Muriel "Mickie" Siebert to Discuss Repealing the Volcker Rule on "Tim Connolly's Winning Strategies" on Friday, October 28 at 12:00 p.m. CT
HOUSTON, Oct. 27, 2011 /PRNewswire/ -- Muriel "Mickie" Siebert, President of Muriel Siebert & Co., Inc. will appear on "Tim Connolly's Winning Strategies" on Friday, October 28 at 12:00 p.m. CT. Ms. Siebert will discuss her campaign to repeal the Volcker Rule. The Volcker Rule is a specific piece of the Dodd–Frank Wall Street Reform and Consumer Protection Act originally proposed by American economist and former United States Federal Reserve Chairman Paul Volcker to restrict U.S. banks from making certain kinds of speculative investments that do not benefit their customers. Ms. Siebert's controversial opinion that the Rule should be repealed is sure to be a hot debate.
Listen live on www.winningstrategies.net, CRN Digital Talk Radio Network on CRN 4, broadcast by over 200 affiliate stations nationwide listed at www.crntalk.com, and on CBS Radio 650 AM Houston (www.cbshoustontx.com) on Saturdays at 5 p.m. CT. Winning Strategies is sponsored by Corporate Strategies Merchant Bankers, a First Data institutional representative (www.corporatestrategies.net).
Muriel Siebert is the founder of the New York Stock Exchange (NYSE) brokerage firm that bears her name, Muriel Siebert & Co., Inc. She established the firm in 1967 when she became the first woman member of the NYSE and transformed it into a discount brokerage house on May 1, 1975, the first day that NYSE members were permitted to negotiate commissions. Her firm is the only woman-owned NYSE brokerage firm with a national presence. Ms. Siebert continues to oversee the firm's day-to-day operations at its seven branches. The firm's municipal affiliate, Siebert Brandford Shank & Co., LLC, is ranked in the top 15 public finance firms in the country.
About the Volcker Rule
The Volcker Rule was first publicly endorsed by President Obama in January 2010. The proposal specifically prohibits a bank or institution that owns a bank from engaging in proprietary trading that isn't at the behest of its clients, and from owning or investing in a hedge fund or private equity fund, as well as limiting the liabilities that the largest banks could hold. Under discussion is the possibility of restrictions on the way market making activities are compensated: traders would be paid on the basis of the spread of the transactions rather than any profit that the trader made for the client.
Previous guests of Tim Connolly's Winning Strategies (formerly Corporate Strategies) have included former SEC Chairman Arthur Levitt, Changewave's Tobin Smith, CNBC "Mad Money" Host Jim Cramer, Gamco's Mario Gabelli, Muriel Siebert, U.S. Senator and Presidential Candidate John McCain, Texas oilman Lester Smith, ATP Oil & Gas CFO Albert Reese, Envision Capital Management CEO Marilyn Cohen, CEO of Huntsman Corporate Jon M. Huntsman, Consolidated Graphics CEO Joe Davis, Enterprise Products CEO Dan Duncan, Celgene's CEO John Jackson, Landry's CEO Tilman Fertitta, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, and many others.
SOURCE Winning Strategies