The early 1890s were not kind to America’s gold reserves. The nation’s supplies of the precious metal swooned under the strain of the recently passed Sherman Silver Act as European investors, fearful that America was chucking gold for silver, increasingly sold their gold supplies overseas.Coupled with declining revenues triggered by various protective tariffs, the reserves plummeted, taking a severe toll on the economy.
Posts Tagged ‘Foreign Investors’
This Day in Wall Street History 1895: U.S. gold supply running dry
February 9th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: 1890s, Business Source, Desperation, European Investors, Financial Crisis, Foreign Investors, Gold Reserves, Gold Supply, Grover Cleveland, Handsome Profit, J P Morgan, Morgan And Company, Precious Metal, President Grover Cleveland, Protective Tariffs, Sherman Act, Source History, U S Gold, U S Treasury, Wall Street History 
Comments OffCitigroup Fined by FINRA for Tax Evasion Strategies
October 13th, 2009 Before You Invest The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets Inc. $600,000 and censured the brokerage firm for tax evasion trading strategies found to be operating among its affiliates. The first scheme involved international clients of Citigroup circumventing US tax laws, allowing them to increase their respective returns.
Posted in Finance Fraud Tags: Brokerage Firm, Citigroup, Citigroup Global Markets Inc, Custodian, Dividend, Dividends, Equity Hedge, Financial Industry Regulatory Authority, Finra, Foreign Investors, Global Markets, International Clients, London Affiliate, Share Price, Swap Agreement, Tax Evasion, Tax Liabilities, Tax Profits, Total Return Swap, Trading Strategies, Trading Strategy, Withholding Taxes No Comments »Iraq Stock Exchange Goes Electronic
April 22nd, 2009 Before You Invest The Iraq Stock Exchange has launched electronic trading for five of the exchange’s 91 companies. The system was paid for with a $6.5 million grant from the U.S. government and has taken three years to install, the Wall Street Journal reported. Since its launch in 2004, traders at the exchange relied on white boards showing information.
Posted in Finance Fraud Tags: 1 Million, 5 Million, Banks, Brokerage Firms, Electronic System, Electronic Trading, Foreign Investors, Hotels, Information Buyers, Iraq, Iraqis, Launch, Stock Certificates, Stock Exchange, Stocks, Turnover, Tv Screens, Wall Street, Wall Street Journal, Wsj No Comments »
