The indications we've been given -- although no one is willing to state definitively what the final rule is likely to include -- suggest that we shouldn't get our hopes up that our chief concerns will be comprehensively or even meaningfully addressed. We hope we are reading those indications wrong.
The real value of the book is that its detailed description of this particular scam provides a universal blueprint of the way all such scams work on Wall Street, throughout the financial industry.
As the revolving door spins faster than ever between jobs in government and corporate America, information and who you know are the currency that gets you through the tollgate, information that paying clients then use for ever greater profits and a competitive edge.
President Obama has still not responded to the 100,000+ Americans who signed the We the People petition demanding ECPA reform (it's been 152 days -- for comparison, a petition to build a Death Star got a response within 29 days.).
On April 24, 2010, Rick Ungar, then writing at True Slant, 1 and Barry Ritholtz, a blogger at The Big Picture, 2 exchanged views.
Forces at work from Tokyo to Kiev have been roiling the U.S. stock market for a couple of week. But the financial sushi that is now on the menu in Japan, and Russia's "Crimea of the Century" are only part of the story.
The industry counters by denying these facts and boldly claiming that they provide liquidity and lower costs, but it has been demonstrated that HFT is more often a liquidity taker than a liquidity provider and, if anything, raises the costs of trading.
The SEC continues to think insider trading enforcement is the way to increase confidence in the markets. It is not.
The idea behind the JOBS Act is to jump-start growth, not to give fraudsters an easy way to fleece unwary victims. Reasonable finance professionals find the SEC's proposed rule amendments so ludicrous that the SEC seems to beg for a thorough housecleaning.
By Amol Mehra, Esq., and Nicole Santiago Shareholders are using their voting power to join the movement for corporate accountability and the most re...
In February, Endo Pharmaceuticals settled a protracted nine-year whistleblower lawsuit with the federal government for $193 million dollars. As a res...
Because different products have different features, it is important to read the prospectus for details including charges, investment choices, death benefits, payout options, and other features.
Ceres just released its new Cool Response report calling attention to the fact that, despite the SEC's guidance on climate-risk reporting in 2010, such reporting is still inadequate and the SEC has not followed up with enforcement.
In 1934 when the FBI asked Willie Sutton why he robbed banks, he reportedly answered, "Because that's where the money is." Today, if you ask an inve...
The August 2003 blackout of the northeast United States was a system of systems failure, in which things didn't go as planned, alarms didn't trigger, ...
In his SOTU speech, President Obama talked about the need to improve wages for all Americans, with a special emphasis on raising the minimum wage. But economic inequality exists as much because of oversized compensation at the top as it does because of inadequate pay at the bottom.