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Due Diligence
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Latest Headlines
More MF Global details
We're getting more tidbits of information about exactly how the MF Global fiasco went down--none of which make the company's management look good.
It remains unclear, however, if actual fraud occurred, though we presume the SEC, the FBI and the U.S. Attorney in Manhattan will figure it all out
Official admits crime at MF Global
Are charges, either civil or criminal, now likely at MF Global? You would have to think that the chances just rose significantly as an official of the company has admitted to federal regulators, according to media reports, that executives at the company used customer funds for corporate purposes.
The regulatory message of the MF Global fiasco
So what is the best interpretation of the MF Global bankruptcy from a regulatory perspective? There's a lot on the table for discussion. One could argue that the firm's demise underscores the need for more regulation of broker dealers. After all, it has become clear that hundreds of millions of do
Regulators probe MF Global for fraud
As it so often happens, the saga of MF Global has taken a nasty turn, right into the gutter. The New York Times reports that regulators are now investigating why hundreds of millions in customer funds cannot be accounted for. The company apparently self-reported to the SEC and CFTC that concer
More hedge fund mergers on tap
The hedge fund industry has been thriving recently, putting the financial crisis behind it. We've noted, however, that current market dynamics favor large funds, which seem to be getting larger every month. This may prompt more funds to want to grow via mergers.
In 2010, 101 alternative M&
Third-party due diligence firms loom large in foreclosure mess
One big issue in the foreclosure mess is whether owners of certain RMBSs will be able to put them back to the banks that issued them, claiming that they were issued under false pretenses. The bond issuers are making this case, and their stocks have soared. Reuters has taken the lead in highlig
Just how vulnerable are banks in foreclosure crisis?
When it comes to Bank of America (NYSE: BAC ), a stark difference of opinion has emerged about the ultimate costs of the foreclosure mess. Branch Hill Capital, a hedge that is now shorting the bank, has suggested the nation's biggest consumer bank could be facing more than $70 billion in lo
Wall Street outsources legal services to India
Cost cutting is a priority these days, and the those who sell outsourced services from abroad are finding willing audiences in areas beyond IT. Financial journalist organizations, for example, have outsourced some work. Basic securities analysis work has been outsourced. And now Wall Street legal
What hedge funds are looking for in employees?
Hedge funds ( hedge fund news) fared fairly well in the Dodd-Frank financial reform bill. So what does that mean for hedge fund employees? You might think this would be a great time to be in the industry. But you would be only partly right.
There's a lot of talent up for grabs. But most of
Risk management as a soft-dollar item
The agency execution business is alive and well, as is the research-as-soft-dollars business model. Lots of trading outfits are still offering stock research as a way to generate business from the
