Category: Tamar Frankel

Ex-Madoff Workers Trial Will Be Jurors’ New Reality

October 9th, 2013 in 2013, Bloomberg, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Bloomberg
Tamar Frankel, School of Law

The trial of five former employees of jailed con man Bernard Madoff, including his longtime personal secretary and two computer programmers, will become a full-time job for about five months for jurors…

Expert quote:

“Five months is difficult — it’s a long time. From time to time you always have somebody who wants to get it over with, who says it’s an open and shut case. There’s always someone who says,‘to hell with it.’ But if they continue, they find out something different. This is a complex case.”

View full article

Can the Department of Labor Clean up Financial Planning?

September 18th, 2013 in 2013, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Nerdwallet.com
Tamar Frankel, School of Law

Planning for retirement is complicated…

Expert quote:

“What should happen in the future is that investors must approach investing like they do going to the doctor.”

View full article

Look Who’s Locking Horns Over Retirement Accounts

August 11th, 2013 in 2013, Newsmakers, School of Law, Tamar Frankel, Wall Street Journal 0 comments

frankel-2010Wall Street Journal (subscription required)
Tamar Frankel, School of Law

In the next few weeks, the way investors get advice could change forever…

Expert quote:

“Advisers could be restricted from enticing retirees to sell one investment they already hold in order to buy another.”

View full article

SAC Capital punished for the government’s own failure

July 26th, 2013 in 2013, Fortune, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Fortune
Tamar Frankel, School of Law

When criminal charges were filed Thursday against the hedge fund SAC Capital, Preet Bharara, the U.S. Attorney for the Southern District of New York, held a press conference to announce the fruits of a years-long government investigation…

View full article

15 transformational events: Finra brings all brokers under one roof

June 23rd, 2013 in 2013, Investment News, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Investment News
Tamar Frankel, School of Law

The creation of the Financial Industry Regulatory Authority Inc. in 2007 brought all brokers under the same regulatory roof, achieving a breakthrough for market self-policing…

Expert quote:

“It is built on its membership. Whenever brokers really care [about an issue], and Finra goes against them, they will trump Finra.”

View full article

Whale of a Trade Revealed at Biggest U.S. Bank With Best Control

June 3rd, 2013 in 2013, Bloomberg, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Bloomberg Markets Magazine
Tamar Frankel, School of Law

“We are dead I tell you,” Bruno Iksil, a London-based trader at JPMorgan Chase & Co. (JPM), messaged an associate on March 23, 2012…

Expert quote:

“Simply making a negligent statement in and of itself may not be enough to constitute a securities violation.”

View full article

B-Ds’ Fiduciary Obligations Already There, Say Courts And Arbitrators

April 25th, 2013 in 2013, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Financial Advisor Magazine
Tamar Frankel, School of Law

The Securities and Exchange Commission has not yet decided whether broker-dealers should be given a fiduciary responsibility…

View full article

Insider-trading scandal poses risks to KPMG’s reputation

April 10th, 2013 in 2013, Los Angeles Times, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Los Angeles Times
Tamar Frankel, School of Law

A former senior KPMG auditor’s leaks could threaten the reputation of one of the country’s biggest accounting firms, industry experts said…

Expert quote:

“They didn’t hide it. They didn’t tell half-lies. They didn’t sugar-coat it.”

View full article

Fund Directors Meet Fresh SEC Scrutiny

March 26th, 2013 in 2013, Barron's, Newsmakers, School of Law, Tamar Frankel 0 comments

frankel-2010Barron’s (subscription required)
Tamar Frankel, School of Law

Life is changing for mutual-fund directors…

Expert quote:

“The directors, until now, were out of it.”

View full article

U.S. approves Nasdaq payback plan for Facebook IPO, UBS unhappy

March 25th, 2013 in 2013, Newsmakers, Reuters, School of Law, Tamar Frankel 0 comments

frankel-2010Reuters
Tamar Frankel, School of Law

Regulators approved Nasdaq OMX Group’s $62 million compensation plan for firms that lost money in Facebook Inc’s glitch-ridden market debut, a victory for the exchange operator that also set the stage for potential lawsuits from firms seeking more…

Expert quote:

“If Nasdaq had to make whole all the brokers that lost money in the IPO, it might bankrupt the exchange, which could end up driving more trading onto less transparent venues, such as dark pools.”

View full article