Wednesday, 30 July 2014
Last updated 1 hour ago
Sep 22 2006 | 12:10pm ET
New York Attorney General (and Democratic candidate for governer of the Empire State) Eliot Spitzer will force us to eat some crow. In spite of our prediction last week that the late-trading/market-timing scandal was winding to a close, the AG found a new broker to throw the book at.
James Wilson of Manhattan was indicted on 11 counts related to his alleged role in making late trades of mutual fund shares for hedge fund clients of Trautman Wasserman & Co.
Janus Capital Group got in trouble last month for allegedly bending its rules regarding market-timing for Trautman customers.
If convicted, Wilson, who’s out on bail, faces four years in prison.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…