Category: FINRA
By Larry Doyle on Nov 1, 2009 in Bernie Madoff, Current Affairs, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 6 Comments
Did FINRA invest its own funds from its internal investment portfolio with Bernie Madoff? Would FINRA’s head Mary Schapiro invest with her “dear friend” Bernie? Stick with me on this and let’s navigate the newest development in this ongoing scam. My concluding remarks provide insights you won’t find in many mainstream media outlets.
High five to [...]
By Larry Doyle on Oct 20, 2009 in Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | 14 Comments
Is Mary Schapiro a liar? Are other FINRA executives also liars?
Fully appreciating that merely asking these questions is aggressive by its very nature, I do not ask them in a derisive fashion. The fact is, the answer to those questions in the eyes of Richard Greenfield is an unequivocal, “Yes!”
Who is Richard Greenfield? I had [...]
By Larry Doyle on Oct 4, 2009 in Bernie Madoff, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 8 Comments
The core of that question resides within the regulatory oversight of our financial industry. The American public is beginning to learn a lot about this financial regulatory oversight. How so? A month ago, SEC Inspector General David Kotz released a report, Investigation of Failure of the SEC to Uncover Bernard Madoff’s Ponzi Scheme (embedded [...]
By Larry Doyle on Oct 4, 2009 in Bernie Madoff, Economy, FINRA, NoQuarter Radio, SEC, Sense on Cents (Larry Doyle blog) | 1 Comment
UPDATE: This episode of No Quarter Radio’s Sense on Cents with Larry Doyle has concluded, but you can listen to an audio playback here.
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Please join me this evening for NQR’s Sense on Cents with Larry Doyle as we dig deeper and work harder in navigating the economic landscape. My special guest will be Genevievette Walker-Lightfoot.
Ms. [...]
By Larry Doyle on Sep 16, 2009 in Bernie Madoff, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | 5 Comments
On the heels of President Obama’s speech on Wall Street at which he called for meaningful financial regulatory reform, I welcome submitting to him and the American public the following video clips. These clips are from Fox Business News “America’s Nightly Scoreboard” with David Asman on September 3rd.
While President Obama and Congress may believe financial [...]
By Larry Doyle on Aug 25, 2009 in Bernie Madoff, Current Affairs, Economy-Federal Agencies, FINRA, Sense on Cents (Larry Doyle blog) | 20 Comments
Note: I originally posted this piece on my blog this morning (Tuesday, August 25th) at 10:47 a.m. Shortly thereafter, the article (”FINRA Rebuffs Amerivet’s Demand to Inspect Records”) that I reference in my post was removed from the Financial Planning website. I was able, however, to get a copy of the Amerivet Securities [...]
By Larry Doyle on Jun 5, 2009 in Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 2 Comments
Does SEC chair Mary Schapiro have the personal courage to lead a new and emboldened financial regulatory regime?
Ms. Schapiro has always been viewed as being far too cozy with the financial industry. Sense on Cents first crossed paths with current SEC chair Mary Schapiro this past January at the time of her exceptionally easy confirmation [...]
By Larry Doyle on May 8, 2009 in Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), U.S. Treasury, Wall Street | 9 Comments
Can Barack Obama’s horses and men in the persons of Ben Bernanke, Tim Geithner, Larry Summers, Paul Volcker, Rham Emanuel, Sheila Bair, and their minions put Wall Street together again? The glue and putty in the form of trillions of dollars of taxpayer funds and commitments is still wet. Mr. “Humpty Dumpty” Wall Street is [...]
By Larry Johnson on Apr 29, 2009 in Current Affairs, Economy, FINRA | 8 Comments
Larry Doyle first wrote about the fact that FINRA had invested in Auction Rate Securities on January 16, 2009. At that point, and in light of the softball questioning accorded Mary Schapiro in her nomination process as new head of the SEC, Larry wrote, “Let’s Really Question Ms. Schapiro.”
Larry pursued this story with a number [...]
By Larry Doyle on Apr 29, 2009 in Bernie Madoff, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 6 Comments
Every exterminator will tell you that he never finds just one rat. Bernie Madoff has been exposed as an enormous rodent. Is Allen Stanford also a rat? Who else may be in the pack? Mary Schapiro, head of the SEC, revealed yesterday that the SEC is reviewing 150 other hedge funds to determine whether [...]
By Larry Doyle on Apr 16, 2009 in FINRA | 3 Comments
I eagerly await the soon to be released 2008 Annual Report of the Financial Industry Regulatory Authority (FINRA). Prior to its release and in light of all the turmoil on Wall Street over the last 24 months, I thought it may be timely to review the mission and some recent history of the “palace guard,” [...]
By Larry Doyle on Mar 31, 2009 in Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | 5 Comments
Each and every time I read a review of the Auction Rate Preferred Securities market, I come away thinking it was one enormous Ponzi scheme. Let’s review the facts as reported from a just published Bloomberg story of a $4.7 BILLION Settlement by Citigroup and Wachovia with California Auction Rate Investors:
States, student-loan agencies and closed-end [...]
By Larry Doyle on Mar 25, 2009 in American Consumers, Banking Institutions, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | 6 Comments
I have written extensively how Wall Street perpetrated a billion dollar scam in the name of Auction Rate Preferred Securities (ARPS). For our newer readers, ARPS are securities funded by longer maturity underlying loans or preferred shares but marketed as short term cash or money market surrogates. How would that work? Wall Street ran very [...]
By Larry Doyle on Mar 13, 2009 in American Consumers, Economy, FINRA, Sense on Cents (Larry Doyle blog), Wall Street | 18 Comments
The screwing that Americans have taken on the development and marketing of the scam known as Auction Rate Preferred Securities (ARPS) continues. I have written at length on how the regulatory body, FINRA, actually owned $650 million in these securities at calendar year end 2006. I have persistently questioned how a regulatory body could possibly [...]
By Larry Doyle on Mar 11, 2009 in American Consumers, Auto Industry, Bank Bailouts, Bank Nationalization, Banking Institutions, Barack Obama, Commerce, Congress (House & Senate), Credit Risk, Current Affairs, Economy, Equity Markets, FINRA, Lobbyists, Mortgages, Obama Administration, Republicans, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 20 Comments
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***Cross-posted from my blog, Sense on Cents. Come by and visit!
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I will provide my insights and perspectives on Charlie Rose’s interview of Treasury Secretary Tim Geithner last evening. The interview has been broken down into 6 separate clips, with my commentary preceding each clip.
By SusanUnPC on Jan 25, 2009 in American Consumers, Banking Institutions, Economic Stimulus, Economy, FINRA, No Quarter Blog, NoQuarter Radio, Obama Administration, SEC, Tim Geithner | 12 Comments
(bumped down because program has been aired. Click on the links to listen to the program via BTR, or use our easy directions in the right column to subscribe to NoQuarter Radio via iTunes)
Please join us Sunday evening from 8:00 to 9:00 p.m. ET as we discuss a wide array of financial and economic issues [...]
By Larry Doyle on Jan 21, 2009 in American Consumers, Current Affairs, Economic Stimulus, Economy, FINRA, Obama Administration, SEC | 44 Comments
All eyes were fixed on Washington on Tuesday. Prior to addressing dramatic developments in the world of finance, I would like to make a brief comment about the inauguration of Barack Obama from a historical perspective.
I am proud to be an American and revel in seeing the smooth transfer of power. I think back to [...]
By Larry Doyle on Jan 18, 2009 in Christopher Dodd, Current Affairs, Economy, FINRA, SEC | 45 Comments
In light of the disaster that is Wall Street, I do not know if I am simply dumbfounded or merely dismayed by the softball questioning of prospective SEC chairwoman Mary Schapiro yesterday.
With the dissolution of the investment banking model, the massive injections of government capital, and potential indictments of major Wall Street icons in [...]
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