Corporate protests such as picketers can hurt a company stock price. But what are the effects of shareholder activism on social issues? A new study shows that it too has consequences, even when it seems to do nothing in the short term.
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High-frequency trading firms are taking a battering as lawsuits, sluggish markets and regulators combine to curb the excesses of this once unassailable industry.
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Bringing quantitative analyses to the debate over high-frequency trading, two working papers recently made available by the SEC's Division of Economic and Risk Analysis present economic models suggesting that there are market benefits from certain forms of high-frequency and low-latency trading. In light of the ongoing interest in high-frequency trading among various regulators, the recognition of market benefits is an important development.
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With the close of another year quickly approaching, it is time again for public companies to get equipped with the developments of the past year in order to position themselves for success in 2015. A review of previous years' updates and a summary of the current and anticipated changes to disclosure regulations for the 2015 proxy season are outlined.
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The Securities and Exchange Commission is publishing a list of rules to be reviewed pursuant to Section 610 of the Regulatory Flexibility Act. The list is published to provide the public with notice that these rules are scheduled for review by the agency and to invite public comment on whether the rules should be continued without change, or should be amended or rescinded to minimize any significant economic impact of the rules upon a substantial number of such small entities.
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Here are our thoughts on what to expect in the structured products
area in 2015.
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Institutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis) have both released updates to their Canadian proxy voting recommendation guidelines for the 2015 proxy season. The items updated include those pertaining to the definition of independence, advance notice requirements, by-law amendments, private placements, treatment of majority voting policies, shareholder rights plans and advance notice policies.
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The proposed changes to the rights offering prospectus exemption will simplify and streamline the process by which rights offerings can be used. A summary of some of the key changes is set forth in this article.
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Traders face a push by European Union regulators against dark pools and other concealed trading amid warnings from the financial industry that the transparency drive could hamper the functioning of markets.
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The Financial Accounting Standards Board said Thursday the the 2015 GAAP Financial Reporting Taxonomy is now available, although it is pending final acceptance by the Securities and Exchange Commission.
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IIROC is publishing academic papers prepared by three of the four academic teams selected
by IIROC to assess the impact of high frequency trading (HFT) and related activity on
Canadian equity markets. We expect the remaining two papers from the fourth team to be published by the summer of 2015.
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The Canadian Securities Administrators today published proposed amendments to a number of national and multilateral instruments, including NI 41-101, NI 44-101 and MI 61-101, intended to ensure that the rules applicable to issuers listed on senior recognized exchanges in Canada (for example, the TSX) also apply to those listed on Aequitas Neo Exchange.
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