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Analyzing Financial Fraud Cases Using a Linguistics-Based Text Mining Approach
May 27, 2014
The paper proposes a linguistics-based text mining approach to automate the process of extracting financial concepts from...
May 27, 2014
The paper proposes a linguistics-based text mining approach to automate the process of extracting financial concepts from...
SEC to Limit Ability to Settle Without Admission of Wrongdoing
July 15, 2013
At a recent Wall Street Journal CFO Network conference [login required], U.S. Securities and Exchange Commission (SEC)...
July 15, 2013
At a recent Wall Street Journal CFO Network conference [login required], U.S. Securities and Exchange Commission (SEC)...
Former SEC Lawyer Uses Crowdfunding to Bring Whistleblower Actions
June 19, 2013
Ted Siedle figures securities fraud is a growth industry. A Securities and Exchange Commission lawyer-turned-financial industry watchdog, Siedle is raising an investment fund to cash in on the agency’s new whistleblower program. After missing big frauds like the Bernie Madoff swindle, the SEC hopes the financial incentive will bring in more tips that lead to successful enforcement actions. Siedle sees opportunity. In return for a share of the awards, he offers his expertise as a fraud...
June 19, 2013
Ted Siedle figures securities fraud is a growth industry. A Securities and Exchange Commission lawyer-turned-financial industry watchdog, Siedle is raising an investment fund to cash in on the agency’s new whistleblower program. After missing big frauds like the Bernie Madoff swindle, the SEC hopes the financial incentive will bring in more tips that lead to successful enforcement actions. Siedle sees opportunity. In return for a share of the awards, he offers his expertise as a fraud...
SEC Won’t Have Time to Tackle Issue of Mandatory Securities Arbitration
June 13, 2013
Despite increasing pressure on the SEC to exercise its Dodd-Frank-granted explicit authority to ban mandatory securities arbitration, SEC Commissioner Elisse Walter stated earlier this week, according to a report in Reuters, that the Commission won’t have time to address the issue until 2014, in light of the other mandates of Dodd-Frank. It’s a shame that the issue won’t get the regulatory attention it deserves due to lack of resources.
June 13, 2013
Despite increasing pressure on the SEC to exercise its Dodd-Frank-granted explicit authority to ban mandatory securities arbitration, SEC Commissioner Elisse Walter stated earlier this week, according to a report in Reuters, that the Commission won’t have time to address the issue until 2014, in light of the other mandates of Dodd-Frank. It’s a shame that the issue won’t get the regulatory attention it deserves due to lack of resources.
Added Pressure on SEC to Eliminate Mandatory Securities Arbitration
May 14, 2013
In the wake of a FINRA disciplinary hearing panel decision not to enforce its own rules against broker-dealer Charles Schwab barring class action waivers in customer-broker account agreements because of the Federal Arbitration Act (see my previous blog posts about that decision here and here), investor rights advocates have stepped up their efforts to press the Securities and Exchange Commission to exercise its powers under Dodd-Frank to ban mandatory arbitration. First, a few weeks ago, SEC...
May 14, 2013
In the wake of a FINRA disciplinary hearing panel decision not to enforce its own rules against broker-dealer Charles Schwab barring class action waivers in customer-broker account agreements because of the Federal Arbitration Act (see my previous blog posts about that decision here and here), investor rights advocates have stepped up their efforts to press the Securities and Exchange Commission to exercise its powers under Dodd-Frank to ban mandatory arbitration. First, a few weeks ago, SEC...
Mass. Securities Regulator Urges SEC to Reduce Mandatory Arbitration
March 6, 2013
The 2010 Dodd-Frank Act empowered the SEC to study the use of mandatory arbitration in the securities industry and consider whether to ban regulated firms from imposing mandatory arbitration on customers. To date, the SEC has not launched any such study, presumably because Dodd-Frank was loaded with so many regulatory mandates to the SEC that the agency has not had time or the resources to pursue non-mandatory rule-making. Both broker-dealers (B-Ds) and investment advisers (IAs) – financial...
March 6, 2013
The 2010 Dodd-Frank Act empowered the SEC to study the use of mandatory arbitration in the securities industry and consider whether to ban regulated firms from imposing mandatory arbitration on customers. To date, the SEC has not launched any such study, presumably because Dodd-Frank was loaded with so many regulatory mandates to the SEC that the agency has not had time or the resources to pursue non-mandatory rule-making. Both broker-dealers (B-Ds) and investment advisers (IAs) – financial...
