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News & Commentary
Content tagged with Compliance posted in June 2010
SEC Charges Pair Touting Penny Stocks With Scalping
News  |  6/30/2010  | 
The U.S. Securities and Exchange Commission said today that it charged a Canadian couple with fraud for making a profit by touting penny stocks they were also selling selling, a practice known as scalping.
FINRA Hits Broker Phoenix Derivatives Group With $3 Million Fine
News  |  6/25/2010  | 
The Financial Industry Regulatory authority hit Phoenix Derivatives Group with a $3 million fine over improper communications about customers’ proposed brokerage rate reductions in the wholesale credit default swap market.
SIFMA Comments On End of House-Senate Conference on Financial Reform
News  |  6/25/2010  | 
SIFMA President cites key provisions, including systemic risk regulator, resolution authority and fiduciary standard for retail investors, but warns of "profound effect" on cost structure of financial services firms.
FIA Principal Traders Group Hires Overdahl As Spokeman
News  |  6/17/2010  | 
An arm of the Futures Industry Association, taps Overdahl, former chief economist with SEC and CFTC, to articulate the role of principal traders to policy makers and the public.
It's A Rich Man's World
Commentary  |  6/14/2010  | 
Regulators are chasing the market with real-time market monitoring technology because they lack the budgets of banks and hedge funds.
Thomson Reuters Releases High Frequency Trading Poll
News  |  6/11/2010  | 
Seventy-Five percent of respondents said HFT is sub-second, up from 61 percent last year.
Bank Pay Under Scrutiny As FinReg Nears Final Phase
News  |  6/10/2010  | 
With lawmakers hammering out the final phase of financial reform impacting the nation's major banks, executive compensation is back in the headlines.
ZL Technologies Offers Enterprise-Class Social Media Archiving
News  |  6/10/2010  | 
The new service offered via the integration of FaceTime’s Unified Security Gateway, follows guidelines recently introduced by FINRA regarding the need to develop policies around the capture and retention of any potentially business-related social media communications.
New Stock Regulations: Market Killer Or Savior?
Commentary  |  6/7/2010  | 
In a blog to customers, Lightspeed Financial's CEO Steve Ehrlich concedes the SEC's proposals on circuit breakers and HFT quoting obligations are well intentioned, but cautions they may open a Pandora’s box of additional market friction.
Goldman Sachs Subpoenaed By FCIC (video)
News  |  6/7/2010  | 
The Financial Crisis Inquiry Commission has subpoenaed Goldman Sachs for failing to comply with a request for documents, according to CNBC.
Data Management a Top Priority for Wall Street Firms
News  |  6/2/2010  | 
While improving data quality long has been viewed as a back-office efficiency play on Wall Street, the financial crisis and ensuing regulatory scrutiny have thrust data management into the spotlight, transforming it into a top business priority.
Nasdaq Circuit Breaker to Limit Wild Swings in Single Stocks
News  |  6/2/2010  | 
The Nasdaq Stock Market LLC said today that it will implement a single circuit breaker aimed at protecting investors and listed companies during times of volatile market activity.

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