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Grant Cardone (Getty) A legal offensive that attempted to use Grant Cardone’s outsized social media presence against him has failed. U.S. District Judge John F. Walter last week dismissed a lawsuit filed by disgruntled investor Luis Pino in Los Angeles against the real estate crowdfunding guru and his Aventura-based company Cardone Capital. In dismissing the case, Walter concluded that Pino failed to adequately allege that Cardone made material misstatements and omissions about a 15 percent annual rate of return on any investments made to Cardone Capital’s real estate funds; as well as th...

To print this article, all you need is to be registered or login on Mondaq.com. The disclosure requirements for offerings of securities by state non-member banks have long been governed by the Federal Deposit Insurance Corporation's ("FDIC") 1996 Statement of Policy on the Use of Offering Circulars in Connection with Public Distribution of Bank Securities (the "1996 Statement"). 1 The 1996 Statement focuses on disclosure, requires that specific legends be included in offering circulars used by state non-member banks issuing securities and has no filing requirement. The...

Bank Type: The OCC uses the bank type classifications to determine the performance standards and examination procedures to evaluate a bank’s CRA performance. The OCC classifies banks as a small bank, intermediate bank, wholesale bank, limited purpose bank or a bank subject to the June 2020 rule’s general performance standards. The categorization is generally based on the bank’s asset size, except wholesale and limited purpose banks are classified based on business model. A small bank has assets of $600 million or less. An intermediate bank has $600 million to $2.5 billion in assets. A G...

Sunshine Act Meeting; Notice of Meeting To Be Held With Less Than Seven Days Advance Notice Federal Deposit Insurance Corporation Documents & Publications TIME AND DATE: Tuesday, January 19, 2021. PLACE:The meeting was held via video conference on the internet and was webcast to the public. MATTERS TO BE CONSIDERED:Pursuant to the provisions of the Government in the Sunshine Act, notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors met in open session at 10:00 a.m. on Summary Agenda Memorandum and resolution re: Final Rule on Role of Supervisory Guidan...