Thursday, 24 September 2009

New York Society of Security Analysts welcomes Joe Tanega






Joe's seminar at the New York Society of Security Analysts (NYSSA) turned out to be a smashing success.
Members of the NYSSA we instantly converted into enthusiastic supporters of Joe's ideas of "socially just" securitization!

Viktoria Baklanova organized and chaired the seminar.

NYSSA (www.nyssa.org) has been a leading forum for the investment community since 1937. That year, a small group of security analysts decided to turn their casual lunch gatherings into a series of regular meetings. They held an organizational luncheon in a private dining room of the New York Chamber of Commerce. It was there that NYSSA was conceived, with a membership of approximately 20 analysts, including Benjamin Graham, the “father of securities analysis” and one of the most influential men in the history of finance. In September of that year, the Society held its first formal program, at which Lawrence Klybert of Alexander Eisemann & Co. spoke on “Options – Their Effect on the Market Price of Stocks.” By 1939, the Society had grown to 82 members. Today, with more than 11,000 members, NYSSA is the largest of the more than 135 societies worldwide that comprise CFA Institute.
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Sunday, 20 September 2009

Interviews with Academics at the University of Westminster

Academics discuss what they do. I also talk about some of the things we do in the Advanced Legal Studies Department.


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Wednesday, 16 September 2009

Philosophical Foundations of Law and Finance - 30th Weekly Meeting

Dear all

You are kindly invited to the 30th Session of the Philosophical Foundations of Law & Finance on Friday 18 September, at 6:00pm - 8:00pm, in room 501, 309 Regent Street (University of Westminster).

We shall continue with Aristotle's Metaphysics Book I. See http://classics.mit.edu/Aristotle/metaphysics.1.i.html

We shall also discuss Judge Rakoff's recent decision castigating the US SEC and throwing out the proposed settlement between BofA and the SEC:
http://www.scribd.com/doc/19738938/Judges-Rejection-of-SECBank-of-America-Settlement (This document was provided by courtesy of Edmond Curtin).

As it is our best tradition after the session we regenerate at Vapiano...

We hope to see you then!

Joe and Laura
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Wednesday, 9 September 2009

The Global Reach of Students


The Department of Advanced Legal Studies has always tried to inculcate an enterprising spirit in its students. When we see manifestations of this we shall bring it to your attention.

Three of our International Commercial Law, and one Dispute Resolution, masters students have started this year a blog on commercial law: Commercial Law International ("Commercial Awareness is Global"). The students are Ainsley Brown (Canada), Carsten Lexa (Germany), and Stephane Apitha (Mauritius). There is also Charles Kamau Wanguhu (Kenya) who took our masters in International and Commercial Dispute Resolution.

Recent posts include articles on the Indian newsprint industry, Airbus state aid, and Lehman Brothers' internal struggle between its European and US arms.

Commercial Law International lives up to its name by virtue of its coverage and the global reach of its contributors. We applaud this venture.

We shall be reporting on other ventures by our students, former and present.
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Wednesday, 19 August 2009

Radha D'Souza Discusses Maoist Violence in India on Al Jazeera's Inside Story

Dr Radha D'Souza appeared on Al Jazeera's Inside Story to discuss the Indian government's crackdown on Maoist violence.



The link can also be found here
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Tuesday, 18 August 2009

The Financial Crisis and the Philosophy of Truth

(Thanks to the New Yorker)

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Wednesday, 5 August 2009

Madoff-related Feeder Fund -- A Fraud of Comic Proportions

You are all welcome to attend the 27th Session of the Philosophical Foundations of Law and Finance to be held from 6 to 8pm in room 501 (or next door) at 309 Regent Street, London.

We will examine Madoff-related feeder fund fraud complaint, In the Matter of Fairfield Greenwich, complaint filed on April 1, 2009, in the state of Massachusetts. See http://www.sec.state.ma.us/sct/sctfairfield/Fairfield_Complaint_1_of_2.pdf.

Although we should not laugh at the misery of others, there is something of the untidy, rough hewn and risible about very rich managers entrusted with clients' funds who are totally blinded by their own marketing propoganda and unjustifiable fees and who fail at every opportunity to detect the biggest fraud, which happens to be the elephant in the room leaning right up against their noses and bellies. Even if you feel dour, you may find yourself laughing when you read this complaint!

If you have ever felt that investment managers get paid way too much money for being mediocre or ever wondered how bad purported experts in investments could be, then I would encourage you to come. The Fairfield complaint presents lots of howlers and on a serious note, it should give us some sense of proportion of how much more vigilant and Socreatic we should all be.

I am writing a short article on how the Fairfield and SEC v. Chais (June 22, 2009) complaints can be translated into a risk management and compliance checklist for the detection of Ponzi-scheme frauds.

After the readings and discussion, we'll continue at Vapiano's for a bit refreshment.
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