Out Takes

Lugo, Denise
January 2005
Investment Dealers' Digest;1/17/2005, Vol. 71 Issue 2, p5
Trade Publication
The article presents news related to the field of securities industry. The U.S. Securities and Exchange Commission has started talking to brokerage firms about a combined settlement in relation to its investigation of the $204 billion auction-rate bond market. The SEC's probe into 25 brokerages looked at whether brokers tipped favored customers to other investors' bids, or bid for their own accounts while managing the auctions. The SEC is also likely to charge the New York Stock Exchange with failing to supervise its specialist firms properly and for ignoring violations that robbed investors of millions.


Related Articles

  • AUCTION RATE REVENGE. Gleeson, Jerry // Registered Rep;Nov2011, Vol. 35 Issue 11, p31 

    The article reports on the enforcement actions by the U.S. Securities and Exchange Commission (SEC) and state regulators to brokerages to buy back auction rate securities (ARS) from their clients. According to the SEC, settlements with investors including Merril Lynch, Citigroup, and Bank of...

  • Sources: SEC Assuming Lead Role in ITS Reform. Clary, Isabelle // Securities Industry News;11/3/2003, Vol. 15 Issue 43, p1 

    Reports that the U.S. Securities and Exchange Commission has taken the lead in drafting the reform of the Intermarket Trading System (ITS) plan. Impact of the trade-through rule on listed-stock orders; Reform of the short-sale rule in stocks; Criticisms on the ITS operating committee.

  • MSRB Scraps Trade-Halt Request. Kite, Shane // Securities Industry News;9/8/2003, Vol. 15 Issue 35, p22 

    Reports that the Municipal Securities Rulemaking Board (MSRB) has withdrew its request for emergency trade halt authority, considering a request from the U.S. Securities and Exchange Commission (SEC) as of September 8, 2003. Impact of the request on the fixed-income markets in the U.S.; Details...

  • A Premium on STP, Pressure on Vendors. Kite, Shane // Securities Industry News;12/8/2003, Vol. 15 Issue 47, p1 

    Focuses on the deadline for receipt of mutual fund orders proposed by the U.S. Securities and Exchange Commission in 2003 to thwart late trading. Implication of the proposal for the adoption of an automated and straight-through-processing environment; Impact of the proposal on brokers and...

  • Much Ado About Order Flow. Farrell, Allen // Regulation;Spring2002, Vol. 25 Issue 1, p58 

    Focuses on the payment for order flow practice in which prices securities markets offer payments to brokers in exchange for brokers routing orders of investors to them. Ways to restructure a securities market represented by auction and dealers market; Inefficiencies in broker routing of...

  • Best Execution.  // Traders Magazine;Mar2004, p3 

    Points out that as the securities trading environment has become more complex and challenging, the tools and services available to facilitate the quest of best execution have become more sophisticated and multifaceted. Challenge of the Best Execution initiative; Expectations that the U.S....

  • Commission Spending Again Under Review. Bresiger, Gregory // Traders Magazine;Jan2007, Vol. 20 Issue 262, p14 

    The article reports on the review of the Securities and Exchange Commission spending in the U.S. Money managers would be required to make plain how much of its clients' assets are used as commissions to pay brokers under a bill that will be introduced again in the Congress. Brokerage charges can...

  • Some Doubt IOI Rules Will Yield More Quoting. Champan, Peter; Mehta, Nina // Traders Magazine;Jan2010, Vol. 23 Issue 304, p18 

    The article presents the views of securities experts regarding the Regulation of Non-Public Trading Interest proposal of the U.S. Securities and Exchange Commission (SEC) to limit stockbrokers' off-board trading. The trading executives commented that any rule changes will not encourage the...

  • Amid Regulations, People Remain the Focus of BCP. Kite, Shane // Securities Industry News;10/6/2003, Vol. 15 Issue 39, p20 

    Discusses issues in the securities market. Proposal of the U.S. Securities and Exchange Commission that trading operations of exchanges, electronics communications networks and broker-dealers ensure recovery within one business day; Concern of business continuity experts on employee safety than...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics