Daily Archives: May 26, 2016, 1:48 pm

Brazil’s Petrobras Trial Date Set, As U.S. Pension Funds Seek ‘Tens of Billions’ In Losses – Forbes

Brazil’s oil company Petrobras will finally get its day in a U.S. court on Sept. 19 in a trial that pits 18 former executives and 13 investment banks, including J.P. Morgan Securities, against U.S. and U.K. investors. Claimants are seeking “tens of billions of dollars” in losses. via Brazil’s Petrobras Trial Date Set, As U.S. Pension Funds Seek ‘Tens of…

Read More

Congress to SEC: You’ll get nothing and like it | Compliance Week

The SEC, like Spalding Smails in this classic scene from Caddyshack, understandably wants some things. Not “a hamburger, a cheeseburger, a hotdog” but, rather, enhanced technology, more examiners, additional experts on staff, and so on. But lately, without fail, Congress invokes its inner Judge Smails to tell the SEC the same thing each year: “You’ll get nothing and like it!”…

Read More

The Don’t Ask, Don’t Tell Guide to Trading on Inside Information – Bloomberg

So why wasn’t Mickelson charged? The answer is that certain kinds of behavior previously understood to be insider trading are now effectively legal—or at least not prosecutable. More than 20 years after the imprisonment of Ivan Boesky, the infamous arbitrageur, it’s become vastly harder to convict someone for insider trading—the result of several years of legal challenges that handed Wall…

Read More