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News & Commentary
Content tagged with Compliance posted in March 2010
Kaufman Vows to Go After Wall Street Fraud
News  |  3/31/2010  | 
In response to Lehman Brothers' "Repo 105" accounting gimmick to shift debt off its balance sheet, Senator Ted Kaufman (D-Del.) vows to weed out fraud on Wall Street.
Uncertainty Over Volcker Rule Impacts Proprietary Trading Desks
Commentary  |  3/29/2010  | 
While it is doubtful that the Volcker Rule will pass as is, it already is having an effect on banks, which are spinning off proprietary trading desks.
Industry Working to Build Infrastructure to Enable Central Clearing of OTC Derivatives
News  |  3/25/2010  | 
While Congress hammers out details of OTC derivatives reform, buy-side firms and dealers are working to connect to central counterparty clearinghouses to enable central clearing and reduce counterparty risk.
The Tangled OTC Derivatives Marketplace
News  |  3/25/2010  | 
Rather than build connections to multiple central counterparty clearinghouses, many buy-side firms will rely on third-party services to bridge the gap in OTC derivatives clearing.
The Speed of Change
Commentary  |  3/25/2010  | 
Unlike regulatory reform, the pace of technology innovation has quickened to help facilitate change in the financial markets.
Status of Financial Reform Bill
News  |  3/22/2010  | 
he debate over financial reform is heating up today, as the banking committee begins amending Sen. Christopher Dodd's bill today.
List of Indicted Madoff Aides Grows
News  |  3/19/2010  | 
Two former computer programmers at Bernie Madoff's firm have been indicted by a federal grand jury in Manhattan, bringing to five the number of Madoff aides who have been arrested since the scandal began to unfold 15 months ago.
Repo 105: No Laughing Matter
News  |  3/18/2010  | 
Lehman used the so-called Repo 105 tactic to remove $50 billion in debt from its balance sheet.
SEC Concept Release: Make Your Position Known
Commentary  |  3/16/2010  | 
Taking an active role in working through the SEC Concept Release process is a way for our industry to go on the offense against those that would seek to regulate and/or tax the securities industry out of existence.
International Center For Financial Regulation Names Academic Panel
News  |  3/12/2010  | 
The London-based think-tank, which has backing from 19 financial institutions, provides training, scholarship and thought leadership on financial regulation.
In Praise of Shorts and Financial Speculation
Commentary  |  3/10/2010  | 
While the stocks of many investment banks tanked and a number failed, it wasn't the short sellers that created the problems.
Fully Compliant Social Networking Site For Financial Professionals Launches
News  |  3/9/2010  | 
LinkedFA, which is compliant with FINRA's supervision and record keeping regulatory requirements, allows financial advisors, registered representatives, registered investment advisors, insurance advisors and CPAs to interact with investors.
European Leaders Blame Greece's Crisis on CDS Speculators
News  |  3/9/2010  | 
Credit default swaps have returned to the headlines as European politicians blame the derivatives for exacerbating Greece's economic crisis.
Direct Access Partners Enhances Multi-Prime Offering for Hedge Funds
News  |  3/5/2010  | 
Partners with Paladyne Systems for order management, data aggregation and risk analysis and reporting.
An Order Cancellation Tax on HFT Would Curtail Deceptive Quoting
Commentary  |  3/4/2010  | 
Taxing order cancellations would raise money from Wall Street while addressing disingenuous quoting from HFT firms on the visible order book.
Brokers Get New Social Media Rules (video)
News  |  3/3/2010  | 
FINRA recently issued brokers with new guidelines regarding communications with the public through social networking sites. In this video, Larry Tabb, CEO and founder of TABB Group, outlines what policies and procedures financial firms should have in place to communicate with investors while staying on top of the newest trends in social media.
The Problematic Nature of New Short Selling Restrictions
Commentary  |  3/1/2010  | 
The SEC's new rules limiting short selling do not satisfy either proponents or antagonists of short sale restrictions.
Exposing the Identity of Dark Pools in Real Time Could Hurt Institutional Traders
News  |  3/1/2010  | 
Will an SEC proposal to identify dark pools in real-time trade reports do more harm than good?

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