Lead Editor: Sean McMahon

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SmartBrief brings you all the latest news from every corner of the financial services sector. When you need more intel about how market trends and policymakers are going to affect you and your business, SmartBrief has you covered.

Case could make prosecuting insider trading more difficult


  • Reuters
  • Wall Street Journal (tiered subscription model), The
  • Financial Times (tiered subscription model)

The 2nd U.S. Circuit Court of Appeals is poised to hear a case that could threaten guilty verdicts in some high-profile insider trading cases and make it more difficult to prosecute violations. The co… Read More

Power REIT buys 450 acres in Calif.


  • Bloomberg

Power REIT has acquired 450 acres in Kern County, Calif., that will support a 60-megawatt photovoltaic plant. As part of the transaction, it has established a $26 million credit line which it may use … Read More

Issues remain as process for mandated swap clearing in Europe advances


  • Financial News Online (U.K.) (subscription required)

The authorization last month of Nasdaq OMX Group's clearinghouse under the European Market Infrastructure Regulation launched the countdown for when over-the-counter derivatives will be required to be… Read More

Some states show reluctance to seek federal funding for exchanges


  • Associated Press, The

States using the federal health insurance exchange have until November to pursue hundreds of millions of dollars in government grants to start their own exchanges. But even states that would seem like… Read More

2 levee authorities in La. would lose independence under bill


  • Times-Picayune (New Orleans), The

A bill by Louisiana state Sen. Robert Adley would end the autonomy of two New Orleans levee authorities and put them under the Coastal Protection and Restoration Authority. The bill prompted concerns … Read More

BB&T's King: Banks are adjusting after refinancing surge


  • CNBC

The surge of refinancing activity that banks saw in recent years has gone away, and although the housing market is recovering, the volume of new purchases is not enough to make up for lost refinancing… Read More