Hong Kong's Securities And Futures Commission Bans Chow Chi Keung For Life
The Securities and Futures Commission (SFC) has banned Mr Chow Chi Keung, a former licensed representative of Wocom Securities Limited (Wocom), from re-entering the industry for life for...
View ArticleCBOE Releases Study On Russell 2000 Options-Based Benchmark Indexes
The Chicago Board Options Exchange® (CBOE®) today announced the release of a new study that examines six benchmark indexes that invest in Russell 2000® Index (RUT) options and compares their...
View ArticleCFTCâs Energy And Environmental Markets Advisory Committee To Meet On...
The U.S. Commodity Futures Trading Commission (Commission) announces that the Energy and Environmental Markets Advisory Committee (EEMAC) will hold a public meeting at the Commission’s Washington, D.C....
View ArticleMandatory Notification Of Trades - Oslo Børs VPS Holding ASA
Oslo Børs VPS Holding has today bought 10,001 of its own shares at NOK 84.50. Oslo Børs VPS Holding has simultaneously sold 10,001 of its own shares at NOK 84.50 to employees in the group. New holding...
View ArticleFINRA Bars Two Brokers For Fraudulent Sales Of A Hedge Fund
The Financial Industry Regulatory Authority (FINRA) announced today that it has barred two Buffalo-based brokers – Timothy S. Dembski and Walter F. Grenda – from the securities industry for fraud in...
View ArticleUS Justice Department: Morgan Stanley Agrees To Pay $2.6 Billion Penalty In...
The Justice Department today announced that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related to Morgan Stanley’s marketing, sale and issuance of residential mortgage-backed...
View ArticleFederal Reserve Board Issues Repeal Of Regulation AA And Requests Comment On...
The Federal Reserve Board on Thursday announced the repeal of one regulation and a proposal to repeal a second in order to comply with statutory provisions that transferred certain consumer protection...
View ArticleTSX Notice Of Housekeeping Rule Amendments
Toronto Stock Exchange ("TSX") has amended Appendix D - Toronto Stock Exchange Evidence of Security Ownership of the TSX Company Manual. These amendments remove the additional requirements for...
View ArticleFormer Rabobank Traders Convictions Upheld By U.S. District Court Judge Jed...
Anthony Allen and Anthony Conti, two former Rabobank traders, have lost a bid to overturn their convictions arising from an global investigation into Libor manipulation.
View ArticleSEC: California Man Sold Investors Phony Stock To Pay Gambling Debts
The Securities and Exchange Commission today charged an unregistered broker in Oceanside, Calif., with fraudulently selling purported stock in a medical device company and pocketing investors’...
View ArticleMontréal Exchange Closed On February 15, 2016 - Family Day -...
Interest rate derivative trading will cease at 1:30 p.m. today, February 12, 2016. Furthermore, the Exchange's markets will be closed on February 15, 2016 (Family Day).
View ArticleTMX Group Limited Reports Results For The Fourth Quarter 2015
$3.57 per share charge related to non-cash impairment 11 cent per share of amortization of intangibles related to acquisitions 11 cent per share for strategic realignment expenses read more...
View ArticleTMX Group Limited Declares Dividend Of $0.40 Per Common Share
The Board of Directors of TMX Group Limited declared a dividend of $0.40 on each common share outstanding, payable on March 11, 2016 to shareholders of record at the close of business on February 26,...
View ArticleNew York Attorney General Eric T. Schneiderman-Led State & Federal...
Attorney General Eric T. Schneiderman today joined members of the state and federal working group he co-chairs to announce a $3.2 billion settlement with Morgan Stanley over the bank’s deceptive...
View ArticleUnited Kingdom Parliament Treasury Committee Update: Committee Questions...
Rt Hon. Andrew Tyrie MP, Chairman of the Treasury Committee, writes to Rt Hon. George Osborne MP, Chancellor of the Exchequer, to clear up important questions arising from draft EU negotiation...
View ArticleDividends as Reference Points: A Behavioral Signaling Approach
We outline a dividend signaling model that features investors who are averse to dividend cuts. Managers with strong unobservable cash earnings pay high dividends but retain enough to be likely not to...
View ArticleReputation Concerns of Independent Directors: Evidence from Individual...
This study examines the voting behavior of independent directors of public companies in China from 2004–2012. The unique data at the individual-director level overcome endogeneity in both board...
View ArticleEquity Market Misvaluation, Financing, and Investment
We estimate a dynamic investment model in which firms finance with equity, cash, or debt. Misvaluation affects equity values, and firms optimally issue and repurchase overvalued and undervalued shares....
View ArticleLooking in the Rearview Mirror: The Effect of Managers' Professional...
We track the employment history of over 9,000 managers to study the effects of professional experiences on corporate policies. Our identification strategy exploits exogenous CEO turnovers and...
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