Rollups by BankAtlantic Financial Corp: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, One Hundred Second Congress, First Session ... July 10, 1991, Volume 4 |
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Results 1-5 of 22
Page 13
... clients , and I personally invested in two of the three limited partnerships in the first 1989 rollup . The purpose of my testimony is not a vendetta or an argument with Alan Levan , I.R.E. , or BankAtlantic . In my opinion they are ...
... clients , and I personally invested in two of the three limited partnerships in the first 1989 rollup . The purpose of my testimony is not a vendetta or an argument with Alan Levan , I.R.E. , or BankAtlantic . In my opinion they are ...
Page 14
... clients seriously and put those above my own company . Fact one , $ 61 million was invested in Series 21 , 23 and 24. The appraised value based on Mr. Levan and BankAtlantic's appraisers as of 1-25- 89 was a little over $ 46 million ...
... clients seriously and put those above my own company . Fact one , $ 61 million was invested in Series 21 , 23 and 24. The appraised value based on Mr. Levan and BankAtlantic's appraisers as of 1-25- 89 was a little over $ 46 million ...
Page 15
... clients that were called as many as five times on the telephone in 1 day up to midnight . They were told on the telephone that was in these materials that I sent to these various agencies they were told that this is the only chance to ...
... clients that were called as many as five times on the telephone in 1 day up to midnight . They were told on the telephone that was in these materials that I sent to these various agencies they were told that this is the only chance to ...
Page 16
... clients over it be- cause they don't shoot the people who do the problem , they kill the messenger . Who they killed was us . The clients voted with their feet . They left us . We have had legal entanglements because they do not under ...
... clients over it be- cause they don't shoot the people who do the problem , they kill the messenger . Who they killed was us . The clients voted with their feet . They left us . We have had legal entanglements because they do not under ...
Page 17
... clients didn't want liquidity if they were only going to get 5 or 6 percent of their original invest- ment . All they simply wanted was a fair shake . If the real estate lost money because of things that were of no control of Alan Levan ...
... clients didn't want liquidity if they were only going to get 5 or 6 percent of their original invest- ment . All they simply wanted was a fair shake . If the real estate lost money because of things that were of no control of Alan Levan ...
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Common terms and phrases
$30 million Administrative affiliates Alan Levan amount appraised value approximately assets bank holding company BankAtlantic Financial Corporation BankAtlantic's bankers believe BLILEY capital requirements cash CHAFIN Chairman clients commercial banks Commission's committee concerns CONGRES CONGRESS THE LIBRARY debentures DINGELL disclosure dollars Dory Doty entity Exchange Commission fairness FDIC federal securities laws fiduciary breach fiduciary duties filed financial services firm funds Glass-Steagall Glass-Steagall Act Goldman Sachs HENRY I.R.E. Financial Corporation I.R.E. Real Estate industry infused institution investors involved issues junk bonds LIBRARY OF CONGRESS limited partners limited partnerships Managing General Partner matter paid percent Property Management Fees proposed prospectus proxy question real estate real estate investment received registration statement Reimbursement roll-up transactions rollup ROWLAND rules RYAN Second Roll-up Securities and Exchange Series 21 sold solicitation staff subcommittee taxpayer tell testimony tion U.S. Capital Securities vote WEINSTEIN worth
Popular passages
Page 91 - Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean that the Commission has in any way passed upon the merits of, or given approval to, such security. It shall be unlawful to make, or cause to be made, to any prospective purchaser any representation contrary to the foregoing provisions of this section.
Page 91 - The fact that a proxy statement, form of proxy or other soliciting material has been filed with or examined by the Commission shall not be deemed a finding by the Commission that such material is accurate or complete or not false or misleading, or that the Commission has passed upon the merits of or approved any statement contained therein or any matter to be acted upon by security holders. No representation contrary to the foregoing shall be made.
Page 91 - Neither the fact that the registration statement for a security has been filed or is in effect nor the fact that a stop order is not in eifect with respect thereto shall be deemed a finding by the Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean...
Page 98 - ... under Section 12(1) of the Securities Act alleging violation of the registration requirements of Section 5 of the Securities Act.
Page 78 - ... listed on the New York Stock Exchange ("NYSE") or the American Stock Exchange ("AMEX") or traded on NASDAQ.
Page 146 - If you have no objection then to testifying under oath, would you please rise and raise your right hand. [Witness sworn.] Mr. DINGELL.
Page 106 - We will stand in recess for about 5 minutes. [Brief recess.] Mr. DINGELL. The subcommittee will come to order. Mr.
Page 127 - Chairman Subcommittee on Oversight and Investigations US House of Representatives Washington, DC 20515 Dear...
Page 127 - THE FEDERAL POWER ACT This memorandum analyzes the legal impact of the Supreme Court's Colton...
Page 75 - But §14a doesn't pose responsibility for false and leading proxy statements. Although a corporate transaction's 'fairness' is not, as such, a federal concern, a proxy statement's claim of fairness presupposes a factual integrity that federal law is expressly concerned to preserve.