Economics, Finance, Regulations, Technology

HFT Update: The Rise of the “Dark Pool”

A recent article by Scott Patterson on WSJ.com highlighted growing concern within the financial regulatory community about so-called “Dark Pool” exchanges. Dark pools are basically markets that match buyers and sellers of equities (typically though not necessarily in large blocks) anonymously and publish the trade results only after the fact. This WSJ Live video does […]

Read more
Politics, Regulations

The Little Apple Circus Comes to Washington

It was fascinating to see Tim Cook of Apple testifying before Congress about how his company is not only America’s largest corporate tax payer but also has scrupulously followed every law that governs the amount of taxes it pays on its US earnings.   It was quite an unbelievable scene, though all too common here […]

Read more
Finance, Regulations, Society

An Hour With A CEO? Sure. Amex or Visa?

As if the financial service world did not have enough dirty laundry, the FT recently put some more rags in the basket. A piece today by Steve Johnson notes that brokers routinely sell access to the heads of some of their corporate clients to hedge fund managers and other interested parties, usually without the CEO […]

Read more
Regulations

Enron 10 Years Later (Part 2): The Original Fortune Article

Is Enron Overpriced? In March 2001, FORTUNE pointed out that Enron’s financial statements were nearly impenetrable. January 19, 2006: 11:34 AM EST EDITOR’S NOTE – Remember when it seemed outrageous to suggest that Enron shouldn’t be the golden child of Wall Street? Before the congressional hearings, before Arthur Andersen was indicted, before the SEC and […]

Read more