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News & Commentary
Content tagged with Compliance posted in November 2010
Investment Pros Cite New Regs as Biggest 2011 Challenge
News  |  11/30/2010  | 
Investment managers conclude that navigating the stricter regulatory landscape will be their biggest challenge next year, according to a survey conducted by financial software provider Linedata.
The WikiLeak Next Time - BofA?
News  |  11/30/2010  | 
After the latest release of secret communications among US diplomats, Wikileaks founder Julian Assange announced that he will unveil documents belonging to a US bank.
Cap Market Firms Gradually Implementing Social Media, But Some CCOs Still Not Swayed
News  |  11/29/2010  | 
Popular social media tools among the financial community include TweetDeck, Ning and SocialTurns. But regulation and privacy are still hindering widespread adoption of social media in the capital markets, according to a new report from Aite Group.
Raided? I Want My Money
News  |  11/24/2010  | 
The Massachusetts state pension fund has $65.6m invested in two Connecticut hedge funds that were raided by the FBI.
Everyone Wants to Start An SEF
Commentary  |  11/24/2010  | 
Debate rages over what is a swap execution facility, but even as regulators craft the rules, there are many contenders.
FBI Shines Light on SAC, Janus, Wellington
News  |  11/24/2010  | 
The insider-trading investigations spreads to former SAC associates
Testify - Now Donate Please
Commentary  |  11/23/2010  | 
Advanced Trading visited a major financial services firm yesterday -- it was off-the-record so no names, titles or even hints about what they do. We spoke about the US dollar, forthcoming Dodd-Frank regulations and the pleasures of appearing before Congress. Our host had an interesting story.
Federal Prosecutors Are Gearing Up to Take on Prop Shops, HFTs
Commentary  |  11/23/2010  | 
Shockwaves spread throughout the world of high finance following the FBI's raids of three hedge funds in connection with an insider trading investigation, but this merely looks to be the tip of the iceberg as regulators and watchdogs look to sniff out malfeasance on Wall Street.
Massive Insider Trading Case Underway
News  |  11/22/2010  | 
Investigators may be focusing on "expert networks" to determine if they pass along insider information to traders and investors.
Hedge Funds Step Into the Light
Commentary  |  11/19/2010  | 
The day of reckoning for hedge funds may have arrived.
Financial Cocktails Reflect The Year-in-Review
Commentary  |  11/19/2010  | 
Cognito whips up drink recipes for its annual party reflecting reflecting financial regulations and Fed activity.
Rattner Settles SEC Case; Hit With $26 Million Suit by Cuomo
News  |  11/18/2010  | 
New York State Attorney General Andrew Cuomo is suing former U.S. auto czar Steven Rattner for $26 million over allegations he paid kickbacks in order to get $150 million in investments from the state’s largest pension fund.
FX Traders Feeling Uneasy About New Regulations – Survey
News  |  11/18/2010  | 
The FX trading community is uneasy about how the new regulatory landscape will impact the world’s largest and most liquid securities trading market, according to a Bloomberg Foreign Exchange survey.
Is the SEC’s ‘Naked’ Access Ban Anti-Small Business?
Commentary  |  11/17/2010  | 
Although it was a necessary step, particularly in the aftermath of the May 6 "Flash Crash," there is growing chatter within the trading community that the new regulation is likely to hurt smaller high-frequency trading operations.
Morgan Stanley Rethinks Hedge Fund Stake
News  |  11/17/2010  | 
The investment banking giant is taking a sharp look at its investment strategies, especially its involvement in hedge funds.
Number of Swaps Dealers Seen Soaring Due to Dodd-Frank Bill
News  |  11/15/2010  | 
The number of swaps dealers is projected to surge over the next year due to a regulatory environment that’s likely to drive more participants into the market, according to a report by TABB Group.
How Finance Reform Will Alter Swap Execution Facilities and Boost Transparency
Commentary  |  11/15/2010  | 
The Commodity Futures Trading Commission is moving closer to issuing the preliminary rules defining swap execution facilities. This particular rulemaking will set the parameters for trading platforms for the over-the-counter derivative markets that will largely determine how transactions will be executed under the Dodd-Frank framework.
Debate Ignites Over Basel III Capital Rules
Commentary  |  11/11/2010  | 
Regulators push for safety of financial system, while banks say tough rules will undermine profits.
Meet Advanced Trading's New Editor-in-Chief
Commentary  |  11/10/2010  | 
In capital markets, it is critical to strike the right balance between fueling recovery and mitigating risk, writes Phil Albinus, Advanced Trading's new editor-in-chief.
Republicans' Win Could Be Regulators' Loss
News  |  11/10/2010  | 
While the Republican's seizure of the U.S. House of Representatives in the midterm elections likely won't impact the implementation of Dodd-Frank, it could mean reduced budgets for the capital markets regulators.
Are There Too Many Exchanges?
News  |  11/10/2010  | 
The stock exchanges continue to roll out new equity trading platforms, arguing that competition drives innovation. But some traders, fearing increased fragmentation, are calling for a moratorium on new exchanges.
Ready For a Commodities Boom?
News  |  11/10/2010  | 
The SEC Agenda: Hurry Up And Wait
News  |  11/9/2010  | 
Throughout the financial crisis, the SEC has identified a host of equity market structure issues that are critical to ensuring safe and fair trading. But, already burdened by enacting the Dodd-Frank financial reform act, the regulator isn't likely to enact any new rules too quickly.
Hedge Fund Association Voices Opposition to Potential SRO
News  |  11/5/2010  | 
HFA warns that potential hedge fund self-regulation organization (SRO) under investigation by the GAO would raise regulatory costs for funds to operate and also limit the industry's growth.
5 Trends Shaping the Buy-Side Trading Desk
News  |  11/4/2010  | 
Among the top trends on the buy-side trading desk in 2011, the biggest development is likely to be the increased reliance on transaction cost analysis to entice institutional investors and ensure best execution.
The Fed's Effect On The Job Market
News  |  11/3/2010  | 
In this MarketPlace Morning Report from NPR, Richard Dekaser, economist at the Parthenon Group, looks at how much impact the central bank can have when it comes to dragging us out of the economic crisis.
SEC Charges French Doctor in Insider Trading Case
News  |  11/2/2010  | 
The U.S. Securities and Exchange Commission charged a French doctor and researcher with insider trading for leaking negative details about a clinical trial for a Hepatitis C drug to a hedge fund portfolio manager.
Why Big-Time CEOs Make Terrible Politicians – Report
Commentary  |  11/2/2010  | 
Despite the successful mayoralty of Michael Bloomberg, big-time CEOs are generally terrible politicians, according to L.A. Times columnist Michael Hiltzik, who argues that the skills needed to win in business don’t always translate to politics.
Webb, Lawmakers Look to Protect Against Weakening of Volcker Rule
News  |  11/1/2010  | 
Sen. Jim Webb (D-Va.) joined a chorus of 17 other senators calling for strong regulation to ensure that banks won't be able to make high-risk wagers with proprietary trading as intended under the finance reform bill.

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