• US to unveil hedge fund legislation – “The Obama administration will on Wednesday unveil draft legislation that will require all US hedge funds with more than $30m in assets under management to register with the Securities and Exchange Commission.” You knew it was coming. [FT.com]
• Private Equity Industry Says It Poses No Systemic Risk – “The private equity industry’s main lobbying group said Wednesday it supported legislation that would require all firms of a certain size to register as investment advisers with the Securities and Exchange Commission, but urged lawmakers to avoid onerous regulations.” [DealBook]
• Fed Upgrades Economic Projections, but Expect Worse Unemployment – Minutes did not show the over/under of minutes it takes for Hank Paulson’s dismembering of all the members of the Oversight and Government Reform Committee hearing tomorrow. [WSJ]
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Review Comments | 12.07.09
• Court Allows Cuban to Seek Discovery in S.E.C. Case – No one questions Mark Cuban’s patriotism and gets away with it. [DealBook]
• Ohio school will return Petters’ scholarship donations – Miami of Ohio is giving back $5 million that was gifted to establish the John T. Petters Center for Leadership, Ethics and Skills Development. [Pioneer Press]
• Doesn’t Sound V-Shaped to Me – The recovery that is. [Financial Armageddon]
• Fixed assets and year-end planning – Joe Kristan is getting you ready for the upcoming tax prep season. [Tax Update Blog]
• Nonprofit Executive Compensation Changes in 2009 – Charity doesn’t pay like it used to. [Mission Accountable]
Review Comments | 01.05.10
• GMAC sees $5 billion Q4 loss after latest bailout – Nice work guys. [Reuters]
• Deloitte Wins Major Round Re: Alleged Inside Trader Flanagan – “This litigation has forced them to reveal their woefully inadequate policies and procedures regarding independence compliance.” [Re: The Auditors]
• CPA Poll: Are You Securities Licensed? – TPTB have not been appeased. Vote before we’re held against our will. [GC]
• Is Preventing Tax Evasion The Same As Raising Taxes? – Yes? [The Atlantic]
Review Comments | 08.07.09
• Don’t forget to join our group on Facebook!
• Enforcement push gives SEC image boost Let it be known that we still think very lowly of the SEC. [FT.com]
• Ethics Panel Clears Dodd in Countrywide Refinancing If only Chris Dodd had that Angelo Mozilo glow there might have been more of an obvious connection. [Bloomberg]
• A Defense of Bank of America’s Chief FTW Ken Lewis! [DealBook]
• Former Rabbi Charged in $35M Tax Fraud Scheme 3,300 tax returns using the names of prison inmates. [Web CPA via TaxProf Blog]
• D.C. Circuit Slams IRS, Opens Door to Billions of Dollars Telephone Excise Tax Refunds [TaxProf Blog]