SEC charges brokerage firm
April 15th, 2014
The US Securities and Exchange Commission has announced another round of charges in its ongoing case against several individuals involved in a massive kickback scheme to secure the bond trading business of a state-owned Venezuelan bank. The SEC alleges ...
Exclusive: SEC eyes test that may lead to shift away from ‘dark pools’
April 11th, 2014
U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as “dark pools” that critics say may be hurting investors by reducing the quality of ...
SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds
April 9th, 2014
A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics. James Kidney, who joined ...
Mind the Non-GAAP
March 27th, 2014
Nontraditional financial metrics can shed valuable light on a company’s operations – or obscure its true condition. Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA (as adjusted). Even enthusiasts of non-GAAP metrics have to admit ...
SEC Probes Threat From Cyber Attacks Against Wall Street
March 27th, 2014
The U.S. Securities and Exchange Commission is examining the exposure of stock exchanges, brokerages and other Wall Street firms to cyber-attacks that have been called a threat to financial stability. The SEC held a roundtable discussion of those risks ...
Asia Stocks Rise as Copper Slips Amid China Stimulus Talk
March 24th, 2014
Asian shares rose, with the regional index rebounding from its biggest two-week decline since June, and the yen fell. Nickel slid after a seventh weekly gain as a preliminary Chinese manufacturing gauge unexpectedly fell, while gold and silver retreated. ...
‘Small’ Companies May Be Free of XBRL
March 18th, 2014
A bill with broad bipartisan support would apply to public companies with less than $250 million in revenue. It’s only an early step in the legislative process, but it’s looking good that “small” public companies won’t have to file ...
6 Big Things You Need to Know About Bitcoin This Week
March 17th, 2014
Mt. Gox is history. Flexcoin flatlined, too. Hackers are stealing Bitcoin like crazy. Yup, Bitcoin is looking shadier by the minute. So much so that a Silicon Valley startup wants to bury it underground Fort Knox-style. The controversial cryptocurrency ...
Market Regulation
February 4th, 2014
A “regulated market” or “organized market” as defined by Directive 2004/39/EC means the multilateral system managed or operated by a market operator and which brings together or facilitates the bringing together of multiple third-party buying or/and selling interests in ...
