A bail signed by the guarantors is paid by the defendant instead of the full payment of the bail established by the court.
The bail serves as a guarantee that the accused will appear before the court.
Judges generally have broad discretion in setting bail amounts.
Guarantors generally charge 10% of the deposit upfront in exchange for their services and may charge additional fees. Some states have set an 8% cap on the amount charged.
The bail system is widely seen as discriminatory against low-income defendants and encouraging mass incarceration of young African Americans.
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.