bad boy provision

bad-boy provision. Securities. A statutory or regulatory clause in a blue-sky law stating that certain persons, because of their past conduct, are not entitled to any type of exemption from registering their securities. • Such clauses typically prohibit issuers, officers, directors, control persons, or broker-dealers from being involved in a limited offering if they have been the subject of an adverse proceeding concerning securities, commodities, or postal fraud.
专业法律词汇 词条贡献者
资深译员王漾,毕业于一所旨在培养高级翻译专业人才的翻译院校,擅长翻译各类与雇主商业秘密相关的法律文件。
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