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Apple structured products may be in trouble

More than $241 million of structured notes tied to Apple face losses after a 27 percent drop in the stock of the world’s most valuable company eroded built-in cushions that protect investors. Banks issued 76 U.S. notes linked to Apple stock during the seven weeks starting Aug. 20 when the company was valued at $650 a […]

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Obama nominates Mary Jo White to lead SEC

Signaling the possibility of an aggressive new strategy for regulating Wall Street, President Obama today nominated Mary Jo White, a former U.S. Attorney for the Southern District of New York and high-profile prosecutor, to head up the Securities and Exchange Commission. Mr. Obama, in remarks announcing the nomination this afternoon, lauded White for her career […]

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Kenneth Dachman sentenced to 10 years and ordered to pay restitution

The Securities and Exchange Commission (SEC) announced that on January 17, 2013, in a criminal action brought by the U.S. Attorney’s Office for the Northern District of Illinois, the Honorable James B. Zagel in the Northern District of Illinois sentenced Kenneth A. Dachman (Dachman) to 120 months in prison on 11 counts of wire fraud […]

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SEC says no to Nasdaq request for indiviudal trading algorithms

The U.S. Securities and Exchange Commission rejected Nasdaq’s request to offer clients trading algorithms that would enable them to execute buy and sell orders according to predetermined guidelines. Nasdaq failed to specify in its proposal how it would ensure that orders generated under its plan would comply with rules requiring risk checks on buy and sell […]

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UBS Willow Fund investigation initiated

Last month, a class action lawsuit was filed on behalf of investors in the UBS Willow Fund. Investors are encouraged to explore all of their legal options, including whether they have potential claims against the investment adviser or broker dealer that recomended the  purchase of the fund.  The UBS Willow Fund is a private hedge […]

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