The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds.
ASX appointed Mr Dominic Stevens as its Managing Director and CEO. Stevens has close to 30 years’ experience in financial markets. He was CEO of Challenger and held senior positions at Bankers Trust Australia. Stevens has served on the ASX Board since 2013.
One thing I have noticed over the years is when there is a crisis, it’s a really bad time to pass sweeping legislation. The momentum and justification for legislation comes from fear. “We don’t want that to happen again”, supporters say. For example, 9/11 happens and we get the Department of Homeland Security which is mostly a waste of money and allows the government to pry into all kinds of places it shouldn’t.
Phillip Capital Inc. (PCI), the Chicago-based member of the PhillipCapital Group of Companies, will cease to offer retail forex trading to customers beginning June 1, 2016. This announcement comes in response to a SEC release.