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Wall Street Bands Rock Out for Charity

Oct 29, 2009 @ 09:23 AM By Ivy Schmerken,

Despite the tough environment for fundraising, Wall Street employees are still finding ways to give back to their communities. Tonight, mortgage traders and other fixed income professionals who play in Wall Street bands are hoping to have fun and raise a ton of money.

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Liquidnet In Rwanda

Oct 29, 2009 @ 09:20 AM By Ivy Schmerken,

There are many other examples of charitable works driven by Wall Street employees. Check out the amazing work that global electronic marketplace Liquidnet is doing in Rwanda, where it’s the primary corporate partner developing the Agahozo-Shalom Youth Village (ASYV), an innovative concept to help traumatized orphans caught in the 1994 Rwandan genocide.

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ITG Testifies at SEC Hearing on Dark Pools, Etc

Oct 28, 2009 @ 10:51 AM By Kerry Massaro,

Bob Gasser, CEO, of ITG is testifying today before the Senate Subcommittee on Securities, Insurance, and Investment Committee on Banking, Housing and Urban Affairs on the topic of dark pools, flash orders, high frequency trading and other market structure issues.

His testimony can be read :
http://www.itg.com/news_events/Senate_Testimony_102809.pdf

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Madoff Friend Jeffrey Picower Takes Secrets to His Grave

Oct 27, 2009 @ 12:03 PM By Ivy Schmerken,

Bernard Madoff’s billionaire friend Jeffry Picower, who was found dead at the bottom of a pool on Sunday at his Palm Beach mansion, was the biggest beneficiary of the Madoff scam, according to this ABC News video report.

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Madoff Workplace Allegedly Rife with Cocaine, Sex

Oct 22, 2009 @ 09:16 AM By Kerry Massaro,

And the saga continues. CNN's Chloe Melas reports on a recent lawsuit filed by former Madoff investors claiming that "Madoff's workplace was rife with cocaine and sex." The 264-page law suit claims Madoff "financed a cocaine-fueled work environment and a "culture of sexual deviance."" The complaint alleges Bernard Madoff Investment Services was known by insiders as the ""North Pole", in reference to the excessive amount of cocaine use in the work place." The law suit also
claims that "Madoff diverted money to his London, England, office when he believed federal authorities were closing in at home."

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Schumer/Niederauer Call on Regulators to Create Level Playing Field for Dark Pools and Exchanges

Oct 20, 2009 @ 11:35 AM By Kerry Massaro,

A media advisory from Senator Charles Schumer’s (D-NY) office was released today announcing that he will hold a conference call with Duncan Niederauer, CEO of NYSE Euronext today at 12:30 to urge the Securities and Exchange Commission to institute a series of reforms to better regulate dark pools.

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Revelations from Book "Too Big To Fail"

Oct 20, 2009 @ 10:59 AM By Ivy Schmerken,

New York Times Reporter Andrew Ross Sorkin discussed his new book “Too Big To Fail” with CNBC today in which he discloses some behind-the-scenes conversations that took place at Goldman Sachs and at Lehman Brothers when Wall Street was forced to work with Washington to save the banking system.

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Penson's Letter To SEC On Matt Taibbi

Oct 7, 2009 @ 04:29 PM By Kerry Massaro,

Check out this developing story on Penson Financial Services, which was accused of a serious securities law violation (approving a large naked short) by Rolling Stone columnist Matt Taibbi. Penson wrote a letter to the SEC denying any wrong doing.

Here is a story that appeared in The Business Insider that recounts what happened.

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Speculating on Ken Lewis's Successor

Oct 1, 2009 @ 11:16 AM By Ivy Schmerken,

With all the talk about Bank of America’s controversial CEO Ken Lewis announcing that he will step down at the end of the year, media outlets are speculating on the succession race. Will BofA stick to its traditional roots by naming a banker, or will it go outside and bring in a Wall Street executive, perhaps with ties to Merrill Lynch?

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DirectEdge's New Data Center

Oct 1, 2009 @ 10:59 AM By Kerry Massaro,

As DirectEdge plans to roll out two new next gen trading platforms, it sent the below note to it's users:

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