Harry Markopolos should be every American investor’s hero, I know that he’s one of mine. Mr. Markopolos, one of few Wall Street executives with a conscience, tried unsuccessfully for almost a decade to alert the SEC that Bernie Madoff was running a Ponzi scheme. The SEC’s refusal to investigate Madoff during that whole period is [...]
The Securities and Exchange Commission (SEC) just adopted new rules to their oversight of money market funds — revisions that include increasing credit quality, improving liquidity, shortening maturity limits, and requiring the disclosure of a fund’s actual “mark-to-market” net asset value, known as a “shadow NAV,” on a delayed basis.
This SEC action grows out of [...]
The Financial Industry Regulatory Authority (FINRA) has been given the go ahead from the SEC to make it’s BrokerCheck service records of final regulatory actions against brokers permanently available to the public.
Previously, a broker’s record generally becomes unavailable to the public two years after he or she leaves the securities industry and is therefore no [...]
Think Harry Markopolos is an American hero for continuously warning SEC regulators for years about Bernie Madoff’s record breaking Ponzi scheme, which eventually defrauded investors out of about $50 BILLION dollars?
Then you’ll be even more impressed with Brooksley Born, an American heroine and former head of the CFTC, who put everything on the line in [...]
The one thing that I learned rather quickly when I first started working as an employee, is the fact that everyone is replaceable. No matter how highly you value yourself, the company will always consider you expendable. It’s nothing personal. Like they say, “it’s just business”.
Even in a market where there’s a shortage of pharmacists, [...]
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SIGTARP Transparencies
SIGTARP is the acronym used to easily identify the office of the Special Inspector General for the Troubled Asset Relief Program.
SIGTARP was created by the Emergency Economic Stabilization Act of 2008 (EESA), and is headed by Neil M. Barofsky, the Special Inspector General appointed by President George Bush, and confirmed by the Senate, just before [...]