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...The top US securities regulator has played down the impact on hedge funds of a new rule tightening oversight of the Treasury bond market, telling the Financial Times that they are not the main target....
...Gary Giulietti, the head of brokerage firm Lockton Companies, said in an affidavit to the court that he had been hired by Trump to secure the bond for the fraud case, but “despite scouring the market, we...
...This means that if a bank lends cash to a hedge fund in exchange for temporary ownership of a Treasury bond, and the value of the bond decreases just as the hedge fund defaults on the trade, the bank loses...
...It has also been used to target the Hells Angels, junk-bond king Michael Milken, Fifa and most recently Donald Trump in criminal cases....
...Under Gary Gensler, SEC chair, the regulator has enacted a sweeping series of corporate and market reforms....
...Find Gary @garyseconomics on YouTube, X, Facebook, Instagram and TikTok. Read Gary Stevenson’s recent FT Magazine profile by Miles Ellingham....
...Gary Gensler, chair of the Securities and Exchange Commission, told my colleagues Kate Duguid, Stefania Palma and Costas Mourselas in an interview that they are not the main target....
...Often referred to as “hybrid” bonds, the instruments are designed to absorb losses to stabilise a bank in severe difficulty....
...Blue-chip stocks in the US produced their best one-day gain in a month and bond yields tumbled on Wednesday after the central bank forecast it would implement 75 basis points worth of cuts next year....
...Elsewhere on Friday: — Pickleball wars (404 Media) — Gary Gensler has remade the SEC into a crypto nemesis and climate warrior....
...Gary Giulietti, an insurance broker for Trump, estimated his client would need to scrape together $557mn in cash equivalents and pay a fee of $18.5mn to cover a $464mn surety bond....
...One day in 1958, when Ian Fleming was working on his seventh Bond novel, his golf buddy mentioned Goldfinger as they strolled between holes....
...Yesterday the SEC’s Gary Gensler gave an interesting speech laying out his own views. You can read the whole thing here....
...New York Magazine has an excerpt from The Trading Game, a memoir by Youtuber Gary Stevenson about working on Citi’s London Stirt desk in the early 2010s....
...But he adds that “in executing his duty, Gary can be tough on people”....
...“I think it’s appropriate that we work with central banks . . . and consider the possibility of shortening the currency trading settlement cycle as well,” Gary Gensler said at an EU roundtable....
...The vote builds on efforts by SEC chair Gary Gensler to reform the multitrillion market underpinning the US financial system....
...That dualism could be seen above all in the person of the late Shinzo Abe, Japan’s longest-serving prime minister ever, who in 2016 flew to New York immediately after the US presidential election to bond...
...In May, the US, Canada and Mexico will move from two-day to single-day settlement for stocks, bonds and exchange traded funds....
...Natixis senior economist Gary Ng said the revelations raised the question of whether there were “more hidden financial tricks” in Evergrande’s financial reports....
...NAV redemptions for mutual funds are also why the SEC in 2022 proposed to introduce swing pricing to mutual funds, which would pass on the transaction costs of redemptions to exiting investors As chair Gary...
...“Such a move is somewhat expected, but it still casts a shadow over the already slow restructuring process,” said Gary Ng, a senior economist at investment bank Natixis....
...“[The new rules] will reduce risk across a vital part of our capital markets in normal times and stress times,” said Gary Gensler, chair of the SEC....
...Its struggles are bad news for investors in its 2021 bond issuance....
...They said the “best comparison” to Bankman-Fried was the “junk bond king” Michael Milken, who served just two years after pleading guilty in 1990 to violating US security laws before going on to become a...
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