Technology

For years, bankers and buysiders assumed that moving away from conventional messanging services like AOL or the ubiquitous Bloomberg Chat to discuss confidential information, would spare them the attention of regulators and enforcers. That, however, changed today when the UK regulator, the Financial Conduct Authority imposed a fine of £37,198 on a former Jefferies banker for sharing confidential client information over WhatsApp. "The FCA found that Mr Niehaus failed to act with due skill, care and diligence."

Authored by Lauren McCauley via TheAntiMedia.org,

 Privacy advocates on Monday are urging Americans to call their elected officials, warning that there are only 24 hours left to “save online privacy rules” before the U.S. House of Representatives votes on a measure that would allow major telecom companies to collect user data and auction it off to the “highest bidder.”

Since we first highlighted the data, there has been a great deal of attention paid to the post-election divergence between the so-called soft (sentiment) data in the US, and the hard (quantifiable) data.

Morgan Stanley's chief equity and rates strategists note "the divergence is stunning."

What if we were to tell you that for the bargain basement price of just $10,000 per hour you could buy yourself the privilege of a 1-hour conversation with an equity research analyst from a top-notch investment bank, would that be something that might be of interest to you?  While we hate to be overly pessimistic, we're gonna go out a limb and guess that most of you answered in the negative to that question.

Over the past 10 years the number of Bloomberg terminal subscriptions have soared nearly 50% as the number of 30-somethng hedge fund managers looking to strike it rich by charging 'yuge' fees to match the returns of the S&P also skyrocketed.