Tag:
Red Flag
Latest Headlines
Latest Headlines
Executive transitions can be tricky for boards
Boards are intimately involved when it comes time to transition CEOs, the most prepared boards have detailed plans in hand. But recent activity in the banking industry suggests that boards perhaps
ETF liquidations on the rise
In 2006 and 2007 combined, just one exchange traded fund closed. But over the next three years, 160 ETFs were liquidated. More are likely to shut down in 2011. That has investors and financial advisors a bit nervous, as the market ponders whether the limits of ETF growth has finally been hit.
Tokens and encryption to save PCI-DSS?
The PCI data security standard, or PCI-DSS, is pretty much a fact of life for many firms. Since its inception, there has been loads of debate about how effective PCI-DSS really is. There's also been
A look at the Madoff technology
Bob McMahon, today a consultant for Standard & Poor's, got an up close view of one of the biggest financial disasters ever when he served as an IT executive for Bernard Madoff. Until recently, we
Fortress Investment's Dreier debacle, whose fault?
The Marc Dreier fraud played second fiddle to the Bernard Madoff fraud. But in some ways, it was just as remarkable. How a mid-tier lawyer could dupe so many for so long is a wonder. Turns out that even the Fortress Investment Group--which one would expect to be quite savvy in this area--was snagg
Madoff train of carnage picking up speed
Why is Bernard Madoff not cooperating with authorities? His long-time secretary has suggested he wants to avoid implicating others . The trustee tasked with overseeing the wreckage--and perhaps some prosecutors--seem to think that others are complicit, even the ones that complain loudly that th
Shady audit firm figures in Stanford scandal
As the Bernard Madoff news rolled on, we noted that an obscure, secretive audit firm was an obvious red flag, one that regulators, investors and others should have caught. As the Stanford Group
Madoff scandal, another red flag
Bernie Madoff's secretive investment firm "managed"--and I use the term loosely--billions of dollars. And yet its auditor was a tiny one-accountant operation in New City, New York, called Friehling & Horowitz. The AP paid a visit and noted the office is "next door to a pediatrician in a dr
