Sunday, 21 September 2014
Last updated 2 days ago
Apr 9 2013 | 9:28am ET
The U.S. Senate yesterday unanimously confirmed former federal prosecutor Mary Jo White as chairman of the Securities and Exchange Commission.
White was approved to serve out the remainder of Mary Schapiro's term, which expires in 2014. Schapiro left the SEC in December and was replaced, on an interim basis, by Elisse Walter.
White spent nearly a decade leading the U.S. Attorney's Office in Manhattan. Sine then, she's worked at law firm Debevoise & Plimpton.
White was expected to start work today and could make her public debut tomorrow during an SEC hearing. While her appointment appears designed to indicate the Barack Obama administration's plans to get tough on white-collar crime, White isn't expected to speed up the rule-making process, which is still working to implement a number of new regulations mandated by the Dodd-Frank law and last year's JOBS Act.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.