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News & Commentary
Content tagged with Compliance posted in January 2009
Panel Pushes For More TARP Regulation (audio)
News  |  1/30/2009  | 
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.
InvestEdge Equips Banks and Advisors with Turnkey Compliance
News  |  1/30/2009  | 
Workflow compliance solution enables firms to conduct account investment reviews and administrative reviews with less risk and cost
SEC Charges Nashville-Based Financial Planner With Fraud
News  |  1/30/2009  | 
Charge involves purported investments in TARP
Digging for Madoff Evidence: 20 Million Documents in Queens
News  |  1/29/2009  | 
One anonymous law enforcement source in the story essentially blames the fraud on electronic trading. Since Madoff was a pioneer in electronic trading, there was no longer a physical paper trail, the source suggested.
Compliance (and E-discovery) a Hot Topic Right Now
News  |  1/29/2009  | 
Compliance is one of the beats I cover for WS&T, and in spite of the market conditions, or perhaps precisely because of them, compliance seems to be one area that is positively thriving right now.
How He Got Away With It: SEC Officials Grilled on Madoff Shortcomings
News  |  1/29/2009  | 
In a hearing this week, senators took the opportunity to grill SEC officials in an ongoing attempt to uncover exactly how Madoff got away with the massive fraud for so long and how the SEC can help ensure it doesn't happen again.
Kaplan Compliance Solutions Unveils Client Concierge
News  |  1/28/2009  | 
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?
News  |  1/28/2009  | 
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.
Psychoanalyzing Madoff
News  |  1/27/2009  | 
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
HedgeOp Awarded U.S. Patent for ComplianceTrak Software
News  |  1/27/2009  | 
ComplianceTrak offers cost-efficient tools for staying compliant
Nation’s Largest Investors Call for ’Green Recovery’
News  |  1/27/2009  | 
Investors urge congress to support energy efficiency and clean energy in economic stimulus bill
John Thain's $1.22 Million Redecorating Spree
News  |  1/22/2009  | 
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
Commentary  |  1/22/2009  | 
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.
Congressional Hearings Call for a 21st-Century Regulator
Commentary  |  1/22/2009  | 
In an unofficial Congressional hearing, reps air their concerns over SEC's missed opportunities to identify Madoff fraud.
Suspected NYSE insider trading reached record high in 2008
News  |  1/21/2009  | 
NYSE Regulation says suspected insider trading cases reached an all-time high last year, with 146 cases referred to the SEC " twice as many as in 2004.
Four Ways President Obama Can Put the Economy Back on Track
Commentary  |  1/21/2009  | 
The Obama Administration walked into one of the most turbulent financial markets since the Great Depression. What can President Obama do to not only stop the slide, but also turn the economy around?
Cloud Computing Gives E-Discovery a Lift
News  |  1/21/2009  | 
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.
Lombard Risk Rolls out New STB-Detector
News  |  1/20/2009  | 
Offers global financial compliance solution with advanced event checking capabilities.
Risk Management Consumes Buy-Side Traders Amid Volatility
News  |  1/20/2009  | 
Even as buy-side traders look to step up their risk management efforts, ongoing market volatility continues to present a challenge.
The Sun Will Rise Again on U.S. Economy
Commentary  |  1/15/2009  | 
The financial crisis exposed many flaws, but the foundation of capitalism that has led to the greatest increase in wealth in human history remains.
SEC’s Schapiro Vows to Bring Tighter Regulations
News  |  1/15/2009  | 
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.
DTCC To Expand CDS Data From Trade Information Warehouse
News  |  1/15/2009  | 
Efforts made to enhance OTC transparency
Retail Brokerage TradeKing Dives Head-First Into Social Networking
News  |  1/14/2009  | 
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
News  |  1/12/2009  | 
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.
DTCC to Support All Central Counterparties for OTC Credit Derivatives
News  |  1/12/2009  | 
Effort underway to further safeguard industry, address regulatory concerns.
Judge's Decision on Madoff Bail Due Today
News  |  1/12/2009  | 
Prosecutors argued that Madoff had violated the conditions of his bail that prohibit him from transferring or dissipating any of his assets.
Former SEC Chairman Pitt: Outside, Independent Exams Necessary
News  |  1/12/2009  | 
As FINRA and the SEC have been called to task in the wake of the Madoff scandal, former SEC Chairman Harvey Pitt spoke to Advanced Trading about what should be done to improve regulatory oversight.
Exclusive: 2009 IT Spending to Drop Only 5%
News  |  1/12/2009  | 
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.
Markets Still Need That Human Touch
News  |  1/9/2009  | 
Regulatory Push for Clearing Platforms in Credit Derivatives Could Pave the Way for E-Trading
News  |  1/8/2009  | 
Regulators are scrutinizing credit default swaps and their role in the financial crisis. While dealers want to keep CDS trading over-the-counter, many believe exchange-traded CDSs are inevitable.
E-Discovery Requirements Are About to Hit Canadian Firms
News  |  1/8/2009  | 
As Canadian firms prepare for new e-discovery rules, they can look to their U.S. counterparts for technology lessons.
Madoff Hearing: SEC Inspector Says Possibility SEC was Complicit
News  |  1/6/2009  | 
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)
News  |  1/6/2009  | 
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
News  |  1/5/2009  | 
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.
Congress to Examine Regulatory Gaps at Today's Madoff Hearing
News  |  1/5/2009  | 
Today, the House Financial Services Committee will hold an open hearing today to discuss Bernard Madoff's alleged $50 billion securities fraud.

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