Tagged: Tamar Frankel

Ex-Madoff employees arrested

Two former employees of Bernard Madoff have been arrested and charged with securities fraud in connection with Madoff’s Ponzi scheme to defraud investors of billions of dollars. Law professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroads,” says a massive fraud like this cannot […]

Financial regulatory bill agreed on

House and Senate conferees finally worked out a compromise bill aimed at reshaping financial regulations to avoid another Crash of ’08, with a final vote set for next week and President Obama expected to sign it by July 4th.  As expected: many winners and losers.  One controversial provision gives the SEC authority to require stockbrokers to […]

J.P. Morgan hit with record U.K. fine

British regulators fined investment bank J.P. Morgan Chase a record $48 million for failing to keep client money separate from the firm’s money — from 2002 when Morgan merged with Chase until mid-2009 — which put client money at risk had the company gone insolvent.  Law Professor Tamar Frankel, an authority on securities law and […]

Regulators too close to oil industry

The Interior Department’s inspector general issued a report showing an all-to-cozy relationship between the department’s Minerals Management Service and the oil industry that it was supposed to be regulating.  Law Professor Tamar Frankel, author of “Trust and Honesty: America’s Business Culture at a Crossroad” and an authority on legal ethics, says the problem of regulators […]

Fiduciary and investment banks

On the heels of allegations that Goldman Sachs took advantage of clients during the mortgage-market collapse, Congress reportedly is considering new legal standards for investment banks when they deal with customers.  Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says slapping fiduciary […]

Skilling gets SCOTUS appeal

Convicted Enron CEO Jeff Skilling will get the chance to appeal to the U.S. Supreme Court his federal conviction on conspiracy, securities fraud, insider trading, and lying to auditors.  Law Professor Tamar Frankel, an authority on securities law and legal ethics, says it shouldn’t matter whether a manager directly or indirectly benefited from a wrongful act. […]