Sunday, March 11, 2007
Two themes this past week, Globalization and High-Tech Fraud, both of which have been recurrent ones:
1. Globalization -- The SEC held its Roundtable on International Financial Reporting Standards, and Citigroup announced its bid for the troubled Japanese brokerage firm, Nikko Cordial (which is not so troubled that its two largest shareholders could not complain about the low price).
2. High-Tech Fraud -- the SEC announced two big market manipulation scams, one involving computer hacking and the other, dubbed "Operation Spamalot," involving spam email.