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Jun 17, 2014
06/14
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CNBC
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representatives of the vanguard group and td ameritrade. what the panel is focused on is payment for order flow. whether or not it's a conflict of interest for exchanges to pay brokers to steer trade toward their exchange even though brokers have an obligation under the rules to find best execution for clients.
representatives of the vanguard group and td ameritrade. what the panel is focused on is payment for order flow. whether or not it's a conflict of interest for exchanges to pay brokers to steer trade toward their exchange even though brokers have an obligation under the rules to find best execution for clients.
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Jun 18, 2014
06/14
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CSPAN2
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a vanguard group, a major mutual fund company that expresses concern and the 4th is steven cork of td america trade. a retail broker that derives revenue from payment to wholesale and rebates that they receive from exchanges. the duty of lawmakers and financial reglator is to look for the public. they can damage retirement and pension holdings and other investments on which americans rely. and even americans without a single share of stock or mutual fund account have something at stake because they exist to foster job and growth and conflicts of in the jeopardize that function. americans don't shy from innovation or technology. indeed we embrace them. but americans are understandably suspicious when technology can be turned against them and their family's interest. they are rightly concerned when technology is used to undermine basic principles as as trust and duty to a client. our goal is to advance the free market by providing those values. i want to thank senator mccain and his staff for their corruption in this matter and all matter. senator mccain. >> thank you very much. i think
a vanguard group, a major mutual fund company that expresses concern and the 4th is steven cork of td america trade. a retail broker that derives revenue from payment to wholesale and rebates that they receive from exchanges. the duty of lawmakers and financial reglator is to look for the public. they can damage retirement and pension holdings and other investments on which americans rely. and even americans without a single share of stock or mutual fund account have something at stake because...
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Jun 19, 2014
06/14
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CSPAN3
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the third witness on the second panel is joseph brenin of vanguard group. a major mutual fund company that has expressed concerns about these conflicts. the fourth witness in the second panel is steve quark of t.d.ameritrade. a retail broker that derives significant revenue from payment overflow and from rebates they receive from exchanges. the duty of lawmakers and financial regulators is to look out for the interests of investors and the wider public. there is significant evident that these conflicts can damage repyrement savings, pension holdings and other investments under which americans rely. even americans without a single share of stock or mutual fund account have something at stake because stock marketed exist to foster growth and job creation. conflicts of interest jeopardize that vital function. americans don't shy from innovation or technology. indeed we embrace them. but americans are understandably suspicious when technology can be turned against them and their family's financial interest. they are rightly concerned when technology is used to
the third witness on the second panel is joseph brenin of vanguard group. a major mutual fund company that has expressed concerns about these conflicts. the fourth witness in the second panel is steve quark of t.d.ameritrade. a retail broker that derives significant revenue from payment overflow and from rebates they receive from exchanges. the duty of lawmakers and financial regulators is to look out for the interests of investors and the wider public. there is significant evident that these...
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Jun 13, 2014
06/14
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CNBC
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the president of the nyse, joeser ladderman, joseph brennen of the vanguard group and steven quirk, theroup at td ameritrade. so an interesting list of people testifying here. we've got exchanges and exchange critics. what i don't see though list are any twan high frequency trading firms. guys, remember, this committee on investigations in the senate is famous for digging into things for months and if not years and bringing new investigative details to the table. no indication of what they have if anything for this hearing next week. but you all remember, sara, carl levin at this committee talking about goldman sachs and their lousy deal, except he didn't use the word lousy. we'll wait and see what he says. >> good point. thanks for bringing us that news. >>> meantime, intel is getting a nice pop after raising its second quarter guidance on the heels of an upgrade to even weight for morgan stanley citing a stronger pc picture. jon fortt, when was the last time you heard signs of a stronger pc picture? well, they've been talking about it pretty much for the past couple of quarters. intel
the president of the nyse, joeser ladderman, joseph brennen of the vanguard group and steven quirk, theroup at td ameritrade. so an interesting list of people testifying here. we've got exchanges and exchange critics. what i don't see though list are any twan high frequency trading firms. guys, remember, this committee on investigations in the senate is famous for digging into things for months and if not years and bringing new investigative details to the table. no indication of what they have...
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Jun 30, 2014
06/14
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ALJAZAM
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>> it's kind of a vanguard group. >> right now, they're trying to create a border and go from there.now russia is getting some skin in the game, they have sent some secondhand military jets, also advisors to teach iraqis how to use these jets. what do you make of that? >> we have to keep russia out of it. its another irritant. the planes they are sending are cold car vintage. >> can they do anything, prop bombs? >> they never got off the ground in desert storm, last used in the 1980's. they probably have pilots there in the inventory that can fly them. it's a show of force by the malaki government to put the thumb in the eye of the americans and say he is doing everything he can to move isis out. >> the u.s. are rushing the apache helicopters and other aircraft. do the u.s. need to be careful who it backs? in some cases, the iraqi army is considered really shiite militias. >> the issue of the caliphate impacts that. what that is if the united states comes back in the site of the iraqi government and starts attacking into the caliphate and destroying sunni and isis? it's going to look
>> it's kind of a vanguard group. >> right now, they're trying to create a border and go from there.now russia is getting some skin in the game, they have sent some secondhand military jets, also advisors to teach iraqis how to use these jets. what do you make of that? >> we have to keep russia out of it. its another irritant. the planes they are sending are cold car vintage. >> can they do anything, prop bombs? >> they never got off the ground in desert storm,...
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Jun 17, 2014
06/14
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CNBC
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representatives of the vanguard group and td ameritrade.t the panel is focused on is payment for order flow. whether or not it's a conflict of interest for exchanges to pay brokers to steer trade toward their exchange even though brokers have an obligation under the rules to find best execution for clients. that will be one of the things they are looking at here. also the maker, taker rebate system will be another thing the committee will be examining closely. a lot to keep an kwie on here. we'll bring you updates as the hearing gets under way. >> thank you. we haven't talked about high frequency trading. we'll hear a lot about it. >> on "mad money" i talked about worrying about systemic risk. we don't have that because of the treasury. i worry about a possible flash crash. that did so much to a road investor confidence. when you talk about oil, that that's -- i listened to the hearing because people think the markets are are rigged. he's a writer. he called it are rigged. that was more powerful than any senator call. >> it was, on "60 minu
representatives of the vanguard group and td ameritrade.t the panel is focused on is payment for order flow. whether or not it's a conflict of interest for exchanges to pay brokers to steer trade toward their exchange even though brokers have an obligation under the rules to find best execution for clients. that will be one of the things they are looking at here. also the maker, taker rebate system will be another thing the committee will be examining closely. a lot to keep an kwie on here....
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Jun 30, 2014
06/14
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CSPAN3
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eye 88
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the third witness on the second panel is joseph brennan, of vanguard group. a major mutual fund company that has expressed concerns about these conflicts. the fourth witness in the second panel is steven quirk of td ameritrade. a retail broker that derives significant revenue from payment for order flow, from wholesale brokers, and from rebates that they receive from exchanges. the duty of lawmakers and financial regulators is to look out for the interests of investors and the wider public. there is significant evident that these conflicts can damage retirement savings, pension holdings, and other investments on which americans rely. even americans without a single share of stock or a mutual fund account have something at stake, because stock markets exist to foster investment growth, and job creation. conflicts of interest jeopardize that vital function. americans don't shy from innovation or technology. indeed we embrace them. but americans are understandably suspicious when technology can be turned against them and their family's financial interests. they
the third witness on the second panel is joseph brennan, of vanguard group. a major mutual fund company that has expressed concerns about these conflicts. the fourth witness in the second panel is steven quirk of td ameritrade. a retail broker that derives significant revenue from payment for order flow, from wholesale brokers, and from rebates that they receive from exchanges. the duty of lawmakers and financial regulators is to look out for the interests of investors and the wider public....
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Jun 20, 2014
06/14
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CSPAN3
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and the next, joseph brennan, a principal and head of global equity index group at the vanguard group in malvern, pennsylvania and steven quirk, senior vice president of the trader group at td ameritrade in omaha, nebraska. we appreciate all of you being here today. and under our rules as i think you heard, all of our witnesses are required to be sworn so we'd ask you to please stand and raise your right hands. do you swear the testimony you are about to give to the subcommittee will be the truth, the whole truth and nothing but the truth so help you god? thank you. and we'll use again the timing system. a minute before the red light comes on. you'll see the lights change from green to yellow giving you an opportunity to include your remarks. your written testimony will be printed in the record in its entirety. please try to limit your oral testimony to no more than five minutes. mr. farley, we're going to have to go first followed by mr. ratterman, then mr. brennan and then mr. quirk. kindly thank you all for being with us. >> chairman levin, senator johnson, we appreciate your inter
and the next, joseph brennan, a principal and head of global equity index group at the vanguard group in malvern, pennsylvania and steven quirk, senior vice president of the trader group at td ameritrade in omaha, nebraska. we appreciate all of you being here today. and under our rules as i think you heard, all of our witnesses are required to be sworn so we'd ask you to please stand and raise your right hands. do you swear the testimony you are about to give to the subcommittee will be the...
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Jun 13, 2014
06/14
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FOXNEWSW
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there are a number of groups that are taking advantage of this vanguard of the isl united states h ofng south. and then just disaffected former sons of iraq or what we call the awakening movement, people who took up arms, they are just angry and they are taking it out now. >> so hear the president today, he seemed to suggest that listen we're not going to help you unless you help yourselves and you work out the sectarian issues here. what do you think is going to happen militarily or should happen with u.s. support here? >> well, first, i think prime minister maliki has smp decisions to make. he can consolidate his military and try to hold the line and rely increasingly on shee yiet my lish shas. and they are bringing back militias and leaders. that's worrisome in some ways, he can try to organize to retake the north. this would also inflame and turn this into more of a sectarian fight as well too. we need to be careful we do not empower the second tarrant agenda -- sectarian agenda because of the support for what is perceived as that sunni agenda. >> would it have prevented something
there are a number of groups that are taking advantage of this vanguard of the isl united states h ofng south. and then just disaffected former sons of iraq or what we call the awakening movement, people who took up arms, they are just angry and they are taking it out now. >> so hear the president today, he seemed to suggest that listen we're not going to help you unless you help yourselves and you work out the sectarian issues here. what do you think is going to happen militarily or...
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Jun 25, 2014
06/14
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BLOOMBERG
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vanguard force has moved. is a measure that it is not just isis. isis is a bunch of sociopaths and psychopaths. they are in that group. they make panic videos. >> it looks like isis is continuing to advance and gain control of more territory. and therefore getting more money to pay more soldiers. >> yes. like said what way does the president say, omar god -- oh my god, what do i do? what is the advice? seek a political settlement question wer? >> no. this enormous swath of territory just becomes this place for lunatics and guns together. not unlike 9/11. he cannot allow that. it is a threat to the united states. there are hundreds of insurgents. they are going to be very well-trained and battle hardened. i think what you will seeing, and what is happening as we speak, the white house, as soon as this happens, they ordered all sorts of surveillance to start looking at the area. they're looking for targets. that is what they are doing. think secretary kerry indicated that some of the airstrikes cannot wait for the formation of a new government. my guess is we are going to see that pretty soon. a even if there has not be
vanguard force has moved. is a measure that it is not just isis. isis is a bunch of sociopaths and psychopaths. they are in that group. they make panic videos. >> it looks like isis is continuing to advance and gain control of more territory. and therefore getting more money to pay more soldiers. >> yes. like said what way does the president say, omar god -- oh my god, what do i do? what is the advice? seek a political settlement question wer? >> no. this enormous swath of...
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Jun 8, 2014
06/14
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CSPAN
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eye 41
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we will show all of our salt .ake history offerings >> brigham young led a group of children to the valley. they were a vanguard. they were paving the way, they refining the best route. there were sent here to find a way and get things started. once they established a fort and got family settled, brigham young and many of the men turned around and went back to the missouri river because there peopleproximately 11,000 there waiting to come. he helped organize the rest of this massive migration, which is going to come more than a thousand miles to the salt lake valley. the ultimate goal was to establish what the latter-day states -- latter day saints referred to as a sign. this was planned to be an ideal community. it was a utopian community that was meant to be a religious city. it was meant to have equality and justice. and peace and harmony and love. -- in order toat do that they felt like they needed to lay out their town in this order the system that joseph smith had established, where the streets are uniform according to the points of the compass with the spiritual core of that community. core at the heart
we will show all of our salt .ake history offerings >> brigham young led a group of children to the valley. they were a vanguard. they were paving the way, they refining the best route. there were sent here to find a way and get things started. once they established a fort and got family settled, brigham young and many of the men turned around and went back to the missouri river because there peopleproximately 11,000 there waiting to come. he helped organize the rest of this massive...
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Jun 23, 2014
06/14
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CNNW
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vanguard of the sunni arab resistance. it is much broader and deeper than that. it's got multiple insurgent groupsri's organization, the iraqi islamic army and other groups. plus many of the former sons of iraq or the awake neng members have join the in the fight. >> you spent five years in iraq serving there with general petraeus among others. here's what the kurdish, regional kurdish president massoud barzani told our christiane amanpour today. we haven't remain hostages for the unknown. the time is here for the kurdistan people to determine their future and the decision of the people is what we're going to uphold. are we on the verge of seeing a partition of iraq into a kurdish autonomous area, a sunni and shia area? i think we're on the verge of that unless strong measures are taken not only by the united states but the international community to shape a change in government towards a you know aught government and try to put this back together again. part of this has to be reaching out to the sunni eric community and driving a wedge between moderate sunni arabs and isis. >> you say isis really
vanguard of the sunni arab resistance. it is much broader and deeper than that. it's got multiple insurgent groupsri's organization, the iraqi islamic army and other groups. plus many of the former sons of iraq or the awake neng members have join the in the fight. >> you spent five years in iraq serving there with general petraeus among others. here's what the kurdish, regional kurdish president massoud barzani told our christiane amanpour today. we haven't remain hostages for the...