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Tag Archives: FINRA

John Lothian Newsletter: Esma probes agencies’ views on banks; Fed official floats stress tests of money funds; Oslo Børs to cut opening hours John Lothian Newsletter,Newsletter

European regulator Esma takes a closer look at the three largest credit rating agencies, to see if those companies are sufficiently rigorous in their activity. An official in the Federal Reserve suggests expanding future bank stress tests to include sponsored mutual fund data.  In a sign of the “reduced volume” times, the stock exchange in Oslo is cutting back its trading hours in an effort to increase trading volume in the remaining open hours.

John Lothian Newsletter: Regulator seen conflicted in Nasdaq’s Facebook mess; Strained SEC holds up swaps rules; G20 targets growth to restore confidence John Lothian Newsletter,Newsletter

Nasdaq asks FINRA to look over the broken pieces of the Facebook IPO; FINRA says it’s normal, but some see a conflict of interest. The CFTC and others are ready to go on swaps rules, but the SEC is having trouble keeping up, delaying the approval of the new regulatory structure.  The G20 gets out their public relations wallpaper and plans to issue a resolution today declaring their fervent support of the euro, and their commitment to fixing problems through growth.  Today’s first read gives a look at the new JLN Forex logo and blog site; and an opportunity to…

John Lothian Newsletter: Call Made for a Bigger Wall on Street; NYSE Euronext opens up data centres; MF Global trustee: Corzine mismanaged firm’s growth John Lothian Newsletter,Newsletter

FINRA wants to extend conflict-of-interest rules to cover analysts and bankers who work with debt offerings. NYSE Euronext opens up its data centers to other technology vendors, betting that any advantage it might lose to competitors will be offset by a broader acceptance of its technology. The MF Global trustee releases a big report containing many non-surprises, among them evidence that ex-head Jon Corzine badly managed the company’s growth prior to the company’s final un-growth. In today’s First Read, along with promotions, new technology and more MF Global discussion, you’ll find a MarketsWiki.tv interview with Dan Hart of Cortland Fund…

John Lothian Newsletter: CBOE And DRW Teaming Up To Launch Swap-Like Futures; $1.6 billion in missing MF Global funds traced; CME, Finra Seek Closer Ties On Regulation John Lothian Newsletter,Newsletter

CBOE and DRW Trading are working on a futures product that works like an OTC swap, with the goal of providing swap dealers with an alternate way (and alternate regulations) for working with swaps. The MF Global trustee says that at this point, they pretty much know where the money went, but they’re not sure how much of it they can get back. If that’s not enough MF Global news for you, you’ll also find comments from Jill Sommers of the CFTC; an update on trading in bankuptcy debt payments; and Louis Freeh says just kidding, we’re not really going…

U.S. House Committee on Financial Services MF Global Investigation Testimony – Part 1 – Panel 2 Regulation,Video

MF Global Panel 2

Video of Panel 2 of the initial “The Collapse of MF Global” hearing of the House Financial Services Subcommittee on Oversight & Investigations, plus links to written testimony. Featuring: Dan M. Berkovitz, General Counsel, Commodity Futures Trading Commission (View written testimony – PDF) Robert Cook, Director, Division of Trading and Markets, U.S. Securities & Exchange Commission (View written testimony – PDF) Terrence Duffy, Executive Chairman, CME Group (View written testimony – PDF) Richard Ketchum, President, Chairman & CEO, Financial Industry Regulatory Authority (View written testimony – PDF) James Kobak, Jr., Chief Counsel to Mr. James Giddens, Bankruptcy Trustee for MF Global Inc. (View written testimony – PDF) Thomas Baxter, Jr.,General Counsel,…

MF Global News (12/9/11 AM) Blog,Regulation

The latest news on the MF Global bankruptcy and fallout, published in the John Lothian Newsletter (subscribe here) the morning of December 9, 2011. In the wake of the MF Global bankruptcy, John Lothian Newsletter has created a special section on JohnLothianNewsletter.com devoted to news, information and commentary. The section features archived news stories featured in the John Lothian Newsletter, analysis and breaking news. Check regularly for updates. See the MF Global news section here.

Special Report: House Agriculture Committee MF Global Hearing Regulation,Special Report

MF Global

This special report from the John Lothian Newsletter (subscribe here) includes the latest from the MF Global collapse, and the House Agriculture Committee meeting in which former MF Global CEO Jon Corzine made his first public appearance since leaving the firm several days after it filed for bankruptcy on October 31. In the wake of the MF Global bankruptcy, John Lothian Newsletter has created a special section on JohnLothianNewsletter.com devoted to news, information and commentary. The section features archived news stories featured in the John Lothian Newsletter, analysis and breaking news. Check regularly for updates. See the MF Global news section here.