Enforcement Roundup: Investors Win $900,000 in FINRA Arb Over Nontraded REITs
In other enforcement news, FINRA fined Barclays over electronic record storage and Instinet felt the SEC's wrath for improper soft-dollar payments.
Gundlach on Shiller CAPE Fund: ‘A Better Mousetrap’
DoubleLine's Jeffrey Gundlach and Yale economist Robert Shiller describe why their new fund might appeal to value investors.
The Penalty Box: Would Stiffer SEC Fines Make Evildoers Think Twice?
An upcoming bill would raise the penalties the SEC can impose on financial ne'er-do-wells. Maybe Congress’ time would be better spent increasing the likelihood that the SEC will catch anyone—by, oh, I don’t know, maybe increasing their funding?
Barclays’ Chief Quits as Outcry Over Libor Grows
A day after he insisted he had no intention of stepping down, Bob Diamond resigned as head of Barclays Bank effective immediately, bowing to pressure from lawmakers outraged over the manipulation of Libor rates on his watch.
Can ETNs Be Trusted?
Although the $17 billion exchange-traded note (ETN) market represents less than 2% of the trillion dollar ETP universe, it’s been making a lot of noise.
How to Avoid the Coming ETN Meltdown
The overriding theme is to immediately cut direct credit exposure to banks by moving into ETFs.
Crisis or Not, European Notes Launch
Despite increasing credit risk to European banks, some firms introduced exchange-traded notes (ETNs). ETNs are debt obligations tied to the performance of an index, currency or commodity.
Are Europe’s Bank Notes Safe?
Firmly established in Wall Street’s rich history are financial products which are sold as “safe” that turn out to carry risk reminiscent of a slot machine gamble.
Barclays Bank announced an agreement with Bayerische Hypo-und Vereinsbank AG (HVB) to acquire Indexchange Investment AG. That firm will be combined with iShares, Barclays Global...