Governance
U.S. SEC issues guidance on cyber security disclosures
October 14, 2011 - A rash of cyber security breaches at U.S. public companies and an outcry from federal lawmakers has prompted U.S. securities regulators to issue guidance for when companies must disclose cyber attacks to investors.
SEC Sanctions Direct Edge Electronic Exchanges and Orders Remedial Measures to Strengthen Systems and Controls
October 13, 2011 - The Securities and Exchange Commission today sanctioned two electronic stock exchanges and a broker-dealer owned by Direct Edge Holdings LLC for violations of U.S. securities laws arising out of weak internal controls that resulted in millions of dollars in trading losses and a systems outage.
Thomson Reuters Survey Finds Hedge Funds Require Flexible Technology to Meet Regulatory Overhaul
October 11, 2011 - Thomson Reuters today announced the results of a survey on the impact of managing risk and compliance in response to new regulations. The survey, carried out during a Thomson Reuters Forum held in September, polled over 90 members of the buy-side trading community on the need for hedge fund managers to establish institutional quality compliance programs to attract investors.