What is FATCA? The Foreign Account Tax Compliance Act became U.S. law in March 2010 but will take effect around the world on July 1, 2014. The goal of the law is to find offshore accounts held by U.S. taxpayers seeking to avoid paying taxes on them. Under the law, banks from around the world … Read more
by LV Several Wall Street investment bank traders are munching on their lunch, which was hand-delivered from Delmonico’s directly to their desks. The topic of discussion du jour is Michael Lewis’s book, Flash Boys, which targeted them as high speed predators. Their mood is unsettled, even after they pulled down several million dollars earlier in … Read more
by LV In the past few days, an avalanche of interest has been triggered by the introduction of Michael Lewis’s new book, Flash Boys, which sheds light on how high frequency algorithmic traders rip-off honest investors and mutual funds 24/7/365 by stepping in front of their orders to score pennies on their transactions in huge … Read more