Top Stories

R.R. Donnelley to Acquire EDGAR Online

May 23, 2012 - Donnelley said it would pay $1.09 a share or $70.5 million for EDGAR Online, which now focuses on publishing reports in the interactive format that relies on the eXtensible Business Reporting Language of the web.

FINRA ENFORCEMENT: 25 Top Cases

May 23, 2012 - The Financial Industry Regulatory Authority reviewed enforcement case trends at its annual conference in Washington, D.C. this week. Here are 25 top cases from its files.

Regulators Finishing Probes on ‘Layering,’ ‘Spoofing’ of Trades

May 23, 2012 - A half dozen investigations are looking into electronic techniques for creating the false impression that there is deep or momentary interest in stocks.

Vanguard Begins Trading ETFs in Europe

May 23, 2012 - The asset management unit of Vanguard Group, the largest mutual fund complex in the United States, will license indices from FTSE Group and trade its ETFs on the London Stock Exchange.

Inspect Exchange Operations, After Facebook Fiasco?

May 23, 2012 - A market data aggregator and analyst says the Facebook IPO fiasco is a sign that regulators desperately need to look into the operations of the nation’s electronic markets and automated trading practices.

Investors Flee U.S. Stock Funds

May 23, 2012 - For the week ended May 16, investors pulled an estimated $3.45 billion from U.S. stock mutual funds. That’s $1.10 billion more than they withdrew from the funds a week earlier.

SWIFT CEO Campos Stepping Down

May 22, 2012 - The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced that Lazaro Campos will step down after five years as chief executive.

TRADING PACES: Chi-X Japan Launches Hosted Risk Controls

May 22, 2012 - Chi-X Japan launches hosted risk controls. Interactive Data awarded third patent for fair value pricing. KBC signs up for Arkelis’ Advanced Messaging Hub. RTS ready for Eurex's new trading system.

Dark Pools Handle 13% of U.S. Equity Volume - Tabb

May 22, 2012 - Dark pools accounted for 13% of total volume in U.S. equities volume during April and March, a sign that trading firms are increasingly trusting the anonymous venues, according to the Tabb Group.

SOCIAL MEDIA SPECIAL REPORT
Secret to Success: Don't Give Financial Advice

May 22, 2012 - Talk coffee, not college savings plans. That avoids potential compliance issues. Besides, visitors to social media sites are coming to learn about who you are, not what you sell.

Fund Firms Brace For Regulatory Heat

May 22, 2012 - Asset management companies can anticipate regulatory focus to intensify as implementation of the Dodd-Frank Wall Street Reform Act progresses -and not just from the Securities and Exchange Commission.

Citigroup Fined $3.5M in Subprime Securitizations

May 22, 2012 - FINRA says Citigroup posted inaccurate mortgage performance data on its website, from January 2006 to October 2007.

Bloomberg Acquires PolarLake; Launches EDM Services

May 22, 2012 - Bloomberg LP has acquired the Dublin-based software provider PolarLake and is launching a new enterprise data management (EDM) service to help companies acquire, manage and distribute data across their organizations.

SEC Whistleblower Tip Rate: 7 A Day

May 22, 2012 - Seven tips come in daily under the program that started in August. Thomas Sporkin, director of market surveillance at the SEC, says two to three each day are high quality.

Don’t Dump Value at Risk Metric - Risk Expert

May 22, 2012 - The JPMorgan Chase hedging debacle doesn’t mean you should throw out your Value-at-Risk metric systems, according to risk expert Patrick Woody. However, he says, the debacle does mean that you have to shake off your complacency.