An actual attorney is a person who is assigned to act on behalf of another person in business, financial or personal matters.
A proxy is appointed by issuing a power of attorney, usually by the person to be represented.
The actual attorney does not have to be a barrister, which is another name for “lawyer”. The first makes decisions for the principal, and the second advises and represents the client, but does not participate in decision-making.
Sometimes the courts can issue an individual power of attorney for another person if he has become incapacitated.
The 2,000 investor limit or rule is a key threshold for private businesses that are unwilling to disclose financial information for public consumption.
The 500 shareholder threshold was a rule set by the SEC that required companies to publicly disclose financial statements and other information if they reached 500 or more individual shareholders.
The Basel Accords are part of a series of three international banking regulatory meetings that established capital requirements and risk measurements for global banks.
Basel III is an international regulatory agreement that introduced a series of reforms aimed at improving regulation, supervision and risk management in the banking sector.
Black money includes all funds earned as a result of illegal activities, as well as other legitimate income that is not taken into account for tax purposes.
A boiler room is a scheme in which sellers use high-pressure selling tactics to persuade investors to buy securities, including speculative and fraudulent securities.