Sifma : News on the capital markets, securities and financial industry
27/12/2011 SIFMA- Other News
GE to settle investigation
into rigging bids on muni bonds
Bloomberg (12/23)
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SEC takes close look at hedge fund
performance
The Securities and Exchange Commission is looking
into dozens of hedge funds whose performance seems too good to be
true. "There is serious fraud in this space, and we have been
attacking it," said Bruce Karpati, co-chief of the SEC's
asset-management enforcement unit. The Wall Street
Journal(12/27)
SEC sides with Lehman in dispute with
Barclays
Lehman Brothers Holdings won support from the
Securities and Exchange Commission in its asset dispute with
Barclays. The agency said Lehman doesn't have enough money
to repay customers, and that Barclays has a conditional claim on
money held in reserve. "The commission wishes to ensure that assets
held in the special reserve bank account for the exclusive benefit
of customers, as well as other assets required to be held for the
benefit of customers, are properly administered in the event a
broker-dealer is liquidated," the SEC said. Bloomberg(12/26)
Analysis: Economists question central
banks' liquidity move
The European Central Bank, the Federal Reserve and
several other central banks coordinated aid to European financial
institutions this month. Some classical economists, however,
question the effort. Barron's (subscription required)(12/24)
- Other News
Opinion: Quality of new rules
appear to be at all-time lows
The Wall Street Journal (12/27)
Commentary: Fed's move might
protect U.S. from crisis
The New York Times (tiered subscription model)
(12/24)
Fed's Operation Twist seems
to have helped investors
The Wall Street Journal (12/27)