In FSI Testimony Before Congress on SRO, a Call for a Level Regulatory Field
In voicing support for HR 4624, FSI believes an advisor SRO will close an unacceptable regulatory gap that leaves investors exposed to potential fraud and abuse at the hands of unscrupulous investment advisors.
Why Bachus’ SRO Bill Misses the Target
Bachus’ SRO bill would impose rigid exam standards on state regulators without corresponding standards on either the SEC or SROs.
Rymer Named Interim IG at SEC
Rymer, who currently serves as inspector general of the FDIC, will serve as interim inspector general of the SEC until a permanent successor can be found.
Jason Zweig Calls for Robots as Regulators
Jason Zweig is causing controversy—again—suggesting the ongoing SRO debate would be solved with robots (seriously).
Picard Hits Homer vs. Mets
How many All-Star free agents could $162 million have bought the New York Mets?
New Jersey’s Gov. Chris Christie is a rising star in Republican national politics.
Fraudulent Families Pt. 1: SEC Settles Father and Son Hedge Fund Fraud Case
Gabriel and Marco Bitran to pay $4.8 million penalty, barred from industry, for claiming a nonexistent track record for their quant hedge funds. There’s a Bernie Madoff connection as well.
Allen Stanford Found Guilty of $7 Billion Ponzi Scheme
Former billionaire Allen Stanford was convicted Tuesday of running a $7 billion Ponzi scheme. He was found guilty on 13 counts of a 14-count criminal indictment, including fraud and conspiracy.
Mets’ Owners Ordered to Trial Over Madoff Gains
Bad news for the New York Mets that goes way beyond their perennial bullpen issues: A judge ruled owners Fred Wilpon and Saul Katz will have to forfeit as much as $83 million in allegedly ill-gotten gains and will go to trial over another $303 million. Both findings are related...
‘Triumphs’ of the Regulators
The magnificent and multiple failures of financial regulators over the past few years have been rather alarming.