Source: New York Post
Biding their time
Dick Bove’s firm is still hustling for a lifeline. Sixteen days after a rogue trader rocked Stamford, Conn.-based Rochdale Securities, the broker-dealer, still hasn’t reached a deal with a deep-pocketed investor, ...
Nov 8 2012, 11:46pm CST
Full article at: New York Post
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Lewis: SEC targets "cherry-picking" daddy
Source: Denver Post
Charles J. Dushek, a financial advisor from Lisle, Ill., bagged a 25,000 percent return in his individual retirement account in from 2008 to 2011. Never mind, the housing crisis, the financial crisis, the rece ...
Full article at: Denver Post
More like this 13 hours ago, 12:26pm CDT
SAC Executives Subpoenaed
Source: Wall Street Journal
By Jenny Strasburg and Michael Rothfeld Three senior executives at SAC Capital Advisors LP, including the firm's president and chief compliance officer, received subpoenas as part of the government's insider-trading investigation, according to people ...
Full article at: Wall Street Journal
More like this 14 hours ago, 12:12pm CDT
The Power of Leverage
Source: Minyanville
In the financial markets, successful speculation boils down to a few factors that, although not easy to attain, are quite simple. Those factors are low risk, high probability, and a reasonable degree of leverage. The fact is, most people that first engag ...
Full article at: Minyanville
More like this 1 day ago, 1:59pm CDT
Wall Street firm’s “Golden Pitchbook” is totally sexist, full of lies
Source: Salon
An internal document, known as the “Golden Pitchbook” to senior brokers at John Thomas Financial, has been leaked and it is very, very sexist. The document, given to top young brokers at the financial firm, is a script on how to pitch stock ...
Full article at: Salon
More like this 1 day ago, 11:29am CDT
Land of the Lost
Source: The Reformed Broker
"If a prospect told a JTF broker flat out that he was not interested, the broker would use a technique called “the slap and hug” to essentially belittle the prospect before building him back up through kindness or feigned ...
Full article at: The Reformed Broker
More like this 1 day ago, 7:07am CDT
Manipulation probe draws attention to oil firms' trading desks
Source: Reuters
* Disclosure levels at oil majors lags those of secretive traders * Pressure for stricter oversight rises both in US, EU LONDON, May 22 (Reuters) - Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil ...
Full article at: Reuters
More like this 1 day ago, 2:26am CDT
Algorithms for the Masses
Source: Hacker News
Algorithmic trading is frequently portrayed as an evil tool that is used against the retail investor by quantitative analysts, also known as "quants," who use supercomputers to derive an edge in trading. ...
Full article at: Hacker News
More like this 2 days ago, 2:55pm CDT
Lines harden between U.S. regulators, hedge fund SAC Capital Advisors
Source: Globe and Mail
The battle lines in the investigation of a billionaire hedge fund manager are growing starker by the day. SAC Capital Advisors LP , the hedge fund firm run by Steven Cohen, has told its investors that it is no longer fully co-operating with U.S. ...
Full article at: Globe and Mail
More like this 3 days ago, 6:14pm CDT
SAC Capital May Not Be Close To Settlement After All
Source: Value Walk
SAC Capital has been in hot water over insider trading allegations, and the firm is said to be in settlement talks with the Department of Justice. However, CNBC’s Kate Kelly now reports that the talks appear to have broken down. The firm had agreed t ...
Full article at: Value Walk
More like this 3 days ago, 4:06pm CDT
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