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What we can learn from Madoff
Bernard Madoff was able to pull off what is allegedly the largest investor fraud in history because people trusted him.
Bush to ask for TARP funds at Obama’s request
The moves reflect Mr. Obama’s desire to have the money available shortly after he takes office Jan. 20, Tommy Vietor, spokesman for the office of the President-elect, said in an interview yesterday.
Bill would reinstate uptick rule
Legislation that would require the SEC to reinstate the “uptick” rule was reintroduced today by Rep. Gary Ackerman,…
MSRB defends its oversight efforts
The Municipal Securities Rulemaking Board defended its oversight of the municipal-bond industry amid a federal investigation of bid…
Barney Frank proposes TARP restrictions
The Department of the Treasury would be required to take significant steps to mitigate foreclosures under legislation outlined…
Nasdaq ties index to TARP recipients
Nasdaq OMX Group Inc. unveiled trading and investment products tied to firms that received government assistance. One…
Merkin resigns from GMAC board
J. Ezra Merkin, who is thought to have lost $1.5 billion through investments with troubled money manager Bernard…
Suit filed against OppenheimerFunds
OppenheimerFunds Inc. is facing what may be the first of many arbitration claims over losses in its…
Rubin retires from Citi
Former Treasury secretary Robert E. Rubin is retiring from his post as senior counselor at Citigroup Inc., although…
Madoff scam hurts Mackenzie Financial
A hedge fund at Mackenzie Financial Corp. of Toronto invested about 20% of its assets with Bernard Madoff’s…
Watchdogs unveil $50M Ponzi scheme
The SEC and U.S. Commodity Futures Trading Commission have filed emergency actions to halt an estimated $50 million…
GOP names Garrett to key committee post
Rep. Scott Garrett, R-N.J., was appointed ranking minority member of the subcommittee on capital markets, insurance and government-sponsored…
Beware fragmented regulatory structure
The fragmented U.S. system of financial regulation has not kept pace with major developments that have occurred in…
Prosecutors: Send Madoff to jail
Arguing that Bernard L. Madoff is a “danger to the community,” prosecutors recommended that he be held in jail pending his trial.
Obama urges passage of stimulus bill
President-elect Barack Obama asked Congress to pass his proposed $1 trillion American Recovery and Reinvestment Plan quickly.
Madoff suckered longtime friend
Just 10 days before his arrest, Bernard Madoff received $250 million from a financial backer in an apparent bid to prevent the collapse of his firm.
Obama said to ask Bair to stay
President-elect Barack Obama intends to retain FDIC Chairman Sheila C. Bair in her post, Democratic Party officials told The Wall Street Journal.
Britain to end short-sale ban Jan. 16
The United Kingdom’s ban on short selling for select financial companies will be lifted on Jan. 16, according…
MSRB requests delay for new reporting system
The Municipal Securities Rulemaking Board on Friday proposed a partial delay in the launch of its new transparency system for short-term securities after many in the industry said they need more time to implement the system.
RETAIL REGULATION REVAMP NOT IMMINENT
Issues that affect the retail segment of the financial services industry may not win immediate attention from Congress and President-elect Barack Obama’s administration.
