Yale Law Professor Jonathan Macey’s tired lament in the Wall Street Journal about his perceived shortcomings of U.S. financial regulation is, well, tiresome.If you will recall, this was the mantra du jour… READ MORE ›
I had the privilege on Thursday of being in the audience in Toronto at the Canadian Club’s luncheon speaker presentation, in which Margaret Franklin, CFA, chair of the CFA Institute Board of Governors, gave a candid assessment of investor… READ MORE ›
As I wrap up meetings with CFA Institute members here in India, many of my conversations have centered around investor trust and confidence in capital markets. This is especially apt given the local headlines about the fraud… READ MORE ›
News of New York State Attorney General Andrew Cuomo’s decision to file a civil lawsuit against Ernst and Young LLP for its role as auditor to Lehman Brothers is just the latest crack to develop in the… READ MORE ›
It was during the implosion of Enron and hundreds of dot-com and telecom bubble companies a decade ago that accountancy became the “in” profession on the dinner-party circuit. Formerly staid CPAs regaled guests, young and old alike, with their… READ MORE ›
When the near-collapse of the global financial system in 2008 led to widespread calls for regulatory reform, much of the outcry was over derivatives—a major culprit in the worst financial crisis since the Great Depression…. READ MORE ›
The initial hysteria over the “vast” insider-trading scandal has waned somewhat in recent days. Early indications pointed to an assault on the so-called “mosaic theory” and other types of primary research tools. A particular target… READ MORE ›
A rumor is circulating that the longstanding practice of searching for and gathering individual pieces of nonpublic data to create a fuller research picture of a particular investment opportunity is somehow, well, inappropriate or far… READ MORE ›
We survey members a lot at CFA Institute because the responses are generally well considered and focused on the ethical high road. We expected nothing different last month when we asked U.S. members in asset… READ MORE ›
The now highly-visible insider trading probe on Wall Street is shining a harsh spotlight on “expert networks.” Relatively new to the investment research landscape, these networks offer access to experts across various industry sectors — medicine, biotech, technology, and… READ MORE ›
We sometimes hear criticisms of our position on fair value accounting that suggest we’re taking an academic view of things with dubious relevance to economic reality. Interesting, then, to read Jack Cieselski’s analysis… READ MORE ›
They are at it once again — banks and other financial firms trying to punch as many holes as possible in the new Dodd-Frank rules relating to oversight of the derivatives market.
Over-the-counter (OTC) derivatives, or… READ MORE ›
Even the Canadians now have joined in on the bashing of the world’s best known proxy consultant — ISS — in response to the proxy adviser panning a recent merger proposal of two gold companies… READ MORE ›
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