For a minute, it seemed like Wall Street was in the clear — about to settle into a boring new post-crisis normal after paying off billions in federal fines and getting weighed down by piles of new compliance rules and paperwork.
From trouble with securities regulators, to a failed high-stakes attempt to shake up the board at Wall Street giant JP Morgan Chase & Co. and a rising chorus of complaints they wield too much power — shareholder proxy firms appear to be under attack. Are these revered investor warriors losing their power to influence boardrooms and critical votes such as takeovers? Advisory firms meekly concede ‘maybe’, while the corporate community resoundingly says ‘no’. Securities watchdogs in the U.S.
NEW YORK (Reuters) - Bonuses at Wall Street firms will rise 15 percent this year despite ongoing pressure from investors, regulators and politicians about compensation levels, according to compensation-consulting firm Johnson Associates Inc.
In his book 'Flash Boys', Michael Lewis attempts to answer the question — what happens to my trade once I hit 'execute' now that high frequency trading firms are in the market?' Here's one answer — your broker sells you trade to a high frequency trading firm in a bundle with a bunch of other trades.