Being a pioneer is tough and risky. It takes courage, skill and more than a little luck. And for every Lewis and Clark there are dozens who meet less glorious ends. That’s the lesson for Netflix, whose attempt to be a pioneer in the use of social media has run afoul of the Securities and […]
As reported today, the US Securities and Exchange Commission has introduced guidance for financial firms related to reporting of their European debt exposure. The SEC issued its recommendations to address the inconsistent approach firms have used to disclose their risk to sovereign and private borrowers: “In response to our comments on their disclosure documents, registrants […]
The U.S. Securities and Exchange Commission on Tuesday sued Life Partners (NASDAQ: LPHI), a major dealer in the secondary market for life insurance policies. Life Partners and other financial firms have been at the forefront of the “life settlements” industry, which purchases life insurance policies from individuals, usually seniors, for a lump-sum and collects the […]