Rule News Quick Takes
Web Site Provides Access to European MBS Info; CBOE: "The Road to Compliance" Seminars; Amex/Nasdaq/NSYE/NYSEArca Propose Trading Halt Conditions for Certain Derivative Securities; Nasdaq to Modify Processing of Price to Comply Orders. [RULE]
Who's News Quick Takes
RBS, Barclays U.K. Offices Raided; ICE to Acquire Creditex; SEC Names New Deputy Directors in Enforcement Div.; Morgan Stanley Prop Traders Leave. [WHO]
Pay Scales In Finance Industry Expected to Drop
A survey of U.S. and U.K. recruiters found that two-thirds expect compensation in the financial services industry are likely to drop this year, in some cases by as much as 20%. [WHO]
Commodity Policies to be Revised - Index Funds, Investment Banks Undermine Markets
The New York Times reports that commodity regulators will demand more information about investors to determine whether they are evading market limits on speculation and artificially driving up world food prices. [RULE]
NFA - Recent Manual Updates
The National Futures Association posted recent updates to its Manual, regarding Forex Transactions. [RULE]
Lehman May Need to Raise $$$$
Lehman Brothers Holdings may report its first quarterly loss since going public in 1994, increasing pressure on the company to raise more company, and increasing Street talk about Lehman imploding. [WHO]
SIFMA Calls for Consistency, Fairness, Compliance with Amended U4's and U5's
While being in general support of FINRA's proposed changes in Rule Filing 8-20, SIFMA's Arbitration Committee recomends several measures that would further advance the goals of consistency, fairness and compliance in customer complaint reporting - beginning with the dollar threshold for reporting settlements of customer complaints. Registered persons - it's your reputations, your livelihoods. [BTN]
Comments