The Senate Permanent Subcommittee on Investigations issued a scathing bi-partisan report last night. Fifty of the 300 pages of the report were devoted to a section entitled “misinforming investors, regulators and the public” in which Dimon was front and center. [...] But the report, citing Rules 10b-5 and Section 17(a) of the Securities Act of [...]
Tag Archives | SEC
News Desk: Former Prosecutor Mary Jo White to be Nominated to Lead SEC
President Barack Obama will nominate Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform. [Associated Press] THIS NOMINATION puts former U.S. attorney in Manhattan, the first woman to hold the [...]
College Sports Roundup: The BCS is Still Screwed Up!
TM NOTE: The following post is authored by my big brother, Larry Marshall, who is an “incurable college sports fan.” He’s visiting and we spent Saturday glued to college football until the remote cried for mercy at around midnight. The fun we had also inspires a huge shout out to Gary Danielson of CBS for [...]
Facebook IPO Fiasco: Where the 1% Wall Street Elite Screw Everybody Yet Again
“There is no debating this is a misadventure of epic proportion.” – Max Wolff, an economist and senior analyst with Greencrest Capital. Earlier, we reported that the analysts at Facebook’s IPO underwriters had cut their estimates for the company in the middle of the IPO roadshow, a highly unusual and negative event. What we didn’t [...]
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