<a href='Headlines for: May 25, 2011
Watchdog Says U.S. SEC Could Owe Millions over Lease 05/24/2011 6:32:58 PM ET WASHINGTON (Reuters)裕he U.S. Securities and Exchange Commission could be on the hook for roughly $94 million after it backed out of a deal to lease roughly 900,000 square feet of office space in Washington, D.
Goffer Trial: Trader Threw Phone Away to Hide Evidence 05/24/2011 6:24:16 PM ET NEW YORK (Reuters)輸 stock trader testified at the insider trading trial of three former associates on Tuesday [May 24] that he threw away his mobile phone after learning of the arrest of hedge fund manager Raj Rajaratnam in October 2009. David Plate was the third government witness who pleaded guilty in the sweeping case to testify against former Galleon Group trader Zvi Goffer, his brother Emanuel Goffer and Michael Kimelman at their Manhattan federal court trial.
Watchdog: SEC Wasted $1 Million on Data Storage 05/24/2011 3:27:38 PM ET WASHINGTON (Reuters)裕he U.S. Securities and Exchange Commission wasted $1 million on virtual data storage it bought in 2008, the agency's internal watchdog said, part of a series of investigations into the agency's procurement practices.
Grassley Asks SEC for Data in His SAC Trading Probe 05/24/2011 3:14:12 PM ET NEW YORK (Reuters)輸 top U.S. lawmaker is asking the Securities and Exchange Commission to explain how the country's top financial regulator handled its oversight of hedge fund industry heavyweight SAC Capital Advisors.
E.U.'s Barnier Eyes Commodity Speculation Controls 05/24/2011 3:32:22 PM ET BRUSSELS, Belgium (Reuters)裕he European Union's executive will propose powers to cap trading by big investors to control speculation on commodities, the bloc's official in charge of financial reform said on Tuesday [May 24]. Speaking in the European Parliament, Michel Barnier said he wanted new rules to tackle speculation in derivatives, which has been blamed for the spiraling cost of grain and other commodities.
E.U. Lawmakers Back Derivatives Crackdown 05/24/2011 2:58:53 PM ET LONDON (Reuters)輸 European Union lawmakers' committee has voted overwhelmingly in favor of a draft law to standardize derivatives so they can be moved through central clearing houses to reduce risk and improve transparency. Derivatives trading, much of it transacted between banks, is used to guard against damaging moves in interest rates, inflation or commodity prices, but their open-ended and opaque nature made it hard to assess exposures in the $600 trillion sector when U.
Asia-Pacific Prime Broking Market More Evenly Matched: Survey 05/24/2011 12:40:56 PM ET BEIJING (Reuters)裕he fiercely competitive Asian prime broking industry is becoming more evenly matched, with Morgan Stanley closing the gap with top player Goldman Sachs Group Inc. in the last year and Credit Suisse Group AG , Deutsche Bank AG and UBS AG increasing their market share, a survey shows.
CQS Stays Positive on Commodities: Hintze 05/24/2011 12:28:30 PM ET LONDON (Reuters)裕he recent sell-off in commodities was only a short-term reversal for the market and prices are set to move higher, driven by inflation and Chinese demand, said Michael Hintze, chief executive of hedge fund firm CQS. "I believe it is (only a temporary setback)," Mr.'>Headlines for: May 25, 2011
Watchdog Says U.S. SEC Could Owe Millions over Lease 05/24/2011 6:32:58 PM ET WASHINGTON (Reuters)裕he U.S. Securities and Exchange Commission could be on the hook for roughly $94 million after it backed out of a deal to lease roughly 900,000 square feet of office space in Washington, D.
Goffer Trial: Trader Threw Phone Away to Hide Evidence 05/24/2011 6:24:16 PM ET NEW YORK (Reuters)輸 stock trader testified at the insider trading trial of three former associates on Tuesday [May 24] that he threw away his mobile phone after learning of the arrest of hedge fund manager Raj Rajaratnam in October 2009. David Plate was the third government witness who pleaded guilty in the sweeping case to testify against former Galleon Group trader Zvi Goffer, his brother Emanuel Goffer and Michael Kimelman at their Manhattan federal court trial.
Watchdog: SEC Wasted $1 Million on Data Storage 05/24/2011 3:27:38 PM ET WASHINGTON (Reuters)裕he U.S. Securities and Exchange Commission wasted $1 million on virtual data storage it bought in 2008, the agency's internal watchdog said, part of a series of investigations into the agency's procurement practices.
Grassley Asks SEC for Data in His SAC Trading Probe 05/24/2011 3:14:12 PM ET NEW YORK (Reuters)輸 top U.S. lawmaker is asking the Securities and Exchange Commission to explain how the country's top financial regulator handled its oversight of hedge fund industry heavyweight SAC Capital Advisors.
E.U.'s Barnier Eyes Commodity Speculation Controls 05/24/2011 3:32:22 PM ET BRUSSELS, Belgium (Reuters)裕he European Union's executive will propose powers to cap trading by big investors to control speculation on commodities, the bloc's official in charge of financial reform said on Tuesday [May 24]. Speaking in the European Parliament, Michel Barnier said he wanted new rules to tackle speculation in derivatives, which has been blamed for the spiraling cost of grain and other commodities.
E.U. Lawmakers Back Derivatives Crackdown 05/24/2011 2:58:53 PM ET LONDON (Reuters)輸 European Union lawmakers' committee has voted overwhelmingly in favor of a draft law to standardize derivatives so they can be moved through central clearing houses to reduce risk and improve transparency. Derivatives trading, much of it transacted between banks, is used to guard against damaging moves in interest rates, inflation or commodity prices, but their open-ended and opaque nature made it hard to assess exposures in the $600 trillion sector when U.
Asia-Pacific Prime Broking Market More Evenly Matched: Survey 05/24/2011 12:40:56 PM ET BEIJING (Reuters)裕he fiercely competitive Asian prime broking industry is becoming more evenly matched, with Morgan Stanley closing the gap with top player Goldman Sachs Group Inc. in the last year and Credit Suisse Group AG , Deutsche Bank AG and UBS AG increasing their market share, a survey shows.
CQS Stays Positive on Commodities: Hintze 05/24/2011 12:28:30 PM ET LONDON (Reuters)裕he recent sell-off in commodities was only a short-term reversal for the market and prices are set to move higher, driven by inflation and Chinese demand, said Michael Hintze, chief executive of hedge fund firm CQS. "I believe it is (only a temporary setback)," Mr.</a>
