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Carried Interest Reform For Hedge Fund Managers, John Ye
Carried Interest Reform For Hedge Fund Managers, John Ye
John Ye
Private investment managers’ compensation has been a hot topic since the 2012 presidential campaign. Candidate Romney’s tax returns were highly publicized by the media. Romney’s effective tax rate for his recent 2011 tax year was a paltry 14%.[1] Compared to the notional tax rates on ordinary income from 10% to 40%, this would seem too low for a well-off member of our society who made over $13 million in 2011.
Romney’s response was simply that it was not unfair because most of his income was derived from his investments. To discuss fully about the rationale behind why our tax …
Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
John Ye
A 2012 article from the New York Times[1] reported that the Federal Energy Regulatory Commission (FERC) had taken aggressive steps against market manipulation in the electricity trading space against large investment banks. Notable cases were taken against Barclays[2], JP Morgan[3] and Deutsche Bank[4].
The fine for Barclays was a steep $469.9 million, which the bank said it would contest. JP Morgan was ordered to suspend selling energy capacity for 6 months. Deutsche Bank, on the other hand, was only fined for $1.5 million. Yet, Deutsche Bank was ready to mount a vigorous defense at …
Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
John Ye
A 2012 article from the New York Times reported that the Federal Energy Regulatory Commission (FERC) had taken aggressive steps against market manipulation in the electricity trading space against large investment banks. Notable cases were taken against Barclays , JP Morgan and Deutsche Bank .
The fine for Barclays was a steep $469.9 million, which the bank said it would contest. JP Morgan was ordered to suspend selling energy capacity for 6 months. Deutsche Bank, on the other hand, was only fined for $1.5 million. Yet, Deutsche Bank was ready to mount a vigorous defense at the time. Unfortunately without …