Wednesday, 1 October 2014
Last updated 10 hours ago
Mar 18 2011 | 12:33pm ET
Securities and Exchange Commission Chairman Mary Schapiro's pleas for more funding have found at least one receptive Republican ear on Capitol Hill.
Rep. Jo Ann Emerson (R-Mo.) broke ranks with her party this week, opposing deep cuts in the SEC budget. While Emerson did not go so far as to back Schapiro's call for a $260 million increase in the agency's budget, she did say she was skeptical of her own party's plans to slash about $200 million from its budget.
"My recommendation would be to probably not take them back to 2008 levels," Emerson said, referring to a GOP plan that would cut all federal agencies to their budgets of three years ago. "They've got a big mission and they need the tools to do their job."
Emerson's support could be key, although she warned that her words were merely her "personal opinion." The Missouri congresswoman is the chairwoman of the House of Representatives Appropriations Subcommittee that sets agency funding levels.
"Let's just say I think [Schapiro] makes a good case and I hope my colleagues can make a good case that at least 2008 levels is too drastic for the SEC," Emerson said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...