Posts belonging to Category Commodities and Futures
Posted by Page PerryonJuly 18, 2011
SEC Commissioner Luis Aguilar called for the SEC’s Office of Investor Education and Advocacy to issue an investor alert warning retail investors about the risks of trading off-exchange foreign currency contracts. This comes in the wake of the SEC’s recent approval of a temporary rule allowing the sale of retail forex contracts to unsophisticated investors […]
Categories: Brokerage Firms, Commodities and Futures, Forex Fraud, Investment Advisers, Investor Alerts, Regulatory Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonJuly 11, 2011
A lot of retail investors are getting involved with Forex trading, according to Stephen L. Bernard’s Wall Street Journal article entitled “Is Currency Trading Worth the Risk?” It is only worth the risk if you can afford to lose every penny you put into it, and quickly. Regulators are seeking to warn retail investors of […]
Categories: Brokerage Firms, Commodities and Futures, Elder Abuses, Forex Fraud, Investigations, Investment Advisers, Investor Alerts, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonJuly 9, 2011
“That’s the easiest $250,000 you’ll never see,” quipped the judge who had just granted a motion for summary judgment in a recent case. Collectibility of judgments is something that private attorneys usually consider in deciding whether to expend resources to pursue a case. The attorneys who work for the U.S. Securities and Exchange Commission and […]
Categories: Brokerage Firms, Commodities and Futures, Common Securities Broker Abuses, Disciplinary Actions, Regulatory Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonJune 17, 2011
Massachusetts may join California, Virginia and Florida in suing Bank of New York Mellon Corp. for allegedly overcharging the state’s pensioners for foreign exchange trades, according to Carrick Mollenkamp’s Wall Street Journal article entitled “New Front Opens in Massachusetts for Forex Dispute.” Federal agencies are reportedly investigating.
Categories: Bank of New York Mellon, Brokerage Firms, Commodities and Futures, Forex Fraud, Investigations, Investment Advisers, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonJune 11, 2011
Carolyn Cui’s Wall Street Journal article entitled “Tripped Up by the Margin” makes the point that increasing margin requirements, a step sometimes taken by exchanges to reduce market volatility, can actually increase downward volatility as a result of ensuing forced liquidations.
Categories: Brokerage Firms, Commodities and Futures, Investment Advisers, Investor Alerts, Market Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonJune 6, 2011
In his Wall Street Journal article “All ‘Commodities’ Aren’t Equal,” Liam Pleven makes the simple point that the performance of broad-based commodities index exchange traded funds may vary significantly because of varying portfolio composition. The fungibility of commodities, or inaccurate advertising, may have led some investors to believe that commodity funds are fungible. They aren’t. […]
Categories: Brokerage Firms, Commodities and Futures, Exchange-Traded Funds (ETFs), Investment Advisers, Market Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonJune 2, 2011
Bank of New York Mellon Corp. admits it did not act in its clients’ best interest in pricing foreign currency trades but says its clients are to blame because they knew or should have known what was going on, according to a Wall Street Journal article by Carrick Mollencamp and Tom McGinty entitled “Inside a […]
Categories: Bank of New York Mellon, Brokerage Firms, Commodities and Futures, ERISA Fiduciaries and Claims, Financial Industry Whistleblowers, Forex Fraud, Investigations, Investment Advisers, Investor Alerts, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonMay 10, 2011
Goldman Sachs disclosed that it has been notified that the Commodity Futures Trading Commission’s staff will recommend that the agency bring “aiding and abetting, civil fraud and supervision-related charges” against its division, Goldman Sachs Execution & Clearing, according to a Wall Street Journal article by Liz Moyer entitled “Goldman Discloses CFTC Probe.” The charges reportedly […]
Categories: Brokerage Firms, CDOs, Commodities and Futures, Common Securities Broker Abuses, Derivatives, Goldman Sachs, Investigations, Investor Alerts, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonMay 6, 2011
Silver futures plummeted to their biggest decline since March 1983 after Comex’s owner, CME Group Ltd., raised margin requirements for new speculative positions by 84 percent in less than two weeks, according to according to an InvestmentNews article entitled “Silver investors holding ‘a falling knife.’” Gold also fell.
Categories: Brokerage Firms, Commodities and Futures, Economy, Exchange-Traded Funds (ETFs), Investment Advisers, Market Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonMarch 15, 2011
The U.S. government is trying to recruit new talent with “Wall Street experience and retool antiquated surveillance systems,” according to Rachelle Younglai of Reuters. In the past the SEC and other government regulators have been unable to attract the top talent because they could not match the high salaries of top Wall Street firms. The […]
Categories: Brokerage Firms, Commodities and Futures, Investor Rights, Market Developments, Regulatory Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation