Panel Pushes For More TARP Regulation (audio)
The Congressional Oversight Panel for TARP reveals the new regulations it is urging the government to implement to stop another financial crisis of this magnitude from ever happening again.
Kaplan Compliance Solutions Unveils Client Concierge
The Concierge interacts with the relevant departments within KCS, monitoring activities related to the client, as well as ensuring the client is kept informed about regulatory changes affecting their business.
What Is a Fund Administrator?
In the wake of the Madoff scandal, institutional investors increasingly are demanding that hedge funds hire third-party fund administrators to verify net asset values and trading positions.
One of the inconsistencies that emerges in the story is that Madoff ran this familial business where he treated employees like family, but he is very controlling and paid attention to minute details
John Thain's $1.22 Million Redecorating Spree
Given the state of the economy and the miserable state of affairs in banking and brokerage, I would have suggested going to an estate state or perhaps shopping at Staples or Office Depot.
We Need Industry Leadership Now
As legislators take aim at Wall Street, the industry must seize the opportunity to work with regulators to create guidelines that will benefit everyone, says Special Contributing Editor Larry Tabb.
Cloud Computing Gives E-Discovery a Lift
Firms are looking to cloud computing's utility model as a way to rein in the infrastructure costs required to support e-discovery capabilities and improve their regulatory response.
SEC’s Schapiro Vows to Bring Tighter Regulations
At her confirmation hearing before the Senate, Schapiro said she is considering reversing major decisions under the Bush administration that have made it harder for SEC staff to bring enforcement cases.
Retail Brokerage TradeKing Dives Head-First Into Social Networking
Recognizing that social networking technology would allow retail brokerage customers to learn from each other, online brokerage TradeKing developed an online trading community for self-directed investors that has become a centerpiece of the company's commitment to transparency. In an exclusive Q&A with Wall Street & Technology, TradeKing CEO Don Montanaro explains how the fast-growing firm, which launched in December 2005, embraced social networking technology from the beginning and is t
Judge Rules Madoff to Remain Free on Bail
A judge ruled today that Bernard Madoff can remain free on the $10 million bail he posted and continue to live under house arrest in his luxury apartment on the Upper East Side of Manhattan.
Exclusive: 2009 IT Spending to Drop Only 5%
Despite all the doom and gloom in the economy, a recent study from Aite Group says overall IT spending will only drop five percent and that risk management and compliance were two of the highest priorities. Business intelligence, document management and wealth management are areas that will see less resources in 2009.
Madoff Hearing: SEC Inspector Says Possibility SEC was Complicit
Congress was technically not in session yesterday but that didn't stop Representative Paul Kanjorski, a Democrat from Pennsylvania, from convening a meeting of the House Financial Services Committee on the alleged $50 billion Ponzi scheme perpetrated by Bernie Madoff.
During the meeting many lawmakers were openly calling for regulatory reform, saying they had lost confidence in the Securities and Exchange Commission. On hand to testify were David Kotz, the SEC Inspector General; Stephen Harbec
House Financial Services Committee Madoff Hearing (Video)
If you missed the riveting, 3.5 hour House of Representatives Financial Services Committee hearing on the alleged Bernie Madoff affair, you missed one of CSPAN's finest moments. View the full hearing, or a shorter version from CBS News, in the video players on the next page.
DISCLAIMER: Wall Street & Technology is not responsible for viewers' irritation toward elected officials
Madoff hearings put SEC under fire
A congressional hearing on the Madoff fraud yielded next to no answers as to how the former Nasdaq chairman perpetrated the Ponzi scheme, instead reiterating disbelief that it could have gone unnoticed by the SEC for so long.