New Hire Roundup: Global X Names Berruga COO, Lynch Senior Compliance Officer
Also, Joseph Cusick, formerly of optionsXpress, joined MoneyBlock, and Robert Litterman was named Commonfund's new board chairman.
SEC, FINRA, DOL Enforcement: $2 Million Restored to U.S. Postal Drivers’ 401(k)s
Meanwhile, SEC announces settlements in penny stock shell packaging scheme and agency wins on front running, loses on insider trading in Illinois case.
Knight Capital Blunder Hastens SEC Rulemaking on Exchange Integrity
After a computer mishap spewed orders through stock exchanges on Wednesday and led to a $440 million loss at market maker Knight Capital Group, the SEC is speeding efforts to require exchanges to ensure the “capacity and integrity of their systems.”
Goldman’s Blankfein Feels ‘Shame’ for Underestimating Firm’s Importance
The Goldman CEO believes firm is still ‘vampire squid’ is eyes of consumer.
ETF Liquidity Demystified
Intraday liquidity is one of the most frequently cited advantages of exchange-traded funds, but it is also one of the most misunderstood.
New Hire Roundup: Mason Is CIO at OneAmerica; Rodilosso Joins Market Vectors
This week in new hires, John Mason became CIO at OneAmerica Financial Partners and Francis Rodilosso went to Market Vectors ETFs.