by Ed Blount, Founder and Director Emeritus | Nov 27, 2021 | All, Commentary, Cross-Post, Disclosure Regimes
Make no mistake. The new 10c-1 disclosure proposal by the SEC is an Investor Protection Rule on steroids. It is also a profound escalation of regulatory support for Investor Self-Protection. Nothing less than a near real-time, stock loan ticker will result if enacted,...
by Ed Blount, Founder and Director Emeritus | Oct 24, 2021 | All, Commentary, Cross-Post
We’ve all been there, having drinks after work with an important client visiting from overseas. My most memorable time was at the very beginning of my career on Wall Street. The client was a trader from the South African branch of Jos. Sebag & Co., a London firm...
by Ed Blount, Founder and Director Emeritus | Sep 24, 2021 | All, Cross-Post, Formal Regulatory Remedies
Paris, September 24, 2021 – The next shoe has fallen in reaction to the January 2021 GameStop short squeeze, by which certain online brokers interpreted clearinghouse rules to necessitate the suspension of their retail customers’ ability to buy “meme...
by Ed Blount, Founder and Director Emeritus | Aug 19, 2021 | All, Commentary, Cross-Post
Master Criminals don’t usually confess in public. If prosecutors’ charges are true, Sanjay Shah is the leading figure in the largest reported tax swindle in history. Yet, Mr. Shah, unbowed, pleading his case to reporters, has openly admitted to borrowing the public...
by Ed Blount, Founder and Director Emeritus | Aug 11, 2021 | All, Commentary, Cross-Post
The German Federal Court of Justice’s decision two weeks ago to prosecute as criminals anyone who abused dividend arbitrage trades anytime over the previous 25 years is bad news for everyone in the securities lending community. The German tax authorities’...
