Known as the Economic Espionage and Protection of
Proprietary Information Act of 2013, the measure would slap a perpetrator with a fine "equivalent to the economic value of such
proprietary information."
Incoming Bank of England Governor Mark Carney last month said there was no need to add a Volcker rule, citing the difficulty in drawing a line between market-making and
proprietary trading.
In September Sam's Club added three new
proprietary brands: Simply Right, Artisan Fresh and Daily Chef.
Leaving aside moral considerations, some regard open-source software as inherently better than
proprietary software in technical terms because users can alter the underlying code to correct glitches or improve performance.
Responding to the announcement, Tim Ryan, CEO of sell-side trade body the Securities Industry and Financial Markets Association, said, "Regulators will need to strike the right balance between banning those activities deemed to be
proprietary trading and those that are permitted activities under the Volcker Rule.
The new business, dubbed PDT Advisers, will be headed by Peter Muller, the bank's current
proprietary trading chief.
In 2010, it plans to have a
proprietary seed treatment for the launch of its SmartStax corn product.
A problem may arise when the client information obtained during an engagement for one company is
proprietary in nature and an auditor either knowingly or unknowingly uses the information when performing other engagements.
Richard de Souza, Archimedes' CEO, said: "Our ability to develop high-value specialty products through our own
proprietary drug delivery technologies, to add to those already sold by our established commercial organisation, is an important part of our business model and our rapid progress with Nasalfent over the last 20 months further demonstrates the quality of our Development capabilities."
Part I reviews the two types of legal protections that restrict employee knowledge: the widely accepted concept of trade secrets, and the emerging category of
proprietary information.
1.368-1 (e), generally requires the target shareholders in a reorganization to receive a
proprietary interest in the issuing corporation in exchange for their shares in the target.
This platform is unique in that feature for feature, it is as reliable as
proprietary solutions offered by other vendors, yet less costly.