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January 06, 2009
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Did You Know?    
 
 
Variation Margin: Payment made on a daily or intraday basis
Variation Margin: Payment made on a daily or intraday basis by a clearing member to the clearing organization based on adverse price movement in positions carried by the clearing member, calculated separately for customer and proprietary positions.

 


  Securities News  
 


Latest news about securities cases in Connecticut and nationwide:

Former Currency Trader Sentenced To 5 More Years For $3 Billion Ponzi Scheme
MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that MARTIN A. ARMSTRONG, a former currency trader a...
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SEC Institutes Enforcement Action Alleging Pump-and-Dump Scheme
The Securities and Exchange Commission today announced the institution of administrative and cease-and-desist proceedings against Winter Park, Fla....
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Distributions Begin To Victims Of Improper Trading At NYSE Specialist Firms
Washington, D.C., - The Securities and Exchange Commission announced that starting today the fund administrator will begin making distribution...
Read more >


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Securities Terms

 


Tuesday's Term

Accrued interest

Definition:
Interest deemed to be earned on a security but not yet paid to the investor.

Ponzi Scheme

Definition:
Named after Charles Ponzi, a man with a remarkable criminal career in the early 20th century, the term has been used to describe pyramid arrangements whereby an enterprise makes payments to investors from the proceeds of a later investment rather than from profits of the underlying business venture, as the investors expected, and gives investors the impression that a legitimate profit-making business or investment opportunity exists, where in fact it is a mere fiction.

Carrying Charges

Definition:
Cost of storing a physical commodity or holding a financial instrument over a period of time. These charges include insurance, storage, and interest on the deposited funds, as well as other incidental costs.

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Securities Resources

 


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Securities Hot Topics

 
Topics Related to Securities:

  • Investment Fraud
  • Stock Fraud
  • Bond Fraud
  • Mutual Fund Fraud

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