The SEC is making headlines yet again. Last week they were in the news for the careless manner in which they handled the Madoff investigations, and they are back again this week getting sued by the 2 largest business lobbying firms in the country. us chamber of commerceThe U.S. Chamber of Commerce and the Business
Wall Street
Join the Letters of Wall Street Challenge
Join the FTF Letters of Wall Street challenge! Because Wall Street is not often WYSIWYG, I thought it would be fun (and challenging) to come up with a list of Wall Street’s most frequently used acronyms. I was able to think of 44 without TME, but I’m looking for a challenger to come up with
Financial Crime
Is the SEC to Blame?
Recently, The Litwin Foundation filed a suit against the SEC for carelessness and their inability to expose Bernie Madoff and his $65 billion Ponzi scheme. The Foundation is looking to recover at least $19 million in damages against the SEC. Currently, government agencies are protected by “sovereign immunity”, but should they be? Did the SEC
Guest Blog
Women on Wall Street
Guest Contributer: Marianne Brown, CEO, Omgeo There have been several articles recently that have detailed the “exodus” of women from Wall Street. These articles stem from a statistic reported by the Bureau of Labor that “in the past 10 years, 141,000 women, 2.6% of female workers in finance, disappeared from the industry, while the ranks
Compliance
Is the Dow Dead?
I heard somewhere that speculation can be one of the greatest triggers of fear and panic. We have certainly seen how speculation (good or bad) can affect our markets, and in turn how it can affect the Dow Industrial Average, and so on. Speculation can easily set off a sort of domino effect, taking down
Wall Street
Women on Wall Street – An Interview with Nicki Gilmour of The Glasshammer
As Financial Technologies Forum is a women owned and operated business to the Wall Street community, I thought it would be enlightening to interview Nicki Gilmour, Publisher and Editor-in-Chief of The Glasshammer, an online community to women executives in finance, law, technology and big business, to find out firsthand what women are saying about what it’s like to work
Financial Crime
Wall Street Villains
For the most part, traders respect the financial system and stay within the boundaries set by regulations in order to earn a profit. However, not every trader likes to follow the rules, especially when the rules stand in the way of making millions or billions of dollars. So, we here at FTF thought it might
Conference and Event Planning
Thoughts from a Conference Professional – The Final Session
For years we have asked ourselves “Why do attendees leave the conference before the final session?” We have tried everything from saving key sessions until the end of the day, to having half-day events rather than full-day events. We have even invited everyone to join us for cocktails at the close of the event, thus
Back-Office
What Does Separately Managed Account (SMA) Mean to You?
Guest Contributor: Philip Lawton, Stone House Consulting LLC What does the phrase separately managed account (SMA) mean to you? If you work for an investment management firm with institutional clients, you probably think of their individual, stand-alone portfolios. However, if your firm (or your part of the firm) offers wrap-fee products, you’re more likely to
Compliance
Banks Get Nine Years to Life
The Basel Committee on Bank Supervision recently released the new Basel III requirements. That’s right. Basel II worked so well that banks had enough capital on hand to withstand the recent financial crisis without significant bailout (cough, cough), so why not continue on with that idea? Just increase requirements, give banks a bunch of time
