The Flawed State Of Broker-Dealer Regulation And The Case For An Authentic Federal Fiduciary Standard For Broker-Dealers

THE FLAWED STATE OF BROKER-DEALER REGULATION AND THE CASE FOR AN AUTHENTIC FEDERAL FIDUCIARY STANDARD FOR BROKER-DEALER

On the existence of initial data containing isolated black holes

We present a general construction of initial data for Einstein's equations containing an arbitrary number of black holes, each of which is instantaneously in equilibrium. Each black hole is taken to be a marginally trapped surface and plays the role of the inner boundary of the Cauchy surface. The black hole is taken to be instantaneously isolated if its outgoing null rays are shear-free. Starting from the choice of a conformal metric and the freely specifiable part of the extrinsic curvature in the bulk, we give a prescription for choosing the shape of the inner boundaries and the boundary conditions that must be imposed there. We show rigorously that with these choices, the resulting non-linear elliptic system always admits solutions.Comment: 11 pages, 2 figures, RevTeX

Protecting the Retail Investor in an Age of Financial Uncertainty

This essay, originating in a presentation made at the University of Dayton School of Law\u27s Fallout from the Bailout Symposium on March 20, 2009, first sets forth some comparisons between other recent financial crises and the 2008 financial meltdown. It then provides an assessment of the SEC\u27s role during the financial crisis and concludes with a review of the key provisions of the Obama Administration\u27s proposed financial regulatory reform that affect the SEC and investor protection. The Obama proposal offers no redesign of the SEC, relying instead on SEC Chairman Mary Schapiro\u27s commitment to re-energize and re-commit the agency to investor protection. It remains very much to be seen whether these efforts will be sufficient to protect the retail investor from future fraud and to restore her confidence in the markets