'Li'loilady' pid='77476' d Wrote:2126 - In your opinion, could SEC or FINRA take action against them? Some of us have issued a complaint against CEO/BOD insider trading, etc. As an NYSE listed company, I can't imagine they can indemnify against those (and other) regs.
The SEC and FINRA can indeed take action against the BOD and CEO. However, issue #1 would still apply. How to actually serve papers on persons without US citizenship and without their presence in the US? Addtionally, if the IOC people can show that they reasonably felt they were acting lawfully [by virtue of a legal opinion by IOC legal counsel, for example], the indemnification policies in the corporate bylaws of IOC would still shield them from any personal liability. Such is the power of indemnification.