Maybe Traders Shouldn't Be Allowed To Trade Anything - Dealbreaker

Maybe Traders Shouldn't Be Allowed To Trade Anything


For themselves, anyway. If they work at a bank. It would just make things so much simpler, says BreakingViews.

[Goldman’s] new policy raises a bigger question, though: Why are Wall Street deal makers allowed to own individual securities at all?...

The default across the industry should be that bankers avoid owning individual securities, with permission sought only for exceptions. What is more, deal makers could be given, say, seven years to divest themselves of such stocks and bonds to reduce any penalty for selling.

Goldman’s New Conflict Rules Go Only So Far [DealBook]


Maybe E*Trade Should Stop Giving Four-Year Contracts To Its CEOs

Like the four who held the job before him since its, er, difficulties began five-and-a-half years ago, Steve Freiberg did not do a particularly good job running E*Trade. But he's been compensated handsomely for facing the wrath of an angry Ken Griffin before getting a pink slip in August.