In 1994, Congress passed a law intended to curb deceptive loans by increasing disclosure by lenders, but regulators have since warned that the law has had little effect.
"But a company that knows in effect that the disclosure is deceptive or misleading can't be shielded from accountability under many circumstances".
Receipt of a personal benefit should be treated as a sufficient, but not necessary, condition for finding that a selective disclosure is sufficiently deceptive to trigger insider trading liability.
"The Patriot Act provision requires the FBI to notify Congress about the number of such warrants, but this single order covering millions of people is a deceptive end-run around that disclosure requirement".
Parson applauds Obama's endorsement of a 90-day moratorium on foreclosures, but goes further, calling for a suspension of all foreclosures until the loans involved can be investigated for fraud, deceptive and unfair practices, and disclosure violations.
Importantly, however, we found a clear link between personality dimensions and the reputation risk connected to the public disclosure of the deceptive behaviour.
We developed a novel paradigm in the form of an interactive game where participants can choose whether to lie to another person in situations of loss vs. gain, and of no-reputation-risk vs. reputation-risk linked to the disclosure of their deceptive behaviour to others.
Disney's old footnote disclosures were not deceptive, but under the new American rules, it must put Euro Disney's debt on its balance sheet this year.
That information, in the end, was deceptive, as Enron's subsequent disclosures and its restatements of its financial results make clear, the rating firms say.
Deceptive marketing may help.
Last week, the House of Representatives passed legislation that would protect consumers from deceptive credit card practices and opaque disclosure.
