Tag:
rumors
Latest Headlines
Latest Headlines
Jefferies battles rumors
You have to feel for Jefferies CEO Richard Handler, who has watched and listened with chagrin as the company's stock price tumbled and as rumors mounted.
This is an uncomfortable positioned to be in, and its similar to the position Lehman Brothers and Bear Stearns found themselves in before th
What to do about web-based rumors and lies
Companies would be wise to get a grip on executive communications via the Internet. There have been too many cases where executives, with the best of intentions, get a little carried away with their web posting, and it just may become a regulatory issue. But what happens when posts on the Internet
Third Point entwined in rumor probe
When Third Point--the hedge fund operated by the well-known Daniel Loeb--registered as an investment adviser last year, the SEC undertook an audit and noted that managers often talk to managers at other hedge funds, notes the Financial Times . In a letter to shareholders, the fund says that the
Can you control for rumors in your firm?
The time-honored practice of market chatter and gossip may pose as something of a regulatory issue for a lot of Wall Street firms, on the sell-side and the buy-side. The fear is that the SEC intends to hold more companies accountable for rumors designed to tank a stock. Subpoenas have been flying.
Dimon goes off on short-sellers
One could argue that Jamie Dimon and JPMorgan Chase benefited from the implosion of Bear Stearns . They got the bank on the cheap, giving some good talent and entry into some new businesses. Nevertheless, as noted by the New York Post , Dimon waged a mini-campaign against short sellers l
The art of the rumor
Rumors can be a nasty business on Wall Street. Increasingly, they're a high stakes business. There's already been one prosecution. The SEC recently announced a settlement with Paul Berliner, a trader formerly associated with the Schottenfeld Group; he was alleged to have spread rumors that the B
Did false market rumors lead to Bear Stearns' demise?
Ah, rumors. We've noted their power on Wall Street. Now some are wondering whether those rumors about Bear Stearns  were maliciously spread by people who took a long position on the firm. Now that's some conspiracy theory. But what if it were true? The SEC is looking into it. If you bet on t
