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issuers
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Latest Headlines
Study: Credit rating agencies reward companies that pay most
You can add this to the list of credit rating company woes: A new study has found that these companies reward clients that pay the most money in fees with more favorable ratings.
The idea that companies can pay for more favorable ratings is not anything the rating companies will ever admit to.
SEC blasts Wells Fargo for vague language
Footnoted.org notes the SEC's recent reprimand of Wells Fargo for vague language in a recent financial filing. Some statements were so vague that they were next to meaningless, according to the agency. Here are some examples:
"Our financial results and condition may be adversely affected b
New study casts doubt on Moody's methodology
The debacle over the decision by Standard & Poor's to downgrade U.S. Treasury debt to AA+ from AAA will likely come back to haunt it. It will likely come to haunt other debt rating companies as well.
Case in point: Fortune magazine notes a recent study by academics at Indiana Universit
Chinese reverse merger ligitation mounts
We've noted that U.S. financial regulators--including the SEC and the PCAOB--are looking into more cases of dubious reverse mergers. At issue is whether a mix of investment bankers, shady brokers and auditors have allowed unqualified companies to make it to a major stock exchange via these mergers
Firm shops ETF analysis concept
Exchange traded funds, whether you love them or hate them, are here to stay. And they will increasingly serve as important benchmarks for individual issues. Single stocks really only make sense in relation to a broader basket of issuers.
So it's not surprising that we should see more analytica
PCAOB presses case for narrative in financial statements
Last month, the PCAOB, which is setting an aggressive tone under new chairman James Doty, set forth some proposed changes to the form of audited financial statements. Comments aren't due until the end of September, but people are already voicing some opinions. The idea is to ask auditors to provid
What to make of the secondary market for stocks
"The whole concept of secondary trading is not new, it just used to happen in back alleys. If it's done in an organized way, it's better." That's what Barry Silbert, CEO and head of SecondMarket, said at a recent conference. And that's hard to argue with.
The fact is that secondary transaction
Domestic IPOs fare well amid concerns in Europe
Not too long ago, lots of executives were concerned that the United States--New York City in particular--was losing its stature as the world's financial capital. Some of that concern stemmed from the then-lackluster IPO market at home, while the IPO market in London seemed to be faring better. Tha
XBRL to tame corporate actions
People have long considered corporate actions an area in which XBRL could make a huge difference. A perennial bane of brokerages and custodians, corporate actions to this day are often processed by
SEC offers new potential path to IFRS
The SEC has said it would like to make a decision on IFRS this year. Most people assume that it will embrace the international standard, but the questions are when and how. The "how" aspects have
