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Can Derivatives be Tamed?
Obama Proposes OTC Derivatives Reform: The Obama administration sent suggested wording for legislation that will regulate OTC derivatives, including credit default swaps (CDS), to Congress. The plan calls for OTC derivatives markets to be "comprehensively regulated for the first time." Read more.
Comments? Please send them to kmcbride@wealthmanagerweb.com
New BLOG: Regulatory Reason
WealthManagerWeb is delighted to introduce a new blog on re-regulation and compliance by Knut A. Rostad.
Disclosures and Evoking the Lewis Liman Defense: U.S. District Judge Jed Rakoff wants to find out why the SEC accepted a $33 million settlement in light of its allegations that Bank of America failed to disclose that bonus payments were authorized for up to $5.8 billion. Rakoff called the fine "strangely askew." Read more.
About the Author
Kathleen McBride, AdvisorOne
Kathleen M. McBride, AIF ® is the Wealth Editor in Chief at AdvisorOne.com and was Editor in Chief at Wealth Manager, and Wealth ManagerWeb.com, (now part of AdvisorOne.com). She was Senior Editor at Investment Advisor. She has worked in journalism on-air, in print, and on the Web. She is a founder of The Committee for the Fiduciary Standard, working to ensure that investors have access to financial advice that is in their best interests.
After beginning her career on Wall Street as a broker, bond trader and then an investment advisor at a major bank, she ran new-media startups and developed interactive financial content with major media companies. McBride holds a BA from New York University and has completed the Investment Strategies and Portfolio Management program at The Wharton School of The University of Pennsylvania. She is an Accredited Investment Fiduciary with the Center for Fiduciary Studies.
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