Wednesday, 27 August 2014
Last updated 6 hours ago
Dec 18 2008 | 2:57am ET
President-elect Barack Obama is expected to name veteran regulator Mary Schapiro as his nominee to head the Securities and Exchange Commission.
Schapiro served as an SEC commissioner from 1988 until 1994, and was acting chairman of the agency in 1993. She is currently CEO of the Financial Industry Regulatory Authority, and also served as chairman of the Commodity Futures Trading Commission from 1994 until 1996.
While heading the NASD, Schapiro sought to ensure that her members were offering adequate disclosures when selling hedge funds.
“Brokerage firms must fulfill their investor protection obligations when selling hedge funds, including suitability and disclosure,” Schapiro wrote in a notice to NASD members in 2003, according to the NakedShorts blog. “Although we are not charged with regulating hedge funds, we will scrutinize carefully the activities of broker-dealers when they sell those products; those actions directly affect the investing public.”
The SEC, and current Chairman Christopher Cox, is under fire, most recently for its failure to detect the alleged $50 billion Ponzi scheme perpetrated by Bernard Madoff.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...