Stephen Cutler
Stephen Cutler
allow analyst conduct effect fact firm less literally road
It's just astonishing to me that a firm could allow an analyst to participate in a road show -- and the fact that the prohibition on such conduct isn't literally in effect yet doesn't make me any less disappointed.
case commission committed federal fully including increasing law likelihood pursuing securities violations wherever
The commission is fully committed to pursuing federal securities law violations wherever they exist, including at hedge funds. And as this case shows, there is also an increasing likelihood that such violations will be criminally prosecuted.
available meaningful portions relief states
The distribution payments will be more meaningful if the states make their portions of the relief available to investors,
advantage auction exchange fair leave operation orderly position privileged public specialist takes trading undermines
When an exchange specialist unlawfully takes advantage of its privileged position by seizing trading opportunities that it should leave for public customers, it fundamentally undermines the fair and orderly operation of the exchange auction system.