JPMorgan’s announcement on Thursday that it was reporting a $2 Billion trading loss has shaken Wall Street for at least three reasons.  First, unlike most large banks, JPMorgan Chase came out of…

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Dewey: Forget pensions or claims of owed money , the New York law firm is now facing a lawsuit that it…

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You can tell good SEC speeches from bad ones.  The good ones always have a ‘Top Ten List” or some sort of takeaways that impart practicable information, like hot-button regulatory priorities or best practices in the industry.

And, of course,…

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Title IV of the Dodd-Frank Act eliminated the private adviser exemption.  As a result, these private advisers – including those servicing hedge funds and private equity funds, now are subject to…

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Broker-dealers should be reluctant about recommending to customers that they invest in China-based companies.  On Monday, the SEC struck yet another blow to the damaged reputations of China-based firms when it charged China…

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The SEC took an unusual but effective measure against microcap frauds by suspending trading in the securities of 379 dormant companies.  Each company was expelled before they could be hijacked by fraudsters and…

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U.S. regulators moved on Thursday to seize control of pension plans at Dewey & LeBoeuf, the latest sign of likely collapse at what was once a top U.S. law firm, Reuters reported.  Dewey…

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Citigroup, the 3rd-largest U.S. lender by assets, faces the real possibility of a two-level downgrade of its credit by all three major credit rating firms.  Such an occurrence would mean a huge financial…

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The SEC has entered the JPMorgan $2 billion trading loss fray – perhaps joining forces with the Federal Reserve and the U.K.’s Financial Securities Authority, who earlier announced their joint investigation into activities leading up to the $2 billion…

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Like Captain Ahab in “Moby Dick”, the Federal Reserve and the Financial Services Authority (“FSA”) are not waiting around for JPMorgan Chase to provide an explanation for…

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