John Lothian Newsletter: Trustees settle over MF Global assets, Top 10 (or 12) 2013 Predictions, 2013 will be a watershed for financial reform, Madoff, in Christmas Eve Letter

December 26, 2012:  We’re back after a short Christmas holiday. Today’s issue features a number of predictable prediction stories for 2013, including one from former IMF economist Simon Johnson and another from Forbes.  There is also a  break though in the bankruptcy...

Trading Industry Hit by Recession

The world of trading is experiencing a recession. If you were to define industry GDP as traded and cleared volumes times commissions and fees, we would have experienced two consecutive quarters of lower GDP in futures, equities and options markets.   Besides this...

MF Global Report Points Out the Weak Spots

There isn’t much left out of the June 4th report from MF Global Trustee James Giddens “Report of the Trustee’s Investigation and Recommendations.” It’s a thorough 181 page (275 if you count all the charts and graphs at the end) Titanic journey of MF Global under Jon...

Self-Interest of a Customers’ Man

“John is looking out for his self-interest,” said a reader.  “John must be out money,” said another. It is often assumed that what motivates each of us is our own self-interest.  We could not take a breath without that being true.  We have to breathe. I am not without...

Competition is the Key

I believe in competition. We need competition in regulation. Creating competition in the Self Regulatory Organization sector I believe should be part of the plan to restore customer confidence in our markets. I started thinking about this as reports surfaced that the...

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