europe limited and EDX London Ltd (Davidson 2010). The qualifying investments that are governed by FSA market abuse regulations include the transferable securities like shares, securitized debts and bonds that are regulated by the ISD directive. Other securities include the forward interest agreements, currency and interest rate swaps, future contracts and derivative securities. Firms are required to report any suspect dealings and implement adequate internal control and compliance mechanisms (Davidson 2010). FSA has the powers to deal with misconduct that is not necessarily market abuse bu t that breach the guiding principles of FSA. Sections 401 and 402 allow FSA to prosecute various financial markets offenses under the Financial Services and Markets Act of 2000 and any other relevant legislation (Pettet 2001). Some offenses include offering securities for sale to the public without publishing a prospectus since FSA listing requirements under Section 85(2) require the issuer to provide a prospectus before the actual listing. Section 397 of the Act prohibits firms and individuals from making fraudulent and misleading statements and manipulating the market fundamentals (Pettet 2001). Insider dealing is one of the criminal offenses that have led to high penalties to individuals. Insider trading is a criminal offence if the individual transacts the securities with inside information, or encourages another person to transact in the securities while in possession of inside information that is not available to other market participants (Davidson 2010). If the insider avails information to a market player other than in the ordinary performance of his duties or employment, FSA will consider such act as criminal insider dealing. Section 52(3) outlines that the above offenses are committed when dealing with a security in the regulated market or where transactions of price affected securities are executed by an individual using the inside information or are conducted by a professional intermediary using such inside

Economics - war, crime, and terror Essay Example | Topics and Well Written Essays - 500 words

Economics - war, crime, and terror - Essay Example It is evident that war and other terror attacks are known to cause economic and psychological effects of varying intensity. Nonetheless, these impacts come from the indirect costs of crimes that differ through sectors, countries and time (Schneider & Meierrieks 17). The most notable consequence associated with crimes is the human loss. Terror activities are known to cause civilian mortalities ranging from hostage takeover to the bombings (Schneider & Meierrieks 14). Although this does not seem like a direct economic impact; however, panic is known to influence the economy. It affects consumption, as well as investment behavior of persons that can lead to market disturbances. Therefore, the feeling of insecurity has several repercussions hence can disrupt the population’s spending behavior. Businesses are the major targets of any terror attack (Schneider & Meierrieks 28). As a result, this affect the way insurance operates since the risks of terrorism are difficult to quantify the prices. Many people have argued that the economic consequence of international crime remains a medium to a long term issue (Schneider & Meierrieks 44). Civilization is important in the sense of believing that we are all under God. We are not supposed to be too hard on ourselves instead we should embrace love to one another. In addition, our Lord Jesus Christ will always be there for us, and he is not the kind to choose violence at the expense of peace. As a result, some parties will withdraw the troops and others mention the aim of strengthening their military in order to have a stronger nation. War is likely to have a significant impact to the change of foreign policy. Some of the target sectors in the policy include security and military. It is imperative that these aspects have a considerable impact on the economy of the country that enforces the policy (Schneider & Meierrieks 42). As a

Amtrak Travel Scholarship Essay Example | Topics and Well Written Essays - 250 words

Amtrak Travel - Scholarship Essay Example Already, I wish to look beyond seeing rugged coastlines, beautiful canyons, and unspoiled forests and majestic mountains. For me, train travel offers priceless social amenities as well, particularly as I travel with fellow Americans who patronize Amtrak for its safe, comfortable and affordable vacation, business or adventure packages. Together, we can experience while on route the freshness, breadth and buoyancy that characterize American lifestyle. Already, I have prepared a travel plan which starts with Amtrak’s historic multi-tour along the east coast strip where America as a country was born, then cut across for a coast-to-coast journey to the west along the footsteps of our early pioneers. Finally, I wish to try Amtrak’s awesome northeast route which will take me at 150 miles per hour bullet speed to the end of my roundabout journey of a lifetime, namely Washington, D.C. the nation’s hub (IndependentTraveler.Com). As a whole, I wish to see myself as having gone through the greatest railway journey I can experience.

Read Fast Food Nation. Identify the author's main argument. Find a Essay

Read Fast Food Nation. Identify the author's main argument. Find a theme that you plan to focus on in your analysis paper - Essay Example Down the way, the author reveals a load of thought-provoking and disturbing realities – the unscrupulous tie between fast food and the giant of Entertainment Industry and the transformations in the industry that have formed in the production of food products and the standard of culture. While the book is divided into two sections – â€Å"The American Way† and â€Å"Meat and Potatoes†, there is one theme that really that is showing up: convenience. As aforementioned, The Food Nation is divided into two sections. In â€Å"The American Way†, the author looks at the beginnings of the fast food industry within the framework of post World War II America. This describes how the idea of fast food cropped up and began to transform the food culture of America. In the â€Å"Meat and Potatoes†, the author investigates on the particular procedures of the fast food industry such as the development of the chemical flavoring, combination of spices and the li vestock production; the working conditions in related industries such as the poultry and the beef industries, and the worldwide perspective of fast food as an American way for imperializing the fast food industry. ... entertainment industry, particularly Hollywood, in raking more partakers of the industry; hence, a conversation between Ray Kroc and Walt Disney took place, pointing towards creating an integrated business model that would profit both industries. In this section of the book, the author also places a significant emphasis on the ideal and most effective methods of commercializing the food industry, that is, by targeting the kids’ population through Walt Disney’s advertisements.4 The Food Nation also touches on the role of the food industry in providing jobs to the American People: the fast food industry provides work for a large proportion of the American population (although most jobs pay low wages). Many fast food companies around the world are employing more employees than any other industry in America. This somehow implies of the growing fascination not just the American people but of the world population to the fast food industry. The contention of this review is the observation that the increasing attention to the food industry by the American people is driven by the deficiency of time. With the advent of the industrial era comes the continuing tightness and increasing workloads in the workplace, causing more time constraints on the part of the American people. In various sectors of the American society, the concern for time is much on an upward slope: there is a greater need for convenience in terms of eating and relaxation. Considering the fact the deficiency of time is already an issue, many people already prefer to eat outside; nevertheless, there are restaurants that are even worse in time consumption than cooking your food in the comfort of your own home. Some restaurants would take customers considerable amount of time before they can be served. This is

The Intersection of Gender, Conflict and Development Shape Patterns of Essay

The Intersection of Gender, Conflict and Development Shape Patterns of Forced Migration - Essay Example veloped nations, but are also getting spread to developed nations where people are forcefully uprooted from their home countries or regions and transported to a different place, due to various factors including political, cultural, religious as well as ethnic persecutions, which at times, result in gender conflicts. It is worth mentioning in this context that forceful migration is not only conducted by people due to the lack of humanitarian ideologies in the society, but are often identified to be a consequence of natural disasters such as earthquake, tsunami, flood or any other natural disaster (Bouta & et. al., 2005). According to the report published by United Nations High Commissioner for Refugees (UNHCR), it has been signified that around 45.2 million people were under the conditions of displacement in the year 2012, as compared to 42.5 million by the end of 2011, indicating a 0.5 million difference in the aggregate amounts (UNHCR, 2013). Intersection of Gender in Forced Migrati on Notably, two major reasons were identified concerning the forced migration activities, which included sex marketing and household labour. However, in the modern era, the primary reason for forced migration has become majorly concentrated on sex crimes, to which, women and children are identified to be the common victims. Hence, forced migration can be examined to impose significant negative effects on social contexts, in today’s so called developed society. Various economic and political factors can also be identified as adjacent to the forced migration conducts, where social exclusion and poverty play a primitive role to motivate such conducts. Moreover, long terms displacements of a particular gender, commonly women, at a large volume from one particular economic region, is also... Conclusively, it should be noted that numerous policies as well as norms are being formulated and implemented with the objective of increasing awareness among people concerning forced migration, which are often conducted through bribing the victim either emotionally or financially or through physical threats. Legal actions are also being considered with regards to preserve gender equality for offering equal employment as well as income opportunities to both men and women. Such initiatives are quite likely to reduce conflicts in the society and thereby control intersection of gender as well as conflict in the encouraging the trend of forced migration. Nevertheless, irrespective of such initiatives, the rate of forced migration tends to rise steadily at certain parts of the world. In this respect, right-based strategies should be implemented with the aim of providing justice to feminist groups, both in formal and informal peace processes by global organisations as well as political ins titutions. In this context, with effective human right movement as well as liberal rights, conflicts and inequalities of gender can be minimised to certain extent which will facilitate in reducing forced migration or displacement.

EBay as an International Business Firm Essay Example | Topics and Well Written Essays - 1250 words

EBay as an International Business Firm - Essay Example French computer programmer Pierre Omidyar established the eBay on 3rd September, 1995 at San Jose, California. This establishment was actually in the favor of his wife to sale her collectibles. Initially the name of organization was AuctionWeb which was renamed as eBay in 1997 (catalogs.com). A laser printer amounting $14.83 was the first sold item. In November 1996, eBay made its first third-party licensing deal with Electronic Travel Auction to sell air tickets and different travel products. The site hosted 250,000 and 2,000,000 auctions during 1996 and 1997 respectively (Lewis, 2008). In 2002, the company bought PayPal, the leading transaction medium of the world. In 2008, the company’s revenue reached 7.7 billion dollars and the strength of manpower exceeded by 15,000. eBay successfully purchased the rights of Skype in 2009 for an amount of 2.75 billion dollars (Washington Post, 2009) Scope of Business eBay is an international firm which deals a huge of variety of items fo r sale and purchase. This huge list of items include a variety of collectibles in the field of electronics, fashion, motors, antiquates, sports, household items, movies, music and games etc. The firm uses PayPal for payment which is one of the fastest, secure, and the largest online transaction medium. Key Management of eBay Corporate and strategic planning are fundamentals of this facet of the firm. It includes the Management Information System (MIS) and some other controlling agencies like accounting, electricity, and human resource departments. However, eBay provides a web based environment works which is like newspapers-classified section. It entertains consumer to consumer transactions but does not take responsibility of the custody of sold items. Areas of Operations Presently eBay operates about 30 countries in terms of different categories of its business. The countries include Argentina, Austria, Australia, Belgium, Brazil, Canada, China, Czech Republic, Denmark, Finland, Ge rmany, Greece, France, Hungary, Hong Kong, Ireland, India, Italy, Korea, Malaysia, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, and United States (www.ebay.com). Achievements After launching in 1995, the firm has done tremendous achievements in all facets of business. Today about 147 million people use this site in more than 30 countries across the globe. After 16 years, the company manpower strength has reached about 17,700 (finance.yahoo.com). The company market capitalization had surpassed that of even Amazon.com, helping to make it the world’s most worthwhile Internet retail outlet. In 1997, there have been 40 types of products available; the actual publishing associated with collectibles as well as antiques experienced a significant growth. Other categories with regard to these things were demanded by customers. At social level, the primary concern of eBay had been to ascertain confidence amongst remote control as well as unknown potential traders that could possibly in no way have interaction yet again. This had been done through the review programs pertaining to setting up reputations with online community subscribers who

International Committee Essay Example for Free

International Committee Essay Normative ethics as a philosophical discipline tries to determine the degree of right or wrong in an individual’s actions. The level of right or wrong depends on a broad set of rules or norms agreed upon by the larger society. Therefore various people or institutions are obligated to act in a certain way and a breach of the same leads to consequences as may be prescribed by the same society and failure to which leads to a public outcry. Take for instance the United States army, the most powerful, well equipped and best funded military in the globe. The Army has been used to protect the nation from external attack and in previous wars like the world war two; it had to assist the rest of Europe against the Hitler aggression. The army is well trained with strong emphasis on the need to refrain from abusing the rights of war prisoners or the very people it has been commissioned to protect. However in some recent wars some military personnel have been caught by a diligent media subjecting captured enemies to inhuman treatment that have shocked the American people (International committee, 2005). However stern disciplinary measures have been undertaken by the military to punish those involved in a bid to deter future abuses. It would be expected that the US army with its military might and radical decisions for intervention would vet its recruits well to ensure that those employed do not cause intentional harm to civilians. The Battalion based in Iraq has revealed a great mistake in the selection of recruits whereby immoral decisions were made to include soldiers who had criminal records ranging from drug possession, violence and theft. One soldier in particular had an intensive criminal record and in March this year subjected an Iraq woman to inhuman rape. Further more these decisions to include soldiers who are morally unfit to serve has damaged greatly the image of the soldiers serving in Iraq and has shown a lack of integrity in the leadership of the U S army(Morgan,2008). Works Cited International Committee of the Fourth International â€Å"World socialist: US military atrocities and the moral choice facing the American people† 1998 as retrieved from http://www. wsws. org/articles/2005/may2005/nyt-m24. shtml on 9th December 2008 Robin Morgan â€Å"The Women Media Center: Manhood and Moral Waivers†2008 as retrieved from http://www. womensmediacenter. com/ex/081706. html on 10th December 2008