James Shorris


James Shorris News

  • Price-Moves Rule, CFTC, Allstate, Spain, Lloyds: Compliance

    U.S. equity markets should limit price moves before resorting to the current technique of halting a stock when it fluctuates a certain amount, according to a report last week from advisers to regulators.

  • Finra Said to Name ex-SEC Lawyer Bradley Bennett as Enforcement Director

    The Financial Industry Regulatory Authority named Bradley Bennett , a partner at law firm Baker Botts LLP, as head of its enforcement unit, the industry-funded brokerage regulator said.

  • ETFs Gone Wild

    Exchange-traded funds--many stuffed with exotic derivatives--are shaking up the mutual fundindustry. Regulators want to make sure they don’t become the next financial time bomb.

  • ETFs Gone Wild

    By Edward Robinson July, 2010 (Bloomberg Markets) -- Exchange-traded funds--many stuffed with exotic derivatives--are shaking up the mutual fundindustry. Regulators want to make sure they don’t become the next financial time bomb. The skunk works at IShares’ headquarters in San Francisco is buzzing. Researchers in the development lab pore over data flashing across computer screens while colleagues refill their mugs at the coffee bar and huddle in conference rooms illuminated by translucent blue partitions. These brainiacs, who create the exchange-traded funds that have made the BlackRock Inc. unit the kingpin of the global ETF market, took a radical departure in November from the index trackers IShares has churned out for a decade. They released a hedge fund in a box. The IShares Diversified Alternatives Trust ETF packs the complex bets favored by hedge fund managers into one security.

  • Hedge Fund in a Single Security Makes Bogle See ETFs as Insane

    The skunk works at IShares’ headquarters in San Francisco is buzzing. Researchers in the development lab pore over data flashing across computer screens while colleagues refill their mugs at the coffee bar and huddle in conference rooms illuminated by translucent blue partitions.

  • Investors With `Nowhere to Go' Lured by Private-Placement Yield

    Tracy Nye, a 50-year-old restaurant owner, said he was forced out of early retirement last year after losing $1.5 million on privately placed investments that were largely unregulated.

  • Deutsche Bank Fined $7.5 Million forErrors in Subprime Mortgage Products

    Deutsche Bank AG ’s investment-bank unit will pay $7.5 million to settle claims that it misled investors by understating delinquency rates on subprime mortgage-backed securities it sold in 2006, a U.S. brokerage regulator said.

  • RBC Unit Fined by Finra in U.K. Over Sales of Reverse Convertible Notes

    Royal Bank of Canada’s RBC Wealth Management unit will pay $690,000 to resolve a brokerage regulator’s claims that a U.S. unit sold unsuitable financial products to elderly clients and others with modest net worth.

  • German Bond Default, BP, Credit Suisse in Court News

    Germany must face a lawsuit over bonds that defaulted under Adolf Hitler in the 1930s, a U.S. appeals court ruled, saying the nation isn’t immune from the claims and that American courts have jurisdiction to decide whether the bonds are enforceable.

  • BofA to Pay More Than $2.5 Million for Failure to Offer Security Discounts

    Bank of America Corp. will pay more than $2.5 million to settle a regulator’s claims that its Merrill Lynch unit failed to offer customers required discounts on purchases of pooled assets known as unit investment trusts.

Advertisement
Sponsored Links
Advertisement
Curation software by Lingospot