SEC Applies Its Own Leverage on Exotic ETFs
Market volatility increased last month, so say the fine folks at the Securities and Exchange Commission, and now the government agency is looking for answers why.
Market volatility increased last month, so say the fine folks at the Securities and Exchange Commission, and now the government agency is looking for answers why.
Here and elsewhere in the media it was reported recently that Bernard Madoff inaccurately represented that he was working on an educational project with Harvard University. Now it appears that there was a connection after all.
While equity markets were looking up Wednesday, continuing volatility makes the current environment a dangerous place in which to release bad news.
Add daily deals purveyor Groupon to the list of hot Internet start-ups that have delayed plans for an initial public offering. Just a week after Zynga said it would delay its IPO, Groupon appears to have gotten a case of IPO cold feet as well.
Deer Consumer Products (DEER) got whipsawed this week as its wrestling match with Alfred Little continued.
The breathtaking speed of high-frequency trading may hit a speed bump in the form of securities regulation, a process known for moving at a much slower pace.
Exchange-traded funds are way cooler than mutual funds. At least that’s the sentiment that can be inferred from some recent research published by Cerulli Associates Inc. and the Investment Company Institute (ICI).
Exxon Mobil, take note. A day after the largest U.S. oil company signed a multi-billion dollar exploration pact with Rosneft, Russia’s largest oil company, masked police officers armed with assault rifles raided the Moscow office of competitor BP.
Why anyone would want to buy a stake in the futility-prone New York Mets baseball franchise is up for debate. But the ball appears to have been dropped for hedge fund luminary David Einhorn, who wanted to do just that.
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