bloomberg.com - 1/3/2009
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Jan. 2 (Bloomberg) -- U.S. regulators working to untangle Bernard Madoff ’s alleged $50 billion Ponzi scheme are probing other money managers suspected of using similar tactics, two people with knowledge of the inquiries said. The U.S. Securities and Exchange Commission is pursuing at least one ...
informationarbitrage.com - 1/6/2009
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informationarbitrage.com —
So much promise, so many risks. This is
how 2009 is shaping up. While euphoria surrounding the...
Obama Administration's fiscal stimulus plans will drive the markets early in the year, I believe this rally will lose steam as massive deficit spending ...
(more)
Some Thoughts on 2009
online.wsj.com - 1/5/2009
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online.wsj.com —
KARA SCANNELL Bernard L. Madoff Investment Securities LLC
was examined at least eight times in 16 years...
by the Securities and Exchange Commission and other regulators, who often came armed with suspicions. SEC officials followed up on emails from a ...
(more)
Madoff Chasers Dug for Years, to No Avail
reuters.com - 1/5/2009
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reuters.com —
Jan 5 (Reuters) - Bernard L. Madoff Investment
Securities LLC was examined at least eight times in...
16 years by the U.S. Securities and Exchange Commission (SEC) and other regulators, who often came armed with suspicions, the Wall Street Journal said. ...
(more)
U.S. regulators probed Madoff eight times over 16 ...
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Readings: Bailout Package II, Gold Stocks, Ponzi schemes
GalaTime —
PMO: Additional Government Measures for Stimulating the Economy
2 (c) NBFCs, dealing exclusively with infrastructure financing, would be permitted to access ECB from multilateral or bilateral financial institutions, under the approval route of RBI.
2 (d) In order to give a boost to the corporate bond market, FII investment limit in rupee denominated corporate bonds in India would be increased from US $ 6 bn to US $ 15 bn.
State Governments are facing constraints in financing expenditure because of slower revenue growth. To help maintain the momentum of expenditure at the state government level, ...
State Workers Fight Over Cutbacks as States Want More From Obama
Mish's Global Economic Trend Analysis —
As the budget crisis deepens, state employees are fighting each other for survival. Potshots are thrown between management vs. non-management, union vs. non-union, teachers vs. everyone else. In addition, governors want $1 trillion out of a total package of $850 billion Congress is likely to send to Obama to sign. The math does not add up. ...
Related Content
Record Ponzi Scam: $50 Billion
aleablog.com 12/11/2008 — SEC Charges Bernard L. Madoff for Multi-Billion Dollar Ponzi Scheme
The Securities and Exchange Commission today charged Bernard L. Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC, with securities fraud for a multi-billion dollar Ponzi scheme that he perpetrated ...
America's Fear of Competition
tbm.thebigmoney.com 1/24/2009 — Although everybody claims to love the market, nobody really likes the rough-and-tumble of competition that produces the essential "creative destruction" of capitalism. At bottom, this abhorrence of competition and change are the common theme that ...
SEC looks to reassure investors
(Reuters)
news.yahoo.com 2/8/2009 — Reuters - Securities and Exchange Commission officials looked to reassure investors on Friday that they would reinvigorate the agency's policing of Wall Street, improve the quality of credit ratings and said they expect to bring more cases against ...
SEC Skipped Normal Inspection of Madoff Hedge Fund
nakedcapitalism.com 12/14/2008 — So how did Madoff get away with his $50 billion fraud? Time will tell when and how it started, although I'd hazard the dot com bust. Madoff may have been unwilling to report losses, and assumed (initially) that no one would be hurt if he fibbed if ...
How the New SEC Enforcement Director Can Help Restore Investor Confidence
securitiesdocket.com 4/14/2009 — by Bruce Carton
Robert Khuzami began his new job as director of the Enforcement Division at the Securities and Exchange Commission on March 30. His arrival marks the first change in leadership for the Enforcement Division since 200
Khuzami joins the SEC from Deutsche Bank AG in New York, ...
SEC Heal Thyself: Compliance Program Revamped
securitiesdocket.com 6/9/2009 — The Securities and Exchange Commission just hasn’t had enough bad news recently, so last month the media piled on even more: a probe of insider-trading allegedly going on inside the SEC.
Specifically, the agency’s inspector general has found evidence of “suspicious activity, appearances of ...
Madoff Victims’ ‘Tragedy’ Said to Have Escaped Scrutiny by SEC
bloomberg.com 12/14/2008 — Dec. 14 (Bloomberg) -- Bernard Madoff ’s investment advisory business, alleged to be a Ponzi scheme that cost investors $50 billion, was never inspected by U.S. regulators after he subjected it to oversight two years ago, people familiar with the ...
Pondering Madoff as we enter 2009
ritholtz.com 12/23/2008 — Pondering Madoff as we enter 2009
by David Kotok
December 23, 2008
David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in Economics from The Wharton School of the ...
SEC Self-Funding: The Time Has Come
feedproxy.google.com 9/9/2009 — B. Carton
As I argued in this column last month, the Securities and Exchange Commission budget has been well below where it should be for several years. This shortfall has caused the SEC to suffer a 10 percent reduction in staff and a cut of more than 50 percent in its new technology ...
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