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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. [...]
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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 [...]
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The News News hit this week that upstart financial advisory firm and independent broker-dealer, HighTower, landed star broker, Richard Saperstein as a partner. According to an article by InvestmentNews, Saperstein manages a book worth about $10 billion in assets. Nabbing Mr. Saperstein is a financial coup for HighTower. If he charges clients in his bond [...]
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Mark Cuban, billionare owner of the Dallas Mavs and founder and seller of broadcast.com to Yahoo in the Wild West heydays of the internet bubble, has become somewhat of a folk hero to the average Joe the Plumber. He’s been ubiquitious of late: he’s showing up on podcasts like NPR’s Planet Money and has preached [...]
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Very interesting post over on IR Web about the recent rush behind ADR banks listing hundreds of foreign firms OTC — non sponsored — in the wake of some rule changes at the SEC. Very interesting read with lots of moving parts and interesting ramifications. Says Dominic Jones, “In some cases, companies may not be [...]
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Dominic Jones has an interesting story/rumor that may be substantiated this afternoon as the Secuirty Exchange Commission’s (SEC) Chris Cox has called for a press conference this afternoon and has invited some of the blogosphere to attend. The big news is supposed to be an announcement “to unveil a ‘futuristic information disclosure system for investors [...]
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A potentially impactful accouncement was made yesterday by the SEC. Under certain circumstances, companies can rely on relating information via their websites to satisfy Reg FD requirements. According to an IR expert in new technologies, Dominic Jones, “The move is significant as it could cut disclosure costs for many companies that today use paid PR [...]
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