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Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), says that most important thing that needs to happen to the over the counter derivatives market is comprehensive reform.
One of the unanswered questions surrounding the Bernie Madoff Ponzi scheme was how did Madoff fool so many people for so long? Well, in addition to a lot of charm, charisma and leveraging his good reputation in the industry, Madoff also had help from a couple of programmers who allegedly falsified records to fool SEC inspectors. In fact, it's playing out just like a Hollywood movie script. The face of the operation (Madoff) supposedly had help from a couple behind the scenes programmers who help
Reuters columnist Christopher Swann says that hedge fund replication could make hedge fund-style strategies available to Joe Public - reducing retail investors' almost total dependence on stocks. Hedge fund replicators' fees are much lower (around 1 percent) and they don't lock up capital for long periods of time. However, the replicator funds are relatively new and it's hard to gauge how they will perform in the long term.
Social networking is changing the way consumers, investors and traders interact and share information. But all companies are struggling to show how the technology is actually adding to the bottom line.
Dark pools provide institutional investors with a valuable venue for trading large blocks of securities. But new regulations may change the way market participants interact with anonymous trading venues in 2010.
Reuters Columnist Matthew Goldstein says too little attention is being paid to the criminal trial of of former Bear Stearns managers charged with lying to investors in the spring of 2007 about the health of once-giant hedge funds.