Securities Regulation
A Short Digression into the Root Cause of the Financial Crash
Six years after the financial crisis, there is some common understanding of the root causes of the 2008 crash in the U.S. as well as the causes of its recessionary cousin, the 2010 banking and ...
The FSB Objective: Never Waste a Good Crisis
We have had the benefit of more than six months since the designations were announced by the Financial Stability Board (FSB), and we now also have the Oct. 9, 2013 statement by the International ...
Study of Possible Wall Street Broker Conflicts Leaked; Authors Warn Against Quick Judgments
A new academic paper about potential conflict of interest in large retail brokers' routing of limit orders has stirred controversy on Wall Street and caught regulators' attention—even before the ...
Securities Class Actions Up in 2013 But Less Than Average
Plaintiffs filed 166 new federal securities class actions in 2013, a nine percent increase over 2012, however, the 2013 total is still 13 percent below the average from 1997 to 2012 despite being ...
Inadequate Shareholder Disclosure and Other Killer Risks
While most of the killer risks that can torpedo a company exist within the walls of the organization, the deadliest—in terms of its hidden impact—relates to external communications, a risk expert ...
Unnamed Rating Agencies Fail to Follow Criteria, Keep Adequate Records, SEC Says
Credit raters failed to follow their own criteria, allowed research analysts to discuss fees with issuers and kept incomplete records, according to a report from the U.S. Securities and Exchange ...
Wall Street Broker Contests SEC’s Probe with Harassment Lawsuit
Companies usually keep a low profile when the U.S. Securities and Exchange Commission investigates them. Robert DePalo decided to sue. DePalo is accusing the SEC of asking investors "leading and ...
Q&A: Liability Insurance and Admitting Wrongdoing in SEC Settlements
Earlier this year, the U.S. Securities and Exchange Commission reached a settlement with New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners. The ...