Wednesday, 22 October 2014
Last updated 12 hours ago
Feb 17 2006 | 12:00am ET
The National Association of Securities Dealers is being sued by a Lehman Brothers employee who was one of 1,900 test taker who were wrongly told they failed their Series 7 exam.
According to a suit filed this week with the U.S. District Court in Manhattan, Andrew Crabbe said his annual bonus was cut and his reputation harmed last October when he was incorrectly told by the NASD that he had flunked the Series 7 exam.
Earlier this year the regulatory body confessed that a computer glitch caused it to inadvertently flunk 1,880 test takers who actually passed the exam. The suit aims to represent all of the brokers affected by the NASD error.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...