71. Doing so could be a violation of securities laws or stock exchange rules, said Alan Bromberg, a securities law professor at Southern Methodist University. 72. Draconian security laws, such as those allowing detainees to be interrogated for a week without seeing a lawyer, must change. 73. Enough to change his aspirations from litigation to securities law. 74. Experts in securities law say that MCI appears to be skating on thin ice. 75. Failure to do so, they said, amounted to a violation of securities law. 76. Federal securities laws require managers to report personal transactions to their investment company or investment adviser, and most fund groups have other internal controls to limit personal trading. 77. Federal securities laws require shareholder approval of the change. 78. Federal securities law requires insiders who sell shares of their company within six months of a purchase to disgorge their trading profit to their company. 79. Ferrofluidics itself cooperated with the SECs inquiry and settled last month by agreeing to a permanent injunction against violating securities laws. 80. Five of the companies have ties to a stock promoter who was banned from the brokerage industry last year because of violations of securities laws. |