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Khuzami Remarks at SIFMA’s Compliance and Legal Society Annual Seminar

03/24/2011
New York – Yesterday, Robert Khuzami, Director of the SEC’s Division of Enforcement addressed the SIFMA Compliance and Legal Society Annual Seminar. Some of his remarks are excerpted below, especially ...

Do As I Say Not As I Do

03/22/2011
New York – When is inside information not illegal?  When U.S. lawmakers or their staff trade on nonpublic regulatory or legislative information.  Two House Democrats introduced legislation last week to ...

youDevise’s Expanding (First) Coverage

03/18/2011
New York – youDevise Ltd. Of London and First Coverage of Boston recently announced that they would combine their firms to form one entity which will operate under the youDevise ...

Ten Things to Know about Responsible Investment and Performance

03/17/2011
New York – Today, GovernanceMetrics International (GMI), a provider of corporate governance and ESG research globally, released a report on the relationship between responsible investments and performance. For this report, ...

CSA Use Grows on Buy-Side

03/14/2011
New York, NY – According to a report recently published by Boston-based consulting firm the Tabb Group, three-quarters of all US buy-side firms currently use commission sharing agreements.  In addition, ...

Lord Myners Bundles With Autonomous

02/22/2011
New York – Paul Myners, author of the Myners report which spurred the U.K.’s Financial Services Authority (FSA) to require greater commission transparency, joined London-based Autonomous Research LLP as chairman ...

Big Lots Drops Suit of Retail Intelligence Group

02/22/2011
New York, NY – Last week, Big Lots, a Columbus, Ohio-based discount retailer agreed to drop its lawsuit of independent channel checker, Retail Intelligence Group (RIG).  The final settlement won’t ...

Ticonderoga Said to Buy Soleil

02/11/2011
New York – Bloomberg Businessweek reports today that Ticonderoga Securities LLC, the New York-based broker-dealer started in 2009, has reached a preliminary agreement to buy independent research firm Soleil Securities ...

Abolish the Global Research Settlement?

01/25/2011
The following is a guest article by Stanley (Bud) Morten, C.F.A., who was appointed by the regulators to be an independent consultant overseeing Citigroup’s spending on independent research under the ...

SEC to Banks: Accept Payments Through CCAs

09/24/2010
New York – The U.S. Securities and Exchange Commission issued a letter clarifying that investment banks providing proprietary research can be paid through Client Commission Arrangements (CCAs).  This innocuous letter ...