by David Schwartz J.D. CPA | Feb 19, 2012 | All, Formal Regulatory Remedies
In an address in February before the Practicing Law Institute, SEC Chairman Mary Schapiro outlined for the audience the Commission’s plans to build, from the ground up, a new regulatory regime for over-the-counter derivatives. The innovative and heretofore...
by David Schwartz J.D. CPA | Feb 13, 2012 | All, Formal Regulatory Remedies
Nasdaq has proposed new rules for the the qualification, listing, trading, and delisting of a broad list of structured notes and other related products. Although the present NASDAQ Rule 5710 includes initial listing standards for equity index-linked securities and...
by David Schwartz J.D. CPA | Feb 12, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
While the short-term challenges that threaten the system are real, and should be dealt with promptly using a variety of policies, it would be wrong to let them weaken our commitment to financial reform Dismissing calls to weaken or reconsider global financial reforms...
by David Schwartz J.D. CPA | Jan 29, 2012 | All, Formal Regulatory Remedies
In light of current conditions in the financial markets, CONSOB, the Italian banking and securities regulatory body, has extended its ban on short selling of financial sector stocks. Initially adopted on August 12, 2011 and subsequently extended until January 15,...
by David Schwartz J.D. CPA | Jan 27, 2012 | All, Formal Regulatory Remedies
Citing “recent congressional and public policy trends disfavoring broker voting of uninstructed shares,” the NYSE has severely limited broker discretionary voting of uninstructed shares with regard to corporate governance proposals. Effective January 25, 2012,...
