Robert Colby

Finra Hires First Chief Economist to Boost Cost-Benefit Analysis

Wall Street’s self-regulator announced today that it has hired a chief economist who will for the first time shape a formal process for measuring the costs and benefits of new regulations.

Dark-Pool Crackdown Will Harm Mutual-Fund Investors, Ex-SEC Officials Say

The Securities and Exchange Commission will harm mutual funds should it force private venues known as dark pools to immediately announce they have executed orders, according to two former officials at the agency.

Soros Gold Bubble at $1,384 as Miners Push Buttons

James Burton didn’t have a penny invested in gold of the $142.8 billion he managed as chief executive officer of the California Public Employees’ Retirement System in 2002. Why would he? The metal had been in a bear market for two decades.

SEC $4 Billion Data Tracking System Is Too Costly, Virtu's Concannon Says

The U.S. Securities and Exchange Commission’s plan to force financial firms to spend as much as $4 billion a year tracking equity orders and trades is too expensive and doesn’t need to gather data in real time, according to a former Nasdaq OMX Group Inc. executive.

Sidestepping Rotation, Dodd-Frank, Sallie Mae: Compliance

Companies that issue securitized debt may have to change their credit-ratings provider at least every four years as part of a possible European Union compromise to promote competition in assessing such securities.

SEC Questions Trading Crusade as Market Makers Disappear

The U.S. Securities and Exchange Commission has spent 15 years remaking the stock market into 11 competing exchanges and hundreds of computer-driven traders. In the process it has virtually eliminated the traditional market makers who bought and sold stocks when no one else would.

Deutsche Boerse's $9.53 Billion NYSE Purchase May Lead to More Takeovers

Deutsche Boerse AG’s $9.53 billion all-stock purchase of New York Stock Exchange parent NYSE Euronext creates the world’s largest owner of equities and derivatives markets, and may spur additional mergers.

Dimon Shows No Retreat: Bloomberg Businessweek Opening Remarks

Jamie Dimon has the silver mane and piercing, gray-blue eyes of a chief executive officer from central casting, but he talks like one of his own charged-up traders.

Knight Investors Eye Prize in Market-Making for Individuals

The investors who bailed out Knight Capital Group Inc. by purchasing $400 million in convertible securities are gaining control of the biggest trading partner for individuals in the world’s largest stock market.

`Crisis of Trust' Requires Exchange Trading of Securities, Peterffy Says

Market fragmentation has led to a “crisis of trust” among investors that U.S. regulators could help remedy by forcing broker-dealers to send orders to public exchanges, said Thomas Peterffy , chairman and chief executive officer of Interactive Brokers Group Inc.

"It was done implicitly but not in a well organized, explicit way of saying these are the impacts that we intend and these are the ones that we think may result."

- Robert Colby on Apr 30, 2013

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Facebook IPO Investor Scam Leads to Arrest of Three Men

S&P 500 Rises on U.S. Optimism While Metals Fall on China