Wednesday, 24 September 2014
Last updated 13 hours ago
Jan 10 2014 | 12:25pm ET
The Securities and Exchange Commission has a new top cop on the complex financial instruments beat.
Michael Osnato was named head of the four-year-old complex instruments unit, one of five specialized enforcement units at the regulator, this week. The unit was formerly known as the structured and new products unit.
Osnato has been with the SEC since 2008, and was named an assistant director at its New York office in 2010. During his time at the SEC, he worked on cases against JPMorgan Chase and Credit Suisse.
"Michael is a natural leader who brings keen investigative instincts and exceptional judgment to his work," SEC enforcement co-chief Andrew Ceresney said. "He has been a valuable part of our efforts to punish misconduct related to complex financial instruments, and we are pleased that he will bring his considerable talents and skills to the unit."
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 McKitich, CIO of Petty 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…
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.