SEC Chair Cox Makes Right Decision on Shareholder Nominated Directors

The following article in the WSJ makes no mention of Institutional Shareholder Services nor its parent, Riskmetrics, pending IPO. "Cox, in denying access, puts his SEC legacy on the line," Wall Street Journal, by Karen Scannell, November 29, 2007 This whole debate over prohibiting shareholders to separately forward director nominees is simply a ruse for … Continue reading SEC Chair Cox Makes Right Decision on Shareholder Nominated Directors

Citigroup Bankruptcy Implications: SEC, Fannie Mae, Freddie Mac, Etrade

Today it was announced that a Dubai firm will invest $7.5 billion in Citigroup notes and be paid 11 percent interest, on top of being able to convert the stake to equity in the future. Clearly, these terms indicate how desperate Citigroup has become and should be a wake up call to depositors with large … Continue reading Citigroup Bankruptcy Implications: SEC, Fannie Mae, Freddie Mac, Etrade

RiskMetrics IPO: SEC Chair Cox Silence Imperils Stock Market

Today a leading European financial publication based in the UK, Financial News, published a story regarding RiskMetrics IPO now being reviewed by the SEC. Riskmetrics primary clients are hedge and private equity firms, for which they construct math driven models resulting in many of the derivative based investments that are now destabilizing the financial industry. … Continue reading RiskMetrics IPO: SEC Chair Cox Silence Imperils Stock Market

Enron Style Train Wreck? Oregon PERS, SEC, DeFazio, Fortress, Railamerica

Just as Enron manipulated the power grid to create artificial profits, a private equity firm, Fortress, is now attempting the same game with key railroad infrastructure in the State of Oregon, and using Oregon Public Pension assets to do it. Oregon PERS invested an additional $125 million in Fortress in May 2007 (select May 2007 … Continue reading Enron Style Train Wreck? Oregon PERS, SEC, DeFazio, Fortress, Railamerica

Arthur Levitt Issues Pension Warning, SEC, RiskMetrics, ISS, Gates Foundation

On October 31, 2007 the NY Times wrote a story on former SEC Chair Levitt's public pension concerns yet decided to not include the single most important fact, that being that Levitt is on the board of directors of RiskMetrics, a firm which creates derivative products for hedge funds and is now attempting an IPO. … Continue reading Arthur Levitt Issues Pension Warning, SEC, RiskMetrics, ISS, Gates Foundation

Tektronix Corporation Sale Mirrors Merrill Lynch CEO Attempt to Sell

Tektronix $2.8 billion sale to D.C. based Danaher Corporation is a dramatic example of top executives marketing a company's sale to benefit themselves and thereby breaching its duty to shareholders and other stakeholders. According to the WSJ, Merrill Lynch's CEO has tried the same trick yet the board is now considering firing him over making … Continue reading Tektronix Corporation Sale Mirrors Merrill Lynch CEO Attempt to Sell

SEC Chair Cox called to suspend RiskMetrics IPO due to proxy rule deficiency

Today Parish & Company formally requested the SEC to suspend RiskMetrics IPO due to inadequate disclosure regarding both RiskMetrics and ISS ownership structure. Such disclosure is the heart of proxy rule regulations given proxy firms unique role in the marketplace. In order to remedy this, RiskMetrics needs to file an ADV with the SEC and … Continue reading SEC Chair Cox called to suspend RiskMetrics IPO due to proxy rule deficiency

Should Treasury Secretary Paulson and SEC Bail Out Citigroup and Former Secretary Rubin’s SIV Investments?

Current Treasury Secretary Paulson is now encouraging major banks, led by Citigroup, JP Morgan and Bank of America, to establish a financial superfund of perhaps as much as $100 billion to deal with toxic financil derivative products, often called SIV's. The biggest beneficiary would be the biggest issuer of SIV's, Citigroup and its Vice Chairman … Continue reading Should Treasury Secretary Paulson and SEC Bail Out Citigroup and Former Secretary Rubin’s SIV Investments?

Hedge Funds “Secret Sauce” (ISS) Going Public via Risk Metrics IPO

Institutional Shareholder Services (ISS) was purchased by Risk Metrics in the last year and will now be part of Risk Metrics upcoming IPO, see SEC S1 filing. ISS is the leading proxy firm and its opinions on merger and acquisition activity often determine a merger votes outcome. Sadly, many great companies with solid long term … Continue reading Hedge Funds “Secret Sauce” (ISS) Going Public via Risk Metrics IPO

EU Regulators Examine Reuters Thomson Merger

EU antitrust regulators vowed on Monday to scrutinise Canadian group Thomson Corp's takeover of British financial news and data provider Reuters over concerns the deal could stifle competition. With Rupert Murdoch now owning Dow Jones, parent to the WSJ and Barrons, one has to wonder what it will take for US regulators to more closely … Continue reading EU Regulators Examine Reuters Thomson Merger