do whatever was possible to expedite the process.
But when that information travels only to a privileged few, when it is used to profit at the expense of the investing public, when that information comes by way of favored access rather than by acumen, insight or diligence, we must ask, 'Whose interest is really being served?'.
High-quality and timely information is the lifeblood of strong, vibrant markets. It is at the very core of investor confidence.
A careful balance of 'bright-line' rules establishing clear limits, coupled with greater disclosure, seems both warranted and prudent.
Decimal trading will benefit investors by allowing greater competition and making it easier to compare prices, ... It will also bring about consistency with foreign markets, which now trade in decimals. We look forward to working with the industry to ensure that the transition to decimals goes smoothly.
to close the gap between those in the so-called 'know' and the rest of us in the public.
I worry the best execution may be compromised by payment for order flow, internalization, and certain other practices that can present conflicts between the interests of brokers and their customers.
In the celebration of today's prosperity, I'm concerned that some of the basic but important fundamentals of investing are being lost on investors, or, even worse, being ignored, ... Unless investors truly understand both the opportunities and the risks of today's market, too many may fall victim to their own wishful thinking.
We have an opportunity today that we may not have again in our lifetime, to realize the vision for a true national market system.
The motivation to satisfy Wall Street earnings expectations may be overriding common sense business practices, ... In the process, I fear, we are witnessing a gradual but inexorable erosion in the quality of financial reporting.
They have been compared to a high-tech version of morning gossip or advice at the company water cooler, ... At least you knew your co-workers at the water cooler.
Online investors should remember that it is just as easy, if not more, to lose money through the click of a button as it is to make it.
The SEC is launching more investigations into more big companies than ever before, ... The list of targets includes plenty of Fortune 500 players, including Bankers Trust, Cendant, Waste Management and W. R. Grace.
This is a significant chapter in the commission's and the profession's efforts to reinforce the importance of auditor independence, ... This serious and comprehensive review will enhance investor confidence and lead to improved quality control systems going forward.
After Hank Greenberg has departed, investors wonder whether the company can carry on. They've got to hear that management is solid, picking up the ball from the departure of a very-involved CEO.