The U.S. Securities and Exchange Commission is weighing whether proxy advisers have grown so influential in corporate elections that regulators should impose rules to make their business more transparent.
Sam Tabar, former head of capital introductions for the Asia-Pacific region at the Bank of America Corp.’s Merrill Lynch & Co. unit, joined Schulte Roth & Zabel LLP as an attorney catering to hedge funds.
It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
Proposals by an Israeli government- appointed committee on increasing competitiveness in the economy are “unwise” and “seriously misguided,” Ronald Gilson, a professor at Columbia Law School and Stanford Law School, said in an interview in Jerusalem.
JPMorgan Chase & Co., the biggest U.S. bank, said it’s under federal criminal investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.
Jeff Kessler, an attorney who helped bring free agency to the National Football League, is about to focus on the unpaid athletes who generate more than $16 billion in college sports television contracts.
In the end, billionaire Steven Cohen, one of the most successful hedge-fund managers of his generation, could end up getting banned from the business he dominated for an error of omission, not commission.
H.F. “Gerry” Lenfest, a Columbia University trustee, has pledged $30 million toward the construction of an arts building at the school’s new campus, the largest gift ever for the arts at the Ivy League institution.