March 8th, 2010 
Before You Invest Max Baucus, chairman of the Senate Finance Committee, said the Senate likely will not vote on a proposed 50% tax on bonuses of employees of companies that received state aid. Baucus said lawmakers of both parties are opposed to the measure. “Some Republicans don’t want it; some Democrats don’t want it,” said Baucus, D-Mont.
Posted in Finance Fraud 
Tags: Chairman Of The Senate, Chairman Of The Senate Finance Committee, Democrats, Lawmakers, Max Baucus, Republicans, Senate Finance Committee, Vote 
Comments Off February 24th, 2010 Before You Invest Today was a banner day for protectionists and industrialists alike, as Congress passed the Morrill Tariff Act, which hiked duties on imports to an average rate of 47 percent.
The legislation was also another victory for Congressman Justin Morrill, who, starting in 1861, had drafted a series of tariffs designed to protect U.S.
Posted in Finance Fraud Tags: 1861, American Manufacturers, Banner Day, Congressman, Historians, Import Goods, Industrialists, International Competition, Justin Morrill, Lawmakers, Morrill Act, Morrill Tariff Act, Pocketbooks, Raw Materials, Rivals, Source History, Specter, Tariff Law, Tariffs, Wall Street History Comments Off January 13th, 2010 Before You Invest High-frequency traders, whose lightning-fast stock and options tactics have been criticized by senators, are about to learn how far U.S. regulators may go to rein them in.
The Securities and Exchange Commission is poised to ask brokerage firms, traders and exchanges to weigh in on the practice, which describes a range of strategies that depend on high-speed executions, usually less than a millisecond.
SEC commissioners vote today on publishing a so-called concept release on high-frequency trading, dark pools and the structure of markets.
Posted in Finance Fraud Tags: Brokerage Firms, Dark Pools, Delaware Democrat, Executions, Financial Services Consultant, Getting Away With Something, Goodwin Procter Llp, Group Llc, High Frequency, Individual Investors, Kaufman, Lawmakers, Liquidity, Millisecond, Proponents, Securities And Exchange Commission, Stock Volume, Tabb Group, Trading Accounts, Volume Questions No Comments » December 4th, 2009 Before You Invest Lawmakers and regulators have been scrutinizing flash orders, but a bulk of the concern is with stock exchanges. The Securities and Exchange Commission might move to ban flash orders, but whether it will put similar restrictions on the options market is unclear. A ban on flash orders in the options markets could trigger upheaval, market participants said.
November 19th, 2009 Before You Invest Government sources said the Obama administration is interested in extending the $700 billion Troubled Asset Relief Program, but it is struggling with how to announce such an initiative. The plan is to use about $200 billion in leftover funds to pay down the national debt, the sources said. Officials are concerned that lawmakers will try to use that money to fund their projects.
Posted in Finance Fraud Tags: Government Sources, Initiative, Lawmakers, Money, National Debt, Relief Program No Comments » November 19th, 2009 Before You Invest Lawmakers are considering a House proposal that would impose a tax on stock trades and over-the-counter derivatives transactions. Key lawmakers, however, are not lending their support to such a tax, and many market participants are opposed. “Imposing a tax on financial transactions is the wrong idea at the wrong time,” said Ken Bentsen, executive vice president of public policy and advocacy at SIFMA. “It would directly and detrimentally affect millions of Americans by imposing a tax on their savings such as mutual funds, just as they are seeing their investment assets regain value.”
Posted in Finance Fraud Tags: Advocacy, Amp, Derivatives, Executive Vice, Financial Transactions, Investment Assets, Ken Bentsen, Lawmakers, Market Participants, Mutual Funds, Pid, Proposal, Public Policy, Sid, Sifma, Stock Trades, Transaction Tax, Vice President, Wrong Idea, Wrong Time No Comments » November 9th, 2009 Before You Invest 
“I’m sorry,” Reed, 70, said in an interview yesterday.
Posted in Finance Fraud Tags: 5 Million, Banking Services, Capital Markets, Citicorp, Citigroup, Citigroup Inc, Consumer Banking, Depression Era Glass, Fixed Income Trading, Glass Steagall Act, Investment Firm, John Reed, Lawmakers, Park Avenue, Recession, Salomon Smith Barney, Sanford I Weill, Term Profitability, Traditional Customer, Travelers Group, Treasury Department No Comments » November 3rd, 2009 Before You Invest Lawmakers are considering a proposal that would levy a tax on all trades of financial products, including stocks, bonds, derivatives and commodities. Executives in the financial industry said the tax would discourage investment in the country, driving business overseas.
October 27th, 2009 Before You Invest The Securities and Exchange Commission is looking into how high-frequency trading, which some estimate accounts for 50% or more of all equity trading in the U.S., affects markets, sources said. As lawmakers are scrutinizing the trading practice and other market developments, the SEC is not expected to publish a discussion paper on the strategies until December at the earliest.
October 27th, 2009 Before You Invest In a lengthy report to the Securities and Exchange Commission, Goldman Sachs Group defended high-frequency trading, dark pools, short-selling and other market strategies. “The investing community (especially retail) has benefited from the evolving market structure and industry competition,” Goldman said in the report. Lawmakers have criticized the practices and are looking into ways to increase their transparency.
Posted in Finance Fraud Tags: Amp, Apps, Dark Pools, Goldman Sachs, Goldman Sachs Group, High Frequency, Industry Competition, Lawmakers, Lengthy Report, Market Investing, Market Practices, Market Strategies, Market Structure, Pid, Sec, Securities And Exchange, Securities And Exchange Commission, Sid, Transparency No Comments »
