Citi Confirms Big Job Cuts - - - Citigroup CEO Vikram Pandit confirmed at this morning's Town Hall Meeting that 50,000 jobs will be cut, and operating expenses will be cut 20%. Get linked to Citi's online presentation. [RULE]
Senator Ties Tax Changes to Goldman Ties - - - Sen. Chuck Grassley asked the inspector general of the U.S. Treasury to investigate potential conflicts of interest among former Goldman Sachs executives serving at the U.S. Treasury. [WHO]
NYSE's New Sub-Penny Halt Trading Rules - - - The NYSE will no longer halt trading and transfer securities to the NYSE Arca trading platform whenever a NYSE security is executed at a price of $1.05 or less per share, among other conditions. [RULE]
Who's News Quick Takes - - - Deutsche Bank ID'd in Tax Shelter Indictment; SEC: Mark Cuban is a Maverick!; SDNY Prosecutor Tapped for Treasury Program. [WHO]
Layoff/Employment Watch - - - Fidelity: Round 2; JPMorgan: 10% Target Anticipated; UBS: 30% Cuts. [WHO]
Next Generation NYSE - - - The SEC has approved the NYSE's Next Generation trading model; key features will be rolled out over the next few weeks. Get linked. [RULE]
Look Who's Talking - Recent Speeches, Testimony (Thru 11.14.08) - - - Including SEC Chairman Cox on the 'New Regulatory Structure'; CFTC Acting Chairman Luken's Keynote at FIA Futures & Options Expo. [RULE]
Goldman, UBS: Top Officers to Forgo Bonuses - - - The top 7 most senior bankers at Goldman Sachs have waived their right to a bonus payout for 2008, while UBS will change the way it pays senior managers. [WHO]
Unregistered Principal Stripped of Unlawful Commissions - - - The U.S. Court for the Southern District of New York ruled in the SEC's favor in a trial against unregistered principal Michael Crow, who made millions in unlawful commissions while violating B/D registration and reporting securities laws. [WWW]
Raymond James - FINRA's 'Big Enchilada' for November - - - Raymond James & Associates was the biggest loser in FINRA's Disciplinary Actions for November - a whopping fine and censure relating to the actions of an unregistered person. Get linked. [WWW]
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