Good governance is a watchword of today’s financial services industry. But are the new regulations and requirements enough to restore trust? The public’s trust in the industry “languishes at about the 24 percent level, with many expressing continued concerns regarding both excessive compensation and a lack of integrity among top corporate managers,” SEC Commissioner Luis… Read More >>
Readers Pick FATCA as Top Story for 2013
Three of the top news stories for 2013 among FTF News readers dealt with the Foreign Account Tax Compliance Act (FATCA). The adoption of the Volcker Rule by regulators was the second most popular story while the FIX protocol’s advances into post-trade processing also attracted lots of attention. SAC Capital’s admission of guilt also garnered… Read More >>
SAC Capital Admits Guilt, Faces $1.8B Fine
The SAC Management Companies, based in Stamford, Conn., will plead guilty on all counts of the criminal indictment for securities fraud and wire fraud that were part of a large-scale insider trading scheme, according to government officials who made the announcement on Monday, Nov. 3. The affiliated hedge fund companies were founded by adviser Steven… Read More >>
