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Mr. Okada owned 19.66 percent of Wynn until the company forcibly moved to redeem his shares at a 30 percent discount earlier this month because of its determination that he did not meet the "suitability" requirement for an investor in a Nevada casino.
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THE law brings to mind the suitability requirements in federal securities regulations that protect investors.
I urged these mortgage regulators to impose suitability requirements on mortgage lenders, to assure that the loans were appropriate for the people taking them.
Mr. Giddens, who has been on the front line with customers since the firm's collapse, also urged the committee to consider suitability requirements for customers.
Lewis D. Lowenfels, an authority in securities law at Tolins & Lowenfels, a law firm in New York, said that the broker in this case might have run afoul of the suitability requirements of the National Association of Securities Dealers.
"Once again, we have a system that has failed to meet effectiveness and suitability requirements, but one that no doubt will proceed post-haste into full production and deployment," said Thomas P. Christie, a former top Pentagon testing official.
On the positive side of the requirements equation, the Navy has shown a strong willingness to trade off other requirements in order to get the basic tanking and carrier suitability requirements it has prioritized.
It realized that having EIAs classified as equity investments would require their sales force to be licensed to sell securities, to understand their EIA product thoroughly, to meet suitability requirements and to act as fiduciaries, things the industry obviously doesn't care to do.
Scenarios A and B share the same urban expansion but with different suitability: in the first case new urban land will develop in a highly suitable area, unlike the second case, where informal urbanization will be relevant and therefore new urban land will not match suitability requirements.
System suitability requirements: Perform at least five replicate injections of 6-gingerol and 6-shogaol.
In the process, the scientists acquired skills applicable to full product development, including assessing market suitability and requirements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com