Tag: SEC

Wharton: “Why Corrupt Executives Are Rarely Prosecuted”

Don’t miss a great Knowledge@Wharton interview with Jesse Eisinger on his new book, The Chickenshit Club. Some highlights: Jesse Eisinger: The Justice Department has lost the will and ability to prosecute top corporate executives. They focus on settlements with corporations for money, and I think this undermines justice in America. Knowledge@Wharton: They lost the will. That’s

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(Re)Making The Case for Legalizing Insider Trading

This week I stumbled across a short note in the Wall Street Journal that was probably overlooked by most readers: Updated Oct. 25, 2016 6:44 p.m. ET Associated PressNEW YORK — A former Oppenheimer & Co. Inc. financial adviser has pleaded guilty to insider trading charges in New York City. David Hobson entered the plea

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Dark Pools, FINRA and the Observer-Expectancy Paradox

I wrote about Dark Pools back in June (https://reconnomics.com/2013/06/07/hft-update-dark-pools-raise-concerns-for-regulators-and-private-investors/), and how in this interesting corner of Wall Street traders can move large blocks of stock anonymously. Well, this week, new rules were proposed the Financial Industry Regulatory Authority (FINRA) that would force these markets to disclose trade data. As the article notes: U.S. stock-market regulators approved a plan

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