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Financial Services Pay Reform — Blunt Force Trauma

Previously in this space, we highlighted the fact that Wall Street and Bond Street — and any other street where finance fat cats live and work — may soon face new “rules of the road” when it comes to… READ MORE ›

The End to Misleading 105s

One of the most worrisome items to emerge from the 2008 financial market wreckage was the realization that Lehman Brothers had deliberately used accounting gimmicks to hide tens of billions of dollars of leverage from… READ MORE ›

The Future of Finance Industry Ethics

This week I am in Buenos Aires, Argentina, for a couple of important reasons. First, this was the official inauguration of our new office serving Latin and South America. We enjoyed a wonderful evening with… READ MORE ›

Speakers in the News: Martin Straub

Martin Straub, founder of Envisage Wealth Management Services and speaker at this year’s annual conference, recently made headlines with his warning about service fees charged to clients who look to avoid taxes by placing their assets in insurance wrappers.

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Market Fragmentation: Even the Playing Field

Traditional exchange markets in Europe have been buffeted in recent years by regulatory changes and new advances in trading technology. Market fragmentation has been the result, in which trading concentrated on traditional exchanges has given way to a new… READ MORE ›

FCIC Blames Human Action and Inaction

The Financial Crisis Inquiry Commission released its 600-page-plus assessment of what caused the 2008 market debacle to little fanfare Thursday morning. The findings in the politically divided report range from the obvious to… READ MORE ›

Thanks to CFA Institute “CD&A Template,” Compensation Discussion and Analysis No Longer a Sleep Aid

Having trouble sleeping? Here’s a surefire cure: Crack open your average compensation discussion and analysis (CD&A) section from any U.S. company’s 2010 proxy statement, and begin trudging through the obtuse legalese that describes how that company decided to pay… READ MORE ›

Speakers in the News: Raghuram G. Rajan

Raghuram G. Rajan, annual conference speaker and professor at the University of Chicago Booth School of Business, has sparked discussion with his book, Fault Lines: How Hidden Fractures Still Threaten the World Economy.

Was increased inequality — and the political… READ MORE ›

With “Say on Pay” Imminent, Issuers Need Better Communication, Investors Better Guidance

According to a recent Towers Watson survey of 135 U.S. publicly traded companies, 51 percent expect to hold annual “say-on-pay” votes, while 39 percent prefer a vote every three years and 10 percent anticipate biennial votes.

Interestingly, nearly… READ MORE ›

A Higher Duty: SEC Concludes Study of Fiduciary Obligations

After months of anticipation, staff of the U.S. Securities and Exchange Commission (SEC) released their long-awaited study of the obligations of those who provide investment advice to retail investors, as mandated by the… READ MORE ›