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Finra Files Complaint against Lerner |
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The Financial Industry Regulatory (Finra) announced in a press release on May 31, 2011 that it has filed a suit against David Lerner & Associates in connection with the firm's solicitation of shares in Apple Reit Ten, a non-traded $2 billion Real Estate Investment Trust.
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Another insider trading case is ready to begin |
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Winifred Jiau, a former consultant at the expert network firm Primary Global Research is set to go on trial for allegedly helping pass along private corporate information to her hedge fund clients. If convicted she faces up to 25 years in prison.
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Compliance Compensation ranging from fair to horrible |
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The sky's the limit for Wall Street salaries these days, after the money slowed down after the 2008 financial crisis. Last year's total compensation and benefits reached a record $135 billion last year, according to the Wall Street Journal, up 5.7% from the previous year. But compliance staffers are not getting a fair piece of that pie, sources say.
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Hedge Funds Exchange
The Man Recovering Money For Madoff Victims Is Charging Too Much, Suit Says
If a large portion of your savings were stolen how much would you pay to get it back? In court filings last week, some 800 victims of Bernard Madoff's scheme said they're paying one man too much to recover their losses.
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Huge Fight Breaks Out On TV As Former Hedge Funder's 50 Calorie Ice Cream Comes Under Attack
Two former hedge fund execs turned ice cream shop owners are under attack from Fox News. Robin Garman and Magda Abt used to work at EagleRock Capital, a small New York City-based equity hedge fund founded by Nader Tavakoli.
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Hedge Funds Fuel New Financial Thrillers
What is about hedge funds that bring out the creative writing juices in some Wall Street veterans?
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Wall Street Job Report
UBS Not Down With Employees Transferring Securities Into Their Personal Accounts
Last month, we noted that a group of UBS employees who "worked in operations and were responsible for securities movements and payments" had been escorted out of the building and told not to come back "pending an internal review into their conduct."
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BofA CEO Says Foreclosure Deal Will Take Time
A settlement between a coalition of federal and state agencies and U.S. banks over foreclosure practices will take longer to hammer out than many expect, Bank of America Chief Executive Brian Moynihan said Wednesday.
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Geithner and Goldman, Thick as Thieves
What was Timothy Geithner thinking back in 2008 when, as president of the New York Fed, he decided to give Goldman Sachs a $30 billion interest-free loan as part of an $80 billion secret float to favored banks?
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