The Art of Vulture Investing: Adventures in Distressed Securities Management (Wiley Finance, 2012).
FORBES: What's The Story With Dex Media And Why Is It So Darn Cheap?
From 1989 through 2004 I left the practice of investment management law and became involved in the securities and money management industries.
FORBES: The Future of the Consulting Industry Speech, (September 19, 2005)
What is involved is a very complex intersection of law, securities and money management.
FORBES: Murders and Pensions: The Need for Forensic Investigations (March 28, 2006 )
These myths are propagated by the securities and money management industries, pension officials and regulators.
Many securities and investment management practices are outdated and have lost their utility.
Recent incursions by technology savvy entrepreneurs into the securities and investment management industries have been refreshing but winning combinations failed yet to surface.
Thankfully, we are in the midst of a period of radical change in thinking about the securities, money management and now finally, pension industries.
FORBES: Freakonomics: The Hidden Side of Managing Money ( September 2, 2005 )
The work is somewhat legal in nature but frequently focuses upon little-known business practices which may be commonplace in the securities or money management industries but are, on occasion, especially harmful.
Late Monday, Morgan Stanley confirmed its board had authorized management to pursue a spinoff of Discover, which it says "reinforces" its strategy to be an integrated firm focused on institutional and retail securities and asset management.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
Central to the U.S. pension problem is the fact that the U.S. Securities and Exchange Commission, charged with protection of investors in the securities markets, has seldom provided advice specifically for protection of participants in pensions and the U.S. Department of Labor lacks sufficient understanding of the securities and asset management industries to provide guidance to sponsors of and participants in pensions.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
So much for the DOL. The Securities and Exchange Commission, on the other hand, is highly knowledgeable about money management and securities but is subject to political pressures and has seldom ventured into pension matters.
All three are now deeply motivated to focus on their securities servicing and asset management divisions.
Limitations of liability are generally not permitted under the federal securities laws in money management contracts.
Others include leasing, credit and debit cards, asset management, securities broking, pensions and insurance.
The investment management and securities industry is clearly riddled with conflicts of interest.
FORBES: Compelling Pension Consultant Disclosure (June 1, 2002 )
One person may argue that all index investing is active management because securities are constantly changing within an index.
Since 1998, we have written many articles concerning the pervasiveness of personal trading abuses in the money management and securities business.
From our experience we have learned wrongdoing in the money management and securities industry is far more pervasive than the public is aware.
By shedding retail, Renyi would be taking a step that two other so-called processing banks have made in recent years to concentrate their businesses on securities servicing and asset management.
Tenet 6: The prevalence of secret, sealed settled cases of fraud and wrongdoing in the money management and securities industry is so substantial as to effective undermine the regulatory scheme.
FORBES: Pension Consultant Conflicts of Interests (April 1, 2002 )
Corporate plans: The Department of Labor, the agency charged with regulating corporate pensions, generally lacks knowledge of the money management and securities industries, has offered little meaningful guidance to corporate sponsors on these issues and has been even less effective in investigating wrongdoing and enforcing the laws.
In October, the China Securities Regulatory Commission introduced new rules relaxing restrictions on securities companies offering wealth-management services.
In a taxable portfolio holding dozens of funds or securities, overly active tax management can get sloppy and expensive.
Other stockholders include investment firms Trueway Company and Gainway Enterprises, JPMorgan Securities Japan and Nomura Asset Management, and banks holding stakes for Japanese mutual funds.
FORBES: Why Trend Micro Founder Eva Chen Is Not On The List Of Taiwan's 40 Richest
Last fall, as Merrill careened with exposure to mortgage securities, the company under previous management approached Wachovia about a deal.
For example, the "Big Bang" financial deregulations include liberalizing foreign-exchange transactions, lowering securities trading costs and opening securities underwriting and investment-trust management to new players.
DG's Mr Thiemann has been instrumental in centralising the mutual banks' asset-management, payments and securities businesses, which should boost efficiency and reduce problems at outlying banks.
The case against Raj Rajaratnam and Galleon traces back to a 2007 civil insider-trading investigation involving Rengan Rajaratnam's hedge fund, Sedna Capital Management, by the Securities and Exchange Commission.
It thrives thanks to its securities-processing and investment-management businesses.
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