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Special Report on

Why Late Trading Is Illegal

why late trading is illegal special research report Photo by disinfo.s3.amazonaws.com
Academic researchers typically work in obscurity, but in a growing number of celebrated cases their relentless sleuthing is prying the lid off industry-wide financial fraud and improprieties that manage to elude the watchful eye of regulators. By detecting and interpreting unusual statistical patterns or flawed practices, these researchers have set off early-warning alarms in such murky areas as subprime loans to risky borrowers, backdated securities options, improper trading procedures (a.k.a. late trading and market timing), and collusion among initial public offering underwriters. Their published studies have led to major ...
A UN report said the global drug trade generated an estimated US$321.6 billion in 2003. With a world GDP of US$36 trillion in the same year, the illegal drug trade may be estimated as slightly less than 1% of total global commerce. Consumption of illegal drugs is widespread globally.
REVIEWS AND OPINIONS
Too late to save Britain - it's time to emigrate | The Spectator
David Selbourne is a political philosopher and theorist. This article appeared in the magazine last week; it is an edited version of his speech for a Spectator debate on the motion, ‘Too late to save Britain. It’s time to leave.’ ' Part of me feels that those who have helped to bring the country down — venal politicians, false educators, degraders of the media, thieving privatisers of the public domain — need to be fought to a standstill, here on this battlefield, by those with the energy, strength and clarity of mind to do so. For no one wants to believe that the country of his birth, ... market research, surveys and trends
Timing the Market for Profitable Stock Investment
It is a fact that we can use the market’s trend as an ally in the buying and selling of our stock positions. This is possible because the market signals when it is starting a new bullish trend or a new bearish trend. You can know whether or not the market will support you if you bet on a stock rising, or on a stock declining. Investors can learn to time the market profitably. A few years ago, there were many news articles about “Market Timing” and the notion that it is illegal. In their ignorance, reporters blurred the difference between illegal and legal “timing.” The illegal form of timing was in ... market research, surveys and trends

SURVEY RESULTS FOR
WHY LATE TRADING IS ILLEGAL

How Widespread is Late Trading in Mutual Funds? Eric Zitzewitz ...
which includes 75 percent of non-specialized equity mutual funds and 48 percent ... sample, annual losses to late trading would be approximately $400 million per year. ... The degree to which funds were aware of illegal late trading in their ..... It is therefore a puzzle why so many international fund arbitrageurs ... industry trends, business articles and survey research
Eliot Spitzer is a wimp. - By Daniel Gross - Slate Magazine
The likely future governor of the Empire State, Spitzer has emerged as the scourge of the mutual fund and financial services industries. Working with the Securities and Exchange Commission, and occasionally with other state regulators, Spitzer has systematically publicized white-collar sleaze, then extracted settlement packages from many of the large companies practicing it. The packages typically involve a combination of profit disgorgements, penalties, restitution, and fee reductions. Last September he reached a settlement with Canary Capital Partners on issues relating to the hedge fund's secret deals with mutual funds ... industry trends, business articles and survey research
RELATED NEWS
On Budget, Deals Are Made But Votes Are Not "Traded"*
In politics, as with life, one must give in order to get. That poetry's been in motion in San Francisco politics for the better part of a month: Mayor Gavin Newsom repeatedly said he would not sign the city's budget unless the Board of Supervisors dropped from consideration several charter amendments that, if passed by voters in November, would have taken away some appointment powers from the Mayor. And last night, deals were made and compromise reached when progressive supervisors finally agreed to drop the offending measures in exchange for Newsom's pledge that he'd sign their budget. No big deal, right? ... market trends, news research and surveys resources
"South Park" critic in Va. court on terror charge
A Virginia man known for a threatening the creators of "South Park" is due in federal court on charges of offering himself as a fighter to a Somali terror group linked to al-Qaida. Twenty-year-old Zachary Chesser of Oakton, Va., was scheduled to make an initial appearance Thursday in U.S. District Court in Alexandria. FBI agents say Chesser twice tried to travel to Somalia to join al-Shabab as a fighter. An FBI affidavit says he was stopped once by his mother-in-law and the second time was told he was on the no-fly list. Chesser is charged with providing material support to a terrorist group. He is not charged for an ... market trends, news research and surveys resources

INFORMATION RESOURCES

How Widespread Was Late Trading in Mutual Funds? (Session ...
the contribution of late trading is modest, however. It is therefore a puzzle why so many international fund arbitrageurs engaged in illegal activity to ... technology research, surveys study and trend statistics
Press Release: SEC Charges Ritchie Capital Management, CEO and ...
— The Securities and Exchange Commission today announced a settled enforcement action against a hedge fund, its investment adviser, its founder and CEO, and two employees for their roles in an illegal late trading scheme. The SEC charged hedge fund Ritchie Multi-Strategy Global Trading Ltd. and its Chicago-based adviser — Ritchie Capital Management LLC — as well as Ritchie Capital’s founder and CEO A.R. Thane Ritchie and employees Warren DeMaio and Michael Mauriello. They will pay a combined total of approximately $40 million to settle the SEC’s charges. These payments will be distributed to the ... technology research, surveys study and trend statistics
REAL TIME
WHY LATE TRADING IS ILLEGAL
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QUESTIONS AND ANSWERS
How does "after hours" stock trading work? | Ask MetaFilter
How does "after hours" stock trading work? Is it something a small time stockholder can take advantage of, or only for the big wheels? The recent rise of Apple (after the Macworld address and earnings report), for example, happened almost entirely after hours. How can someone who owns a few shares take advantage of this? You can't. You can only sell them at market open the next day. Unless you, say, run a mutual fund with billions of assets. Then you can probably do it, but you wouldn't need AskMeFi to tell you how. Generally, late trading, as it's known, is illegal. (Don't fuck with Spitzer while he's ...
What is opium?? Why was it illegal in China?? - Yahoo! Answers
Opium is the pure form of heroin, methadone, morphine and is also used in all types of perscribed pain killers like oxycodine. Its illegal for many reasons as you can see and is highly addictive. There used to be smoke houses all over china for this. Asker's Rating: Asker's Comment: thanks There are currently no comments for this question. * You must be logged into Answers to add comments. Sign in or Register . Opium is a narcotic formed from the latex released by lacerating (or "scoring") the immature seed pods of opium poppies (Papaver somniferum). It contains up to 16% morphine, an opiate alkaloid, which is most ...