Roger Parloff makes the story clearer and more understandable than I’ve seen it anywhere else. [Fortune cover story]
Posts Tagged ‘Securities and Exchange Commission’
Banking and finance roundup
- Employer mandate not the only impractical reg being postponed: “IRS Delays Implementation of FATCA” [Paul Caron; earlier]
- Foreign banks whipsawed betwen U.S. terrorism-finance liability and privacy laws in home countries [Daniel Fisher]
- “NY Fed Official: Let’s ‘Facilitate’ The Seizure Of Underwater Loans” [Kevin Funnell]
- “If anything, the data suggest [home] ownership … inversely correlated with political stability and rule of law.” [Michael Greve]
- Revisiting the Randy and Karen Sowers structuring case [Kathleen Hunker, Bell Towers; earlier]
- “Can we improve payday lending?” [Andrew Sullivan]
- When if ever should the SEC pay bounties to attorneys to snitch on their clients? [Prof. Bainbridge]
Regulating across national lines
New SEC chairman Mary Jo White shows better sense about it than some newspaper editorialists that could be named [Louise Bennetts, Cato]
Banking and finance roundup
- “The Dodd-Frank Say-on-Pay Cases Are on the Brink of Death” [Kevin LaCroix]
- Kevin Funnell of Bank Lawyers Blog interviewed [Crystal Gimesh via BLB]
- How taxpayer lending props up business model of banks, fast-food franchisors [Dayton Daily News on SBA via Tad DeHaven]
- Independent currency = money laundering? “How Bitcoin Dies” [Econ Policy Journal] Or death by trial lawyer? [Coyote, Andrew Sullivan]
- Nose of the camel: Obama budget plans to limit IRAs to $3 million [Politico]
- How Swiss bank secrecy protected freedom [Daniel Fisher]
- Sure, what could go wrong? Obama push for more mortgage lending to borrowers with weaker credit [Gideon Kanner, Coyote] More: Arnold Kling testifies before Congress on housing finance, and feels a resulting “need to scream” [ASKBlog, more]
- More: Per NYT’s expert, “Shareholders have been demanding” disclosure on corporate political spending. Well, 18% of shareholders anyway [Jim Copland]
Banking and finance roundup
- After bank trespass, Occupy Philadelphia benefits from jury nullification and a cordial judge [Kevin Funnell]
- Cato commentaries on Cyprus crisis [Steve Hanke and more, Dan Mitchell, Richard Rahn podcast]
- “NY Court Reinstates Foreclosure, Chides Judge For `Robosigning’ Sanctions” [Daniel Fisher] “Impeding Foreclosure Hurts Homeowners As Well As Lenders” [Funnell]
- SEC charging Illinois with pension misrepresentation? Call it a stunt [Prof. Bainbridge]
- “Plaintiff Lawyers Seek Their Cut On Virtually All Big Mergers, Study Shows” [Fisher] As mergers draw suits, D&O underwriting scrutiny escalates [Funnell] “Courts beginning to reject M&A strike suits” [Ted Frank]
- Will Dodd-Frank conflict minerals rules actually help folks in places like Congo? [Marcia Narine, Regent U. L. Rev. via Bainbridge, earlier here]
- “Securities Lawyers Gave To Detroit Mayor’s Slush Fund”; city served as plaintiff for Bernstein Litowitz [Fisher]
Gabelli v. SEC: statute of limitations on alleged undiscovered fraud
Yesterday by a 9-0 vote the Supreme Court agreed with a Cato amicus brief that the Securities and Exchange Commission has no power to seek fines or penalties after the statute of limitations has expired on challenged conduct by arguing that it did not discover the conduct until recently. I’ve got a discussion at Cato at Liberty. (& SCOTUSBlog, which also hosts this opinion analysis by Jonathan Macey)
SEC chief complains her agency is not “self-funding”
And Michael Greve is seen biting the steering wheel in response [Liberty and Law]
November 26 roundup
- Car dealers sue Tesla for selling direct to customers [NPR via @petewarden]
- Had the measure been “fatalities per 100,000 miles driven above urban speeds” this story might have been a good bit less “amazing” [Fair Warning]
- No GOPers want to take away anyone’s contraception? Maybe Sen.-elect Cruz means no elected GOP officials [my new Secular Right post]
- Trial lawyers, FDA, New York Times continue hot on trail of caffeinated energy drinks [Jacob Sullum, Abnormal Use, earlier]
- Lawsuit aims to strike down SEC’s resource extraction disclosure rules [Prof. Bainbridge]
- Quebec language muscle: “After series of fire-bombings, Second Cup coffee shops added the words ‘les cafes’ to signs” [Canadian Press]
- The CPSIA effect, cont’d: more makers of kids’ apparel drop out rather than cope with CPSC rules [Nancy Nord] More: Katherine Mangu-Ward, Reason.
October 15 roundup
- That’s represent, not resemble: “Lawyer appointed to represent pit bull” [WSJ, NY Times] NJ lawmakers eye idea of doggie seat belts, cont’d [Bloomberg, earlier here, here]
- “Government to Argue That Detention for Carrying Arabic Flashcards Was Justified” [Lowering the Bar]
- Columnist-suing attorney continues to reap lots of lawyer love in her race for Illinois judgeship [Madison County Record]
- Speaking of which, what is it about Madison County, Illinois, anyway? [Radley Balko, more]
- Sense of humor: I wasn’t expecting Values Bus to retweet this of mine;
- Why the SEC keeps losing in court [Eugene Scalia, WSJ; Ed Whelan, NR “Bench Memos,” on Steven Pearlstein’s dyspeptic Washington Post rant about purported activism by D.C. Circuit judges]
- Unintended consequences: “Olive Garden, Others to Cut Worker Hours in Advance of Obamacare” [Washington Free Beacon]
March 20 roundup
- “Lawyer Who Spotted Broker Fraud Rewarded With SEC Ordeal” [Business Week via Bader]
- Reactions to the feds’ antitrust case against e-book publishers and Apple [Yglesias, Wright, Stoll, more]
- NYT retrospectively backs Nixon efforts to deny tax exemption to lefty groups, or maybe ire at tea party adversaries just makes the paper less than consistent [Caron, background, more]
- House Judiciary testimony on the evils of consent decrees binding the government to pursue regulation in certain ways [Andrew Grossman]
- “Law Firm Claims It Had No Control Over $464 Mln Fee Request” [WSJ Law Blog]
- “California’s ethnic identity police” [Mickey Kaus]
- Role, economic incentives of special masters in litigation overdue for reformist attention [Ted/PoL]