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Tag Archives: securities

Time to Close the Asset Class Ban Loophole Blog,Commentary,Investing & Trading,Mwiki,ReformWiki,Regulation,Regulation & Enforcement

Corzine and his ilk Should be Banned Across All Asset Classes Note: A correction to this story has been posted here. The NFA and FINRA to recognize the bans of other regulators. With the recent news that former MF Global CEO Jon Corzine is attempting to make a comeback at age 70 as a hedge fund manager, it became clear there is a hole in our regulatory system that needs to be fixed. Corzine is banned for life by the CFTC from trading futures, yet he can operate in the securities and FX worlds managing other people’s money. It is…

T+2 in T-?? Commentary,Financials,Regulation

Doug Ashburn

With high-frequency trading issues commanding the headlines these last few weeks, the story line has been about slowing down that which may be too fast. There is another issue concerning securities markets, however, that is about speeding up that which is too slow – the securities settlement cycle. Last week, the Depository Trust & Clearing Corporation (DTCC), published a white paper advocating the move from a three-day settlement cycle (T+3) to a two-day cycle (T+2) for U.S. equities, corporate and municipal bonds and unit investment trust (UIT) trades. The paper is the next step after a DTCC-commissioned study by the Boston…

Lauren Teigland-Hunt – Teigland-Hunt LLP Interview,Regulation,Video

Lauren Teigland-Hunt is managing director of Teigland-Hunt LLP, a law firm based in New York which focuses on U.S. commodities law and regulation. She advises financial institutions and buy side firms on regulatory issues related to derivative transactions and acts as counsel to several ISDA drafting committees. John Lothian News Editor-in-Chief Jim Kharouf spoke with Teigland-Hunt about documentation standards for cleared swap transactions (Section 731 of the Dodd-Frank Act), the FCM “agency model” imposed by sections 723 and 724 of the Dodd-Frank Act, and the first iteration of a standard execution agreement for cleared swaps, released by FIA and ISDA in June 2011.