by Kristy T. Harlan and Vincent J. Pisano
On July 21, President Obama signed the Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). A change to the definition of "accredited investor" under the Securities Act of 1933, takes effect immediately and may impact issuers...
Was it Fannie Mae? Was it the lack of regulatory
oversight? Was it the rating agencies? Was it pure greed?
Yes, yes, yes and yes. Plus, there were lots of other
Bethany McLean and Joe Nocera put together an insightful
look at the many factors that created the housing bubble and amplified...
The UK accounting firms' response to the "pressure" on
their industry post-crisis has been sharp, quick, and on message.
But the "pressure" itself feels like a strategy
orchestrated by the audit firms to force legislators to grant their wishes
under the mistaken assumption...
The SEC and the U.S. Attorney for the District of
Connecticut filed, respectively, civil and criminal fraud charges against a
former account executive at Jefferies & Co. arising out of the financial
crisis. The charges center on the sale of mortgage backed securities or MBS to
In one of the most significant market crisis cases to
date, the former Global Head of Structured Credit Trading at Credit Suisse pleaded
guilty to a conspiracy charge based on falsifying asset values which ended with
the financial institution to take a $2.65 write down. Kareem Serageldin was