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22 Dec 2011, 8:00 am by admin
A dive by the U.S. economy or a deepening of the European debt crisis would crush financial markets, reducing the ranks of the wealthy. [read post]
21 Dec 2011, 12:40 am by Kevin LaCroix
Morgan invested Orkney’s assets in risky subprime mortgage-backed securities, as a result of which Orkney suffered financial losses that triggered Assured Guaranty’s payment obligations. [read post]
15 Dec 2011, 8:17 am by Guest Contributor
Financial/Accounting – Buyers often hire an outside accounting firm to assist with due diligence of the Target’s historical financial results and financial projections, but some Buyers will do their accounting/financial due diligence internally. [read post]
15 Dec 2011, 2:00 am by Stephanie Figueroa
Allen Stanford Ponzi scheme from getting their collectively lost $7 billion dollars, resulting in the SEC filing a lawsuit in federal court against the Securities Investment Protection Corp., otherwise known as SIPC, an agency with a reserve funded by Congress to compensate investors who lost money in failed brokerage firms. [read post]
13 Dec 2011, 10:33 pm
In a separate decision, the Glenn approved transferring approximately 330 MF Global client securities accounts to Perrin, Holden & Davenport Capital Corp. [read post]
1 Dec 2011, 2:10 pm by Phil
Historically, RAFI(R) indices have generated significant outperformance over time by using measures of a company's economic footprint and through its rebalancing process that shifts assets into the least-favored securities and out of the most-favored--and thus most expensive--securities. [read post]
1 Dec 2011, 10:43 am
That round of sanctions resulted in $700,000 in restitution, to be paid by Workman Securities Corp. of Minnesota, plus a total of $105,000 in fines. [read post]
30 Nov 2011, 2:15 pm by Mandelman
 In other words, if you’re a giant financial institution, and you chose robo-signing as your solution, it’s because you didn’t have anywhere else to go. [read post]
30 Nov 2011, 8:19 am
Burns oversaw structuring and trading of hybrid derivatives, securities whose values are tied to different kinds of underlying assets. [read post]
28 Nov 2011, 8:57 pm
If MF Global went into customer segregated funds, which are supposed to separated away from the firm's assets, to meet the FCM's own margin calls, then Corzine and as yet unknown agents will face criminal charges. [read post]
23 Nov 2011, 1:24 pm
Chase Investment Services Corp. has been ordered to reimburse customers $1.92 million for losses they incurred after Chase Investment brokers recommended the customers purchase unsuitable unit investment trusts and floating rate loan funds, the Financial Industry Regulatory Authority (FINRA) announced on Nov. 15. [read post]
22 Nov 2011, 12:12 pm by Stephen Jenei
We recommend that companies secure coverage well in advance of launching their product lines and/or services. [read post]
15 Nov 2011, 12:00 am by Sam E. Antar
Examples of erroneous EBITDA calculations uncovered by the Securities and Exchange Commission Reviews of public company financial reports by the S.E.C Division of Corporation Finance highlight how EBITDA is required to be computed under Regulation G. [read post]
14 Nov 2011, 2:13 pm
An action against Stifel, Nicolaus andamp; Co.andnbsp;and RBC Capital Marketsandnbsp;involved the sale of unsuitable CDO investments to five Wisconsin school districts Six executives at Brooke Corp., and three executives at mortgage lender IndyMac Bancorpandnbsp;were charged by the SEC with misleading investors about the worsening financial conditions at their companies. [read post]
14 Nov 2011, 7:50 am by Stikeman Elliott LLP
With input from their financial and legal advisors, Canadian sellers often strategize on whether to undertake an extensive market canvass of prospective buyers or focus on a select, targeted group of strategic and/or financial participants. [read post]