Posts tagged as:

regulation

Broker/Dealers receive wrist slap for helping hedgies skirt taxes

by on October 12, 2009

Bloomberg reports today that Citigroup agreed to pay $600,000 in fines related to a charge Finra brought against the bank.  The regulator claimed that Citigroup didn’t properly supervise specific transactions of foreign clients to skirt paying taxes on dividend payments. According to the Bloomberg article: Investigators at the Financial Industry Regulatory Authority, which polices almost [...]

{ 0 comments }

Brokerage business: it’s certainly not football

by on September 2, 2009

Mary Schapiro’s SEC is taking aim at all the craziness going on in the brokerage business.  Brokers are madly switching firms and getting paid to do so.  Bonuses are flowing like water for both big and midsize practices. It’s with this backdrop that the SEC wants to put a damper on the all the partying.  [...]

{ 0 comments }

Continued war raging against inverse and leveraged ETFs

by on September 2, 2009

Dow Jones is reporting that investors in exchange traded funds (ETFs) that use leverage to achieve 2x and 3x of certain indices and inverse ETFs, funds that attempt to perform -1x certain index, are going to face higher margin requirements in the months to come. In an article published yesterday, Ian Salisbury of Dow Jones [...]

{ 0 comments }