Kurt Schacht, JD, CFA, is managing director of the Standards and Financial Market Integrity division at CFA Institute, where he oversees all advocacy efforts and the development, maintenance, and promotion of the highest ethical standards of practice for the global investment management industry.
Get out your pom poms — a cheer for the U.S. Securities and Exchange Commission (SEC) is in order. The agency has had multiple detractors in response to some recent goofs (Madoff, Stanford… READ MORE ›
Beginning back in the 1980s, Dana Carvey played a character named Enid Strict, otherwise known as “The Church Lady,” on the comedy show “Saturday Night Live.” Enid is best remembered for her signature line, “Isn’t that special?” It is… READ MORE ›
We are in the midst of one of the most acrimonious debates over accounting rules in decades. What is at stake is whether banks will have to value their loan portfolios and report the results… READ MORE ›
Did you catch the reports on U.S. SEC settlements with former Countrywide chief Angelo Mozilo? It was the single biggest regulatory recovery from an individual ever, according to reports. A close examination of these reports reveals two things…. READ MORE ›
First Trust has bought to NYSE Arca an exchange-traded fund that buys small and midcap stocks with low volatility. The First Trust Horizon Managed Volatility Small/Mid ETF is actively managed. ETF Trends (07 Apr.)
The Bank of England says it is open to letting private firms play a role in developing a central bank digital currency. The BoE has ruled out using bitcoin and other cryptocurrencies, but BoE analyst Ben Dyson says "that doesn't mean that it's impossible for somebody to improve upon that technology and create something that much better fulfills the qualities of money." CoinDesk (UK) (07 Apr.)
Some Wall Street traders have expressed concern about conflicting messages from managers on whether they must go to the office or follow work from home advice. Banks have rejected claims that they push traders to come in or that they put people at risk. BNN Bloomberg (Canada) (07 Apr.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.