The New York Federal Reserve has published the daily schedules of its president, William Dudley. As a result, we learn the identities of those the central banker holds in highest esteem, based on the tried-and-true high school metric of who he eats with.
Highlights include breakfast with Larry Fink, CEO of BlackRock and Read More
Bloomberg reports that a major sting operation involving hedge funds and ponzi schemes is underway, and we’re going to find out more as the day goes on:
A crackdown on financial frauds including Ponzi schemes and stock market manipulation has resulted in U.S. enforcement actions against 343 criminal defendants and 189 civil defendants Read More
The FBI is now questioning Menucher Menucherhry, a consultant for dominant expert-network firm Gerson Lehrman, as part of its industry-upending insider trading investigation, The Wall Street Journal reports.
According to people familiar with the matter, “The consultant, an employee of Marvell Technology Group Ltd., provided information about the technology industry to Read More
It’s been about a week since the world learned of Broadband Research analyst John Kinnucan and his lovely October evening that was so rudely interrupted by federal agents. Since then, Mr. Kinnucan has bravely and repeatedly thrust himself onto the national stage to tell the tale of his courage in the face Read More
Business wasn’t exactly booming for big-time money managers before FBI agents started knocking at the doors of hedge-fund offices right before Thanksgiving. Since early 2009, investors have pulled $90 billion out of mutual funds, and new regulatory scrutiny may very well prompt more people to take their money back from mutual funds, Bloomberg Read More
Once a bastion of indie cred, the high-frequency trading industry is now shedding its cool underground status in favor of openly paying politicians in hopes of avoiding a regulatory crackdown. Following last week’s midterm elections, the impact is already being felt. Bloomberg reports:
Closely held companies with undisclosed profits and obscure names like Getco LLC, Read More
America’s banks should get ready for a new sherrif to come to town. Federal Deposit Insurance Corp. head Sheila Bair should be hanging up her bank-regulating spurs come 2011.
So reports TheStreet.com:
“I’m going to serve out my term,” Bair, chairman of the Federal Deposit Insurance Corp., said at an industry conference. “I Read More