SEC

  • 09 May 2014 at 4:49 PM

The Bitcoin Bugle: Resurrection

Remember when the brothers Winklevoss announced, with customary fanfare, that they’d be making bitcoin-ETF history, as long as no one stole their idea in the meantime? Me either. But they haven’t forgotten, and now, against some odds, people who want to lose money on fake money may eventually have the chance to do so on the Nasdaq. Read more »

  • 02 May 2014 at 3:57 PM

Congressmen Stumble On Sure-Fire Insider-Trading Cure

If the SEC is going to be all holier-than-thou re: matters insider-trading, two Congressmen want to know why it doesn’t bar its employees from trading any stocks at all. You know, to be sure. Read more »

  • 02 May 2014 at 3:07 PM

SEC Official: You’re Not Dealing With Morons Here

Gregg Berman of the Securities and Exchange Commission has a message for those doubting that the regulator understands the U.S. stock market in the era of light-speed trading: You’re wrong. Berman, one of the SEC’s top advisers on high-frequency firms, dark pools and other elements of computerized markets, is facing pressure to respond to claims his agency has failed to police exchanges and has permitted speed traders to put other investors at a disadvantage. Other authorities, including New York Attorney General Eric Schneiderman, have announced their own probes into the issue. In remarks today at an Options Industry Conference near Austin, Texas, Berman aimed a rebuttal at critics and “maybe an attorney general” who might think “regulators are very behind the times and can’t keep up with market participants.” [Bloomberg]

  • 27 Feb 2014 at 10:00 AM

The Financial Crisis Hasn’t Ended At The SEC

Or at the Justice Department or CFTC or FCA or SFO. Read more »

I don’t know what it’s like at your office, but at the Securities and Exchange Commission, Valentine’s Day is a big deal. Staffers frequently beat suitors off with a stick and on February 14, the deliveries of candy, chocolates, flower arrangements, and edible undies do not stop. So when workers were notified just days before the big day that moving forward, such shipments were banned, there was no way they were going to take the news lying down. Read more »

In spite of Republican SEC Commissioner Daniel Gallagher’s complaints, the Volcker rule is here. Read more »

Perhaps it is not the most important insider-trading trial of all time. But today’s jury selection in SEC v. Mark Cuban might mark the end of the beginning of what seems like the longest insider-trading case of all time. And, in spite of the reputation of the chief protagonist (or antagonist, depending on your point of view and whether or not you are a fan of Dallas-based sports teams), it’s not likely to be a particularly entertaining insider-trading trial. Read more »