In September 2015, Investors Exchange (“IEX”), a company that became a symbol of the fight against high frequency trading submitted a proposal to the Securities and Exchange Commission (“SEC”) to create the first new American stock exchange in five years.1 This proposal has created a fierce debate over how to solve problems created by increasingly…
Author: Amella Viso
Effect of the Devaluation of the Yuan on China
On August 11, 2015, the People’s Bank of China (“PBOC”), the central bank of the Republic of China, first devalued Chinese currency, the yuan.1. What exactly does this mean? The Chinese government changed the way that the currency was valued and this therefore caused a decrease in value. The value of the yuan was previously…
Is there an Under-Criminalization of White-Collar Crimes in the United States?
The number of federal white-collar criminal prosecutions in fiscal year 2015 will be approximately 37 percent lower than the number of prosecutions in 1995.1 In a paper published in November 2015, Rena I. Steinzor, a law professor and Center for Progressive Reform scholar, contends that “we have an under-criminalization [of white-collar crimes] problem” in the United…
Made-in-America Clothing Retailer, American Apparel, Files For Bankruptcy
On October 5, 2015, the Los Angeles, California based American Apparel, Inc. (“Company”) filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the District of Delaware.1 The next day, on October 6, 2015, the Company announced that the staff of NYSE Regulation, Inc. determined to suspend trading immediately and commence proceedings to delist…