Skip to content

Monthly Archives: December 2007

Give some hope…

Friday, December 21, 2007

  Giving to Heifer this year… happy holidays!

Filed in Uncategorized | Comments (0)

More disclosure… c/o of the 10K

Tuesday, December 18, 2007

  This is the kind of effort at the SEC that we really applaud… from InvestmentNews.com …
“The Securities and Exchange Commission has begun asking certain public companies (primarily investment banks) that have sponsored structured investment vehicles (SIVs), conduits and collateralized debt obligations to provide more detailed disclosure about such risky investments in their upcoming annual reports.

Filed in Regulatory | Comments (0)

Plain english for mutual fund disclosure

Friday, December 7, 2007

 On November 21, 2007, the Securities and Exchange Commission (“SEC”) published a proposing release intended to improve mutual fund disclosure. The proposal, if adopted, would require certain key information to appear in plain English in a standardized order at the front of the mutual fund statutory prospectus. The proposal would also permit a person to […]

Filed in Regulatory, Retail investors | Comments (0)

Can’t pay the teachers…

Thursday, December 6, 2007

  From the WSJ.com…
…”Thirteen years ago today, Orange County, Calif., sent tremors through financial markets when it filed for bankruptcy. Today, that same county — and states and counties nationwide with troubled investment funds — face new worries. This time, they stem from the subprime crisis.
In Florida, the state-run Local Government Investment Pool is poised […]

Filed in Regulatory | Comments (1)

Cuomo takes aim…

Tuesday, December 4, 2007

  From the WSJ.com…
…”New York state prosecutors have sent subpoenas to several Wall Street firms seeking information related to the packaging and selling of debt tied to high-risk mortgages, people familiar with the matter say, the latest legal woe to hit the stressed industry.
The subpoenas, sent by the office of New York state’s attorney general, […]

Filed in Regulatory, Rating agencies | Comments (0)

Banks at the Commons…

Tuesday, December 4, 2007

 The UK House of Commons held an hearing yesterday to inquire how investment banks had participated in or caused the credit crisis…
Bankers essentially blamed investor’s “reach for yield” for the development of opaque products…
Rating agencies came off poorly… Gerald Corrigan of Goldman Sachs cited the Credit Rating Agency Reform Act of 2006 as a help but […]

Filed in Regulatory, Rating agencies | Comments (0)