These days, Judge Jed Rakoff’s name creates about as much agita inside the SEC as as Bernie Madoff. If Wall Street’s cops on the beat didn’t have enough to deal with already, now Judge Jed is up their ass about a seemingly meaningless legal settlement in the Galleon insider trading case.
Before approving the pact between the SEC and the Schottenfeld Group, where three traders worked before they were arrested in connection with the Galleon case, Judge Jed wants more info about how the regulators came up with the $460,475.28 they say Schottenfeld needs to pay in disgorgement fees. (We’ll now get to see the math skills of some SEC employees when they’re not looking at porn.) He’s given them until next week to come up with the answers.
Judge Jed also wants details on how and when the trading firm plans to implement new compliance recommendations and hire an outside consultant to watch over them. He pulled a similar maneuver last year when he refused to approve a settlement between the SEC and Bank of America over the shotgun wedding to Merrill Lynch.
He reluctantly approved the settlement after the SEC nearly tripled the penalties.
link,
http://online.wsj.com/article/SB10001424052702304620304575166690273757002.html
-fify
Zachery hun, Please just stop. – Your mother
Greg part deux?
@2 – Love the nod to Greg’s mom.
Leave Zach alone. This post is just fine and the tagline was greatly improved over prior posts. Stop complaining needlessly just because its someone besides Bess. Sheesh!
Judge Jed – I love it! Keep up the good work sweety!
Charles Gasparino III
I’m sending this article to FT.
What do you think, is it fresh?
*
Judge Jed Up SEC’s Ass Again
By Greg Michaels Collie
These days, Judge Jed Rakoff’s name creates about as much agita inside the SEC as as Bernie Madoff. If Wall Street’s cops on the beat didn’t have enough to deal with already, now Judge Jed is up their ass about a seemingly meaningless legal settlement in the Galleon insider trading case
Zach, YOU’RE AWESOME!
-Sent by Big Baby Jesus from Ms. Kouwe’s hot-tub
Oh fuck Teri Buhl…her last name is an onomatopoeia for regurgitation which is what I did when having to endure her writing.
Hey!! Do you guys see what’s going on with the “Teri Buhl” name?? It sounds like “terrible”!! Wow! What do you know!! Ha!
~AIG Quant
I want Greg back.. Now!! He was clearly underrated!
@11 – than figure out whats up with Zacko? Let us know.
Thanks,
B. Benmosche
Zach,
Noticed a distracting rustling sound near your desk?
-Jeff Macke
Thanks, Bertha. Judge Rakoff may be wanting certain SEC people to be “bonded out” one of these days but that’s a bone we’ll chew later, right Wolfman? Well, lots of inaction but concern here as we look at what the bonds are doing. The EU-IMF plan needed a HMFIC to rescue investor sentiment about Greece’s financial trap. The yield premium investors demand to hold Greek 10-year securities instead of German bunds widened 20 basis points to 364 basis points, the most since Jan. 29, Bloomberg generic yields show. The Greek financial plan “buscuits” need the German ovens and they need to get their bunds in bed! The Greek-German spread is hairier than the sheets on a Greek youth hostel’s cot after an night Uzo sampling and Greco-massage training rites of passage. Here in the US, we see the main theme today is the digestion of the non-farm payrolls data which we’ll drop off later into the speculative pools and the substantial sell-off in U.S. bonds has many as nervous as a Greek patron in a Turkish bath. and I have noted that with the last jobs report the FOMC’s concern over unemployment may have lightened some like Michael Jackson allegedly “over-lotioning”, but at a 9.7% rate, they would likely require a lot more evidence than a couple of positive reports. Back to you, Michelle.
who did zach “borrow’ this from? My money is on the 3rd grader next door that writes all his best stuff
Hard day of work for Zach. He managed two whole completely uninteresting pieces of crap.
@15 full of win.
Dealbreaker has sunk to new lows – now that Zach Kouwe, the NY Times Plagerist is allowed to write for them. How can we ever trust his news from his byline.
Judge Dredd