by David Schwartz J.D. CPA | Apr 27, 2022 | All, Change Overview and Rationale, Cross-Post
The Securities and Exchange Commission (SEC) filed a civil lawsuit against Archegos Capital Management, its founder, and several other individuals in April 2022. The SEC alleges that Archegos engaged in a fraudulent scheme to manipulate the market for the securities...
by David Schwartz J.D. CPA | Nov 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
Modern financial markets are a finely woven tapestry of market makers, investment products and vehicles, and investors with diverse expectations and risk appetites. Holding the whole thing together is a structure of rules and regulations. Altering this intricate...
by David Schwartz J.D. CPA | Oct 18, 2016 | All, Change Overview and Rationale
On October 14, 2016, London’s High Court of Justice handed down a ruling in favor of the UK subsidiary of Goldman Sachs, ending a three-year challenge by the US$60 billion Libyan Investment Authority (LIA). The decision comes after a judge rejected claims by the...
by David Schwartz J.D. CPA | Jul 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On March 6, 2016, the Basel Committee on Banking Supervision (BIS) published a consultation paper proposing to amend or “calibrate” the Basel III non-risk-based leverage ratio. Banks have been lobbying the Committee quite aggressively to make changes to the way...
by David Schwartz J.D. CPA | Jun 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
As a companion to the SEC’s recent proposed rules on the use of derivatives by registered investment companies, the SEC’s Office of Risk Analysis has published a white paper studying just how funds use derivatives. Based on data from Forms N-CSR and N-SAR supplemented...
