Securities and Exchange Commission

When Terrorism Meets Financial Fraud

Diane Francis | Posted 06.26.2013 | Canada
Diane Francis

This was the first chilling example as to how cyber terrorism could bring down the financial system, or specific institutions or persons. Obviously, new safeguards must be put in place by legitimate media brands, regulators, new media outlets like Twitter, markets, corporations and governments.

Is Your Facebook Lying to You?

Diane Francis | Posted 10.17.2012 | Canada Business
Diane Francis

On May 25, I questioned and debunked Facebook's "active users" number of 900 million in a column. This month, the company admitted that their unaudited numbers are wrong and misleading. Zuckerberg may be a technological whiz kid, but he has yet to demonstrate that he can run a public company.

Kill Robo-Trading in the Stock Market Before it Kills Us

Diane Francis | Posted 10.15.2012 | Canada Business
Diane Francis

A recent glimpse into a frightening future occurred on August 1 when a computer glitch at Knight Capital Group Inc., that handled 11 per cent of all U.S. stock trading, was obliterated by an unproven algorithm. In less than an hour, the firm's new "program" bid for 150 stocks incorrectly. Immediately, rival computers traded against the bids and, by the end of the day, Knight had lost $440 million and had to be rescued. Clearly, the regulators must smarten up and impose Draconian measures to end this hyper trading-for-trading's-sake abuse of markets and investors.

#OccupyWallStreet Proposals Add Up

Simon Zadek | Posted 12.06.2011 | Canada
Simon Zadek

Who is listening to the folks camping out in downtown Manhattan? President Obama should call out the root cause of his shortcomings at the polls, but is otherwise engaged in retaining Wall Street support for his re-election campaign. And what of us, informed and active, democracy-loving citizens?

Royal Bank Of Canada To Pay $30.4 Million U.S. In Settlement With SEC

CP | David Friend, The Canadian Press | Posted 11.27.2011 | Canada

TORONTO - The capital markets division of Royal Bank (TSX:RY) has agreed to pay US$30.4 million to settle charges by the U.S. Securities and Exchange ...

U.S. Firms Seek To Block Data On How Many They Hired Abroad

The Washington Post | Posted 10.21.2011 | Canada Business

Some of the country's best-known multi­national corporations closely guard a number they don't want anyone to know: the breakdown between their jobs ...

SEC Reviewing S&P's Math On Downgrade

Bloomberg News | Posted 10.15.2011 | Canada Business

The Securities and Exchange Commission is scrutinizing the method Standard & Poor’s used to cut the U.S.’s credit rating and whether the firm prop...

Ex-Playboy CEO's Husband In Insider Trading Rap

CP | Posted 10.03.2011 | Canada

NEW YORK, N.Y. - The husband of former Playboy Enterprises CEO Christie Hefner has been accused of using inside information in making more than $100,0...