Financial Regulatory Forum

FACTBOX-Winners and losers in the U.S. financial bill

June 25, 2010

WASHINGTON, June 25 (Reuters) – U.S. lawmakers are close to finalizing legislation that will overhaul the country’s financial system and usher in new rules for Wall Street.

ANALYSIS-SEC panel pits wider debate over automated trading

June 22, 2010

By Herbert Lash

NEW YORK, June 22 (Reuters) – U.S. security regulators have billed a panel they host on Tuesday as a talk about liquidity, yet really at issue are the fading ideals of long-term investing and the brave new world of rapid, automated trading.

SEC summary for U.S. senator on senior staff porn use at work

April 24, 2010

Did senior staffers of the U.S. ┬áSecurities and Exchange Commission watch porn on their government computers while the financial system burned? Here is a link to an SEC inspector general’s summary report, via the Washington Post, which was prepared for Republican Sen. Charles Grassely of Iowa.

U.S. Senate panel releases documents on credit raters’ role in Abacus, financial crisis

April 23, 2010

The Senate Permanent Subcommittee on Investigations released a trove of internal messages and other exhibits from its look at the role credit-rating agencies played in the financial crisis, including several related to the Goldman Sachs Abacus trades at the heart of SEC fraud charges against the bank .  Reuters links to full file of exhibits.

BREAKINGVIEWS – How Goldman Sachs fell out with the SEC

April 20, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

SEC may have hard time finding other suits like Goldman

April 19, 2010

By Matthew Goldstein

NEW YORK, April 19 (Reuters) The civil lawsuit filed by securities regulators against Goldman Sachs Group from the sale of a security linked to subprime mortgages may not open the floodgates for similar enforcement actions of its kind as some believe might happen.

ANALYSIS – US SEC’s new claws send shiver down Wall St

April 19, 2010

By Dan Margolies and Rachelle Younglai

WASHINGTON, April 16 (Reuters) – The U.S. Securities and Exchange Commission’s fraud suit against Goldman Sachs sent a shiver down the spine of Wall Street, a sign the agency is determined to be an aggressive enforcer.

INSTANT VIEW – SEC charges Goldman Sachs with fraud

April 16, 2010

(Adds additional comment)

NEW YORK, April 16 (Reuters) – Goldman Sachs Group Inc was on Friday charged with fraud by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages.

U.S. trial over credit-default-swaps tests laws on insider trading

April 7, 2010

By Grant McCool

NEW YORK, April 7 (Reuters) – Were conversations between a bond salesman and a trader over credit default swaps a case of illegal insider trading? Or were they just part of the sharing of information that typically occurs in negotiations over high-yield bonds?

ANALYSIS-Deck chairs secure aboard USS Financial Regulation

March 22, 2010

By Kevin Drawbaugh

WASHINGTON, March 21 (Reuters) – The big U.S. government agencies in charge of policing banks and markets, despite being excoriated over the severe 2008-2009 financial crisis, have successfully dodged a major structural shake-up.