The researcher whose report prompted a spike in health stocks last month appears to have relied on lobbyists rather than U.S. government insiders who had direct knowledge of a pending healthcare decision, according to emails reviewed by Reuters. The messages could help bolster Height Securities LLC's claim that its analyst was essentially doing what reporters, lobbyists and others in Washington do every day: trying to figure out what the government is going to do next. The small research shop is among the brokerages, law firms and other "political intelligence" operations that have drawn scrutiny over concerns that they may have facilitated insider trading by passing along tips that moved markets. Height Securities has drawn inquiries from the Securities and Exchange Commission and Iowa Republican Senator Charles Grassley since it correctly predicted on April 1 that President Barack Obama's administration would keep certain medical payment rates in place, prompting
More than a dozen of the biggest U.S. banks have questioned a proposed accounting change meant to boost reserves for risky loans, saying the results would be vastly different from those of a similar rule being developed by global standard-setters. A key reform arising out of the 2007-08 global financial crisis, the proposal would require banks to look ahead and reserve for expected losses on the day a loan is made. Currently, banks do not have to reserve for risky loans until there are signs of a loss. Reserves were criticized as being "too little, too late" during the global crisis, when major banks were buffeted by defaults on loans and other debt. Many had to be bailed out because they had not set aside enough for losses. Numerous banking regulators have called for more timely reserves, though critics have also warned that proposed accounting changes would make quarterly earnings more volatile as banks adjust their expectations for losses.
A Colorado man on Monday was sentenced to more than 15 years in prison for peddling methamphetamine in Alaska and laundering the proceeds, federal prosecutors in Fairbanks, Alaska said. Mario Gutierrez, 40, from Northglenn, Colorado, previously pleaded guilty. Between August 2009 and November 2011, Gutierrez mailed methamphetamine from the Denver, Colorado area to an accomplice, Jess Baird, in Fairbanks. Once the drugs were sold, Baird deposited the resulting cash into a Wells Fargo Bank account belonging to Gutierrez at branches in Alaska. Gutierrez then withdrew the money in Colorado. Between July 2009 and August 2010, nearly $350,000 in cash was deposited into Gutierrez’s bank account. Bank accounts used to move drug proceeds from distributors to suppliers in this manner are known as "funnel" accounts. The abuse of such accounts is commonplace. These transactions earned both Baird and Gutierrez money laundering conspiracy convictions pursuant to Title 18, US Code,
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Hedge Fund Level Global Investors LP co-founder Anthony Chiasson was sentenced on Monday to 6-1/2 years in prison for insider trading. At a court hearing in Manhattan, U.S. District Judge Richard Sullivan also ordered Chiasson, 39, to pay a $5 million fine. Chiasson and Todd Newman, a former hedge fund portfolio manager with the now-defunct hedge fund Diamondback Capital Management, were convicted of conspiracy to commit securities fraud and of securities fraud in December. Sullivan sentenced Newman to 4-1/2 years in prison earlier this month. Federal prosecutors had requested that Chiasson serve as many as 10 years in prison. The two were accused of using inside information to trade in shares of computer maker Dell Inc and chipmaker Nvidia Corp. Level Global made $68 million in illegal profits from the trades, according to prosecutors. (Reporting by Bernard Vaughan; Editing by Gerald E. McCormick)
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We are looking for a researcher who is passionate about conducting online research to provide structured reports. This person will be primarily responsible for Australasia as well as US regulatory lists coverage
Reporting to the Research Manager (Penang), you will be responsible for:
- Maintaining research data currency on breaking world events.
- Conducting in-depth research on specific international issues.
- Analysing a wide range of data sources and produce structured reports.
Profile of a successful candidate:
- Preferably a Bachelor degree in international relations, political science, sociology, security studies, or other social science fields. Outstanding recent graduates will be considered.
- Must possess excellent research (internet), analytical and written skills.
- Must be proficient with MS Office and working on an online environment.
- Excellent ability to work independently, multitask and meet tight datelines.
- Must exhibit excellent professionalism – highly motivated, efficient and ability to manage stress.
- Must be fluent in English.
- Fluency in any other Asian language is an asset
- Exceptional candidates who do not meet these requirements will still be considered
Please note that only shortlisted candidated will be contacted
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Primary Location: Penang, MY
Organization: F&R GRC Fin Crime & Reg Risk
Education Level: Bachelor's Degree (±16 years)
Job Type: Standard
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