John Nester

John Nester News

  • Exchanges Said to Prepare Pilot Programs for Changing Tick Sizes

    Proposals to study changing the price increments at which some U.S. stocks change hands may be getting closer to implementation.

  • REITs Scrutiny, China IPOs, India Housing: Compliance

    Iron Mountain Inc. and Equinix Inc., two technology companies planning to convert to real estate investment trusts, plunged after saying that the U.S. Internal Revenue Service is scrutinizing their eligibility.

  • SEC Pays $580,000 Over Ex-Investigator’s Firing Claims

    The U.S. Securities and Exchange Commission has paid $580,000 to settle claims by a former internal watchdog that he was fired in an effort to quash his investigations.

  • Sam Wyly Wins Ruling Limiting Civil Penalties in SEC Lawsuit

    Sam Wyly, the former Michaels Stores Inc. chairman sued by the U.S. Securities and Exchange Commission for alleged insider trading and securities fraud, won a ruling limiting the civil penalties the agency can seek.

  • Stock Exchanges Seek Curbs on Dark Pools to Fight Exodus

    Three large U.S. stock exchanges are lobbying for new limits on dark pools and other competitors, arguing that too much trading has become hidden on private venues that create more cost and volatility in public markets.

  • Ex-Goldman Sachs Trader Tourre Loses Bid for Partial Ruling

    Former Goldman Sachs Group Inc. trader Fabrice Tourre lost a bid for a ruling that he wasn’t liable under U.S securities laws for foreign transactions while the U.S. Securities and Exchange Commission won a ruling that Tourre violated a provision of U.S. securities law.

  • Tourre Seeks to Keep SEC From Arguing CDO Added to Crisis

    Former Goldman Sachs Group Inc. executive Fabrice Tourre asked a judge to block the U.S. Securities and Exchange Commission from arguing at his fraud trial set for July that he contributed to the financial crisis.

  • SAC Digs In as Deadline Nears for U.S. Insider Cases

    SAC Capital Advisors LP’s Steven Cohen is hunkering down as a deadline approaches for the federal government to file criminal or civil insider-trading cases against the billionaire hedge-fund manager.

  • SAC Says Cooperation With U.S. No Longer ‘Unconditional’

    SAC Capital Advisors LP, Steven Cohen’s $15 billion hedge-fund firm, told investors it’s no longer cooperating unconditionally with the U.S. government’s insider-trading investigation.

  • How Bad Can It Be for SEC Whistle-Blowers?

    George Canellos, 48, has one of the Securities and Exchange Commission’s top jobs. The SEC’s new chairman, Mary Jo White, appointed him as co-director of the enforcement division, along with Andrew Ceresney, a former partner of White’s at Debevoise & Plimpton. Their job is to oversee 1,200 investigators, accountants and lawyers who try to root out corruption on Wall Street. Canellos should be above reproach.

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