R&B: Recovery & Bailout - - - (i) Freddie Mac On Track to Lose Billions in 2009; . [BTN]
Rule News Quick Takes - - - SEC: 2008 Performance and Accountability Report (get linked); NSX on 'Riskless Principal Transactions'; DTC's Debt Cap Look-Ahead Processing; BSE: Listing and Trading of Options on Index-Linked Securities; NYSE: Pricing for Transactions in Stocks Trading Below $1; NYSE Alternext FAQs. [RULE]
Rule News Quick Takes Take 2 - - - CBOE: Unlisted Trading Privileges; NYSE Arca Updates AML Compliance Program Rules; SEC Put Off Vote on Rules for Credit Rating Agencies. [RULE]
Big Changes for Mutual Fund Disclosures to Investors - - - The SEC adopted new rules that will help to simplify mutual fund disclosures for investors, fund groups and financial services firms. [RULE]
Layoff/Employment Watch - - - Morgan Stanley; Citigroup Gets Going; . [WHO]
Citi Watch - - - (i) Citi Deal Ends Its SIV Saga; (ii) Citi Slips Notch in Bank Rankings; (iii) Citi Liquidates Downtrodden Hedge Fund. [WHO]
Yes, I Traded on Material Non-Public Information - - - Mark Cuban does not dispute receiving material non-public information from the CEO of Mamma.com, nor does he deny selling 600,000 shares of the stock based on this information. [WHO]
BMO Commodities Trader Commits Multi-Million Fraud: How Not to Value Thinly Traded Investments - - - David Lee, a natural gas options trader with BMO Capital Markets, along with 3 others, engaged in a scheme to overvalue the commodity derivatives trading portfolio at Bank of Montreal. [WWW]
MSRB: Increase Transparency of ARS's and Variable Rate Demand Obligations - - - The MSRB filed with the SEC a proposed rule change to establish a transparency system for municipal Auction Rate Securities (ARS's) and municipal Variable Rate Demand Obligations (VRDO's). Get Linked. [RULE]
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