If anything, FINRA and the SEC are compounding a problem. They’re regulating unevenly. The result is that bad guys have a place to hide—or to reinvent themselves.
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Tag archive for ‘Danny Pang’
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Should the SEC Tweet?
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Top Ten Ways to Spot Financial Fraud
With this question in mind, I offer the “Top Ten Ways to Spot Financial Fraud.” The list won’t make Letterman. But the purpose isn’t to be funny. It’s to help you identify the bad guys through “touch and feel” rather than in-depth knowledge of the capital markets.
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Raiders of the Rubber Chicken Circuit
Not another Ponzi scheme. The lineup of disgraced financiers is growing. Danny Pang is the newest entrant. Earlier this week, the Wall Street Journal (“WSJ”) reported that authorities are investigating his firm for…you guessed it…a Ponzi scheme. At stake are $4 billion in assets under the control of Private Equity Management Group. The picture in [...]
Jimmy Cusack is the tough kid from a blue-collar neighborhood who made good on Wall Street. Well, almost. After a sterling start to his career, things have soured. His hedge fund has collapsed. The bank is foreclosing on his condominium. And his wife is three months pregnant. That’s the good news.
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