The point of the Bancor was to have fixed exchange rates but also deal with the trouble of trade imbalances, which are a problem on a fixed exchange rate. On a fixed exchange rate, trade deficits are a problem because it means you are running out of the reserve currency, so you need a trade surplus to supply them. But the burden falls on the deficit country (who will endanger their peg if they run out of reserves) and not on the surplus country (who is happily accumulating foreign reserves). Under the Bancor plan, the negative interest rate on holdings of Bancor would have encouraged surplus countries to spend down their holdings, moving towards trade balance.
A bearer instrument is a document that entitles the holder of the document rights of ownership or title to the underlying property, such as shares or bonds. Bearer instruments differ from normal registered instruments, in that no record is kept of who owns the underlying property, or of the transactions involving transfer of ownership. Whoever physically holds the bearer document is assumed to be the owner of the property. This is useful for investors and corporate officers who wish to retain anonymity, but ownership (or legal entitlement) is extremely difficult to establish in event of loss or theft.
SEC obtains a court order to halt the Titanium ICO, led by Michael Stollaire, and put raised funds into receivership. Charged with violating the antifraud and registration provisions of federal securities law by fabricating business relationships with corporate clients.
A court appoints a receiver to protect property controlled by a person sued in a court case. The SEC typically recommends the appointment of a receiver in cases in which the SEC fears a company or an individual may dissipate or waste corporate property and assets. A receiver is a neutral third-party custodian for the property who is granted certain powers by the court. A receiver’s powers generally include taking legal control of and protecting assets, filing claims on behalf of an entity placed into a “receivership,” and, ultimately, distributing assets to defrauded investors, claimants or creditors through a court-approved plan.
The logs—hundreds of which were available for download on the Immigrations and Customs Enforcement web site despite containing extremely sensitive personal information—call to mind the efforts of closed societies like East Germany or Cuba to cultivate vast networks of informants and an atmosphere of fear and suspicion.