Browsing: Compliance

Wall Street Lobbies to Remove Registration from STOCK Act

02/08/2012
New York, NY – Yesterday House Republicans introduced their own version of the STOCK Act, banning federal employees from using information obtained from their jobs to insider trade.  Unlike the ...

STOCK Act Requires Political Intelligence Firms to Register

02/06/2012
New York, NY – Last week, the Stop Trading on Congressional Knowledge (STOCK) Act passed in the Senate with a 96-3 vote.  The bill would ban members of congress and ...

London Caution

01/31/2012
The FSA’s insider trading case against David Einhorn and his fund, Greenlight Capital, highlights the differences in insider trading regulations between the U.S. and the U.K.  Many of the compliance ...

FINRA Suggests Changes to Fixed-Income Research Rules

01/30/2012
New York, NY – An article published last week in the Financial Times indicates that US financial regulators are planning to issue new rules in the next few weeks requiring ...

Einhorn Gored by FSA for Insider Trading

01/26/2012
New York, NY – Earlier this week, David Einhorn and his US hedge fund, Greenlight Capital Inc., was fined by the UK’s Financial Services Authority for alleged insider trading, indicating ...

Citigroup fined $725,000 for Research Violations

01/20/2012
New York, NY – Earlier this week, FINRA announced that it had fined Citigroup Global Markets $725,000 for failure to disclose various conflicts of interest in its research analysts’ public ...

Seven Charged in Insider-Trading Case

01/19/2012
New York, NY – Yesterday, federal authorities formally charged seven current or former analysts and portfolio managers at US buy-side institutions for illicitly collecting and trading on insider information related to ...

GAO Report Supports Analyst Independence

01/18/2012
The U.S. Government Accountability Office (GAO) issued a report last week recommending potential improvements to regulation safeguarding analyst independence.  The GAO concluded that current regulation is effective, but that the ...

2011 Review – Compliance

01/09/2012
One year ago, who would have guessed how deeply litigation and regulation would impact independent research?  Not us.  We were predicting that inside information concerns would abate in ...

SEC Adopts New Tactics to Fight Fraud

01/03/2012
New York, NY – In 2011 it became clear that US federal authorities had started the widespread use of telephone wiretaps to investigate and prosecute insider trading among hedge funds, ...
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