SEC

Open for business!Remember back when New York Attorney General Eric Schneiderman noticed that paying for an early look at information from news organizations looked an awful lot like insider trading? He even came up with a catchy name for it and got Thomson Reuters to agree to stop doing it. Well, fortunately for the high-frequency traders who rely on such sneak peeks, the Securities and Exchange Commission is still offering them. Read more »

Hint: One’s run by a hot-dog enthusiast and starts with a “P” and ends with an “oint72.” Read more »

Another, alas, did not. Read more »

Among the many, many provisions of Dodd-Frank is an awfully useful one for the SEC, allowing the regulator to force any defendant to play on its home-field. This is vexing to those defendants. Unfortunately for them, the law is the law. Read more »

Unfortunately for the brokerage, regulators like the SEC and FINRA keep dredging up the distant past of two years ago, when the firm was perhaps a little more lax vis-à-vis market access. But that’s ancient history, history which, Wedbush would like to add, does not include any losses to anyone at any time, and for which it should really just get a pass. Read more »

  • 15 Aug 2014 at 4:52 PM

Cynk Technology Had An Auditor

Two, actually! And a lawyer. And it wasn’t the only high-flying penny stock said accountants and said attorney have worked for. Go figure. Read more »

We all know that no one listens to what credit ratings agencies say, and that if you were buying up all of that RMBS eight years ago marveling at what a great deal you were getting on triple-A rated stuff, you had it coming. But wouldn’t it be neat if you could put the tiniest bit of stock into a credit rating? Wouldn’t it be great if the folks at Fitch and Moody’s and S&P actually had to do the things they get paid to do?

The SEC thinks so, too. Although, this being Mary Jo White’s SEC, it wouldn’t want to be accused of going too far, or far enough, for that matter. Read more »