Archive for January 16th, 2009
Ms. Schapiro Goes (Back) to Washington
By David Feldman at 16 January, 2009, 11:27 am
I listened in geek-like to C-SPAN’s coverage of some of SEC Chairwoman-designate Mary Schapiro’s Senate confirmation hearing yesterday. Remember she is not only the head of Finra, she is a former SEC commissioner. Here are some bullets:
1. She supports the regulation of hedge funds.
2. She want the SEC to have more enforcement power.
3. She wants risk assessment capability to ”permeate everything [...]
Tip of the Week: Watch Out for Time Pressure
By David Feldman at 16 January, 2009, 5:28 am
A common practice with problem partners or shell owners involves insisting a deal must be consummated quickly. In too many cases, the shell operator pressures a private company’s principal to ignore his attorney’s entreaties to ensure that full due diligence is completed. “We have another candidate for the shell,” or “You know our shell is clean, what’s all this need for due diligence?” are common themes in deals. Be suspicious of these tactics.
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