Securities and Exchange Commission (SEC)
Governance returns
Excessive risk-taking was a major cause of the recent meltdown in the financial markets. Time, then, for corporate governance to return in force
Goldman lawsuit ratchets up pressure on banks to get their house in order
The US Securities and Exchange Commission’s lawsuit against Goldman Sachs for allegedly misleading clients has provoked widespread vilification of the bank. But is it reasonable to expect ethical conduct by investment banks to extend beyond legal…
Driving in reverse
Despite The Wall Street Journal lambasting equity-linked reverse convertibles as ‘dangerous investments’ and a chorus of bad press culminating in regulatory fines, the products continue to attract capital from the US retail sector. Joti Mangat asks how…
ETF role in Dow 'flash crash' under scrutiny
The role of ETFs in the US market “flash crash” on 6 May is under scrutiny following a preliminary report suggesting ETFs and index futures were linked to the event.
Securities and Exchange Commission appoints new chief financial officer
SEC's appointment of new chief financial officer follows criticisms last year from the US Government Accountability Office
US regulators call for circuit-breakers but exchange risks remain, says expert
Proposed rule changes from Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (Finra) are a good but incomplete solution to operational risk within exchange infrastructures
Cesr to step up securities and derivatives scrutiny
European regulators act as markets show “exceptional volatility”
Investigations find no evidence of 'fat finger' errors in US trading fall
NYSE, SEC and CFTC claim 'fat finger' error not the cause of last week's stock market plunge.
Trading fall prompts amendment to the Dodd Bill
Last week’s drop in US markets could yet provoke regulatory fallout
Operational risk possible cause of US equity nose-dive
Fat finger error mooted as possible cause for US market plunge
OTC shake-up likely as regulators mull centralised clearing
US legislators are pressing for reforms that will lead to a big shake-up in how over-the-counter derivatives are bought and sold. The question is how this will affect the structured notes market. John Ferry reports
US SEC had suspected Stanford Ponzi scheme since 1997
A report from the US Securities and Exchange Commission (SEC) says the Stanford fraud was ignored for a decade because it was too big and too complex.
Goldman charged over CDO role
The US Securities and Exchange Commission filed a lawsuit against Goldman Sachs in April, alleging the firm misled clients. Some observers suggest the action may not be successful, but criticise Goldman’s behaviour. By Mark Pengelly and Duncan Wood
Goldman criticised over CDO after SEC lawsuit
Goldman Sachs has been sharply criticised for arranging a synthetic collateralised debt obligation (CDO) at the centre of a lawsuit filed by the US Securities and Exchange Commission (SEC) last week.
Hedge funds targeted by SEC large-trader reporting proposal
An SEC proposal targets high-frequency trading and fund managers in particular.
Locked out of longevity
Despite regulatory scrutiny of life settlement products and concerns over the complexity of assessing longevity risk, the institutional structured product market in the asset class is growing exponentially. But will these products ever be suitable for…
MAD world
Hedge fund managers might unwittingly be exposing themselves and their firms to compliance risks by failing to fully address the Market Abuse Directive. Should they act now and review internal policies and systems as a key part in abuse detection?