Emily Flitter

Wall Street Insider - Financial News, Headlines, Commentary and Analysis - Hedge Funds, Private Equity, Banks

dealbreaker.com — We don't know if the "old bag" part is true- though it does seem like something someone guilty of "charitable bingo fraud" would say, does it not?- but what we do know is that the reason he got caught years and years later, and ultimately lost his job- was out of one broker's THIRST FOR REVENGE .

REFILE-FINRA director in U.S. resigns after old theft indictment surfaces

reuters.com — The resignation of a regional director for the securities industry's self-regulatory agency came several weeks after the organization received a letter revealing the official was indicted two decades ago for stealing from a bingo charity.

REFILE-FINRA director in U.S. resigns after old theft indictment surfaces

reuters.com — The resignation of a regional director for the securities industry's self-regulatory agency came several weeks after the organization received a letter revealing the official was indicted two decades ago for stealing from a bingo charity.

When Worlds Collide

capitaltonightny.ynn.com — Reuters had one of those six degrees of separation-type stories yesterday involving the New York political world that was worth noting. The wire service reported that Ellen Davis, the top public affairs officer for the U.S. District Court in the Southern District of New York is leaving her post at the end of September to join the public relations group Sard Verbinnen & Co.

Stevie Cohen: the pop star edition

blogs.reuters.com — Hard to believe, there was a time when Steven A. Cohen was not all that well-known on Wall Street outside of the hedge fund industry. Some even used to confuse the then-paunchy hedge fund trader with a popular magician with the same name. But it's true.

Deutsche Bank plans REO-to-rental lending business

reuters.com — The bank will potentially fund smaller investors who want to partake in the US housing recovery by buying up foreclosed single-family homes to rent out, according to two sources with knowledge of the plans.

UPDATE 1-CBOE to settle U.S. SEC charges of regulatory failure

reuters.com — Case mostly hinges on self-policing of optionsXpress * optionsXpress was ordered to pay penalty in related case * SEC says CBOE edited optionsXpress "Wells" notice reply * CBOE says exchange is implementing remedial measures By Sarah N.

FINRA warns investors on alternative mutual funds

foxbusiness.com — Wall Street's industry-funded watchdog warned investors on Tuesday about the risks associated with so-called alternative mutual funds. Alternative funds choose more exotic strategies and asset mixes than their traditional counterparts, and they have been particularly popular in recent years as investors have sought to squeeze out extra yields and protect themselves from a 2008-style market rout.