How could UBS not have learnt from SocGen?

September 15, 2011

It has happened again. UBS has $2 billion of losses from unauthorized trading in the Swiss bank’s supposedly safe “Delta One” equities business. This is the area that spawned a massive fraud at French bank Societe Generale in 2008, leading to $7 billion of losses as the trades were unwound.

Watchdogs coming up short on ETF risks

April 26, 2012

It’s heartening to see Finra going after brokers for mis-selling complicated variants of exchange-traded funds. But investors need more protection earlier on in the process. That means ensuring potential buyers are well-informed of the risks and the fees before they jump in.