John Sandman *** Midwood Street Brooklyn, New York 11225
****.*.*******@*****.***
Amazon Scout/Kickstarter Campaign September 2017-Current
Mounted an Amazon Scout crowdsource campaign for, Debt Collectors in Love, a novel about the student loan crisis. This provided a transition toward a Kickstarter campaign which will fund production costs for the book, to be published under the Whole Bean Books imprint this spring.
The plot is driven by a 40-something first-person narrator, who co-signed her daughter’s student loan. The book takes the reader on a trip through Millennial debt, Atlantic City casino gambling, Occupy Wall Street, early-stage Alzheimer’s disease and the impact of social media on journalism.
TheStreet.com March 2013-August 2017
New York, New York
Reporter providing news and analysis on higher education with an emphasis on student loans for this multi-media provider of business and market content. Key issues include the role of the US Department of Education, private loan servicers, for-profit colleges, the growing amount of outstanding and defaulted loans and the impact on Millennials. My stories have appeared in The New York Times, Yahoo Finance, The Philadelphia Inquirer and Media News Group.
Also provided spot news on the futures and options markets in foreign exchange and crude oil, with an emphasis on the impact of Brexit and OPEC's attempt to boost crude oil prices while cutting production.
U.S. News & World Report March 2012-December 2012
Washington, D.C.
Business Writer for the US News website “Most Connected Companies” that profiled Fortune 100 firms such as Allstate, Ford and Citigroup, and detailed their use of web-based technologies.
I participated in the launch of the site. My stories described the impact of cloud computing, Big Data, social media and crowdsourcing. Some of these stories have appeared on Yahoo Finance and Dow Jones Newswires.
The Nation Institute November 2010-January 2012
New York, New York
Writer awarded research grants from the Nation Institute’s investigative fund to cover subprime finance and the role of the Consumer Financial Protection Bureau in regulating predatory lending, including payday loans, and their impact on Social Security and other government entitlements. My stories have appeared in AARP Magazine, City Limits, Reuters and elsewhere.
Financial Markets Journalist March 2010-present
US Correspondent for London-based Investor Services Journal covering custodian banks that service the US and European securities markets plus high-frequency trading strategies used by hedge funds and investment banks. I covered the “flash crash” that shut down stock markets on May 6, 2010.
Contributor to London-based Global Securities Lending, covering the New York Fed’s examination of the securities lending market and issues such as non-cash versus cash collateral, separate and comingled securities lending accounts and risk management.
Contributor to Chicago-based Futures Magazine, covering the harmonization of the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) regulation in the Dodd-Frank Act era, and the move of retail forex traders off shore to avoid US regulation.
Contributor to New York-based Advanced Trading covering new foreign exchange trading venues that go beyond the interbank market. I also wrote about alternative trading strategies such as statistical arbitrage used by proprietary traders, hedge funds others.
Sourcemedia/Thomsonmedia May 2000-December 2009
New York, New York
Standards Editor of Securities Industry News, a weekly Sourcemedia publication once part of what is now Thomson Reuters and a contributor to American Banker covering operations, technology and compliance at banks and broker-dealers in the equity, fixed income, foreign exchange, futures and derivatives market, plus clearing and settlement utilities such as the New York-based Depository Trust and Clearing Corporation and Euroclear in Brussels. “Standards” refers to trade data models used in electronic trading and other areas of financial commerce and regulation.
Wrote and edited stories in three broad areas:
1.Operations, including coverage of market structure changes that drew order flow away from floor-based stock exchanges to electronic exchanges, leading to price improvement for investors. That same trend also led to market fragmentation and price opacity, the rise of dark pools, high frequency and algorithmic trading.
I covered initiatives such as pricing stocks in decimals on exchanges and the effort to reduce trade settlement from three days (T+3) to two (T+2), plus exchange consolidation and the transition of exchanges from membership organizations to for-profit enterprises in the US and Europe.
2.Technology advances that converted phone and paper-based work flows to digital, screen-based systems. Trade data was automated through messaging standards such as FIX, which enables screen-based execution of trades, and Swift, a bank-owned utility which developed electronic messaging to clear and settle trades. I also chronicled the raise of Big Data on Wall Street, the collocation of computers at exchanges and the use of XBRL. The Extensible Business Reporting Language, by the FDIC, the SEC and other government regulators.
3.The compliance demands of US government regulators such as the SEC, the Financial Industry Regulatory Authority (FINRA), the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), its anti-money laundering arm, the Office of Foreign Assets Control (OFAC), plus the implementation of the USA Patriot Act. I also covered foreign regulators, such as the UK’s Financial Services Authority, Canada’s Financial Transaction and Reports Analysis Center and the role of NGOs such as the Paris-based Financial Action Task Force, the Wolfsburg Group and the Basel Committee on Banking Supervision.
My stories have been cited in the Stanford Business Review, the Wake Forest Law Review, the Michigan Law Review, Information Security News, Identity Resolution Daily, The Journal of Operational Risk and other publications.
Waters\Incisive Media January 1998-May 2000
New York and London
Editor of Institutional Trading Technology. Wrote and edited stories on the rise of Electronic Communications Networks (ECNs) Alternative Trading Systems, (ATS) and other electronic trading venues that competed with floor-based exchanges at the turn of the century. Also covered the automation of the New York Stock Exchange and the advent of Nasdaq’s SuperMontage.
Global Custody News October 1997-September 1998
Securities Operations Letter
New York, NY
Managing Editor of two publications appearing on alternate weeks. Global Custody News covered custodian banks in Europe and Asia and their back office operations, plus the launch of European Monetary Union and the transition to the euro from the national currencies of the 12 original member nations Germany and France were the biggest. Securities Operations Letter covered similar areas in the US, including the tie-up between the National Securities Clearing Corporation, the post-trade netting and settlement service, and the Depository Trust Company, the clearinghouse for corporate and municipal bonds, to form the Depository Trust and Clearing Corporation. This Summit Group publication also chronicled the Y2K migration.
Fixed Income Daily May 1997-September 1997
New York, NY
Reporter for a start-up designed to compete with The Bond Buyer, the paper of record in municipal finance. With a small staff and a Reuters feed, Fixed Income Daily and went beyond The Bond Buyer’s footprint and covered sovereign, corporate, and emerging market debt in addition to muni and state finance. Fixed Income Daily was sold to Thomsonmedia, then owner of The Bond Buyer.
The Herald and News October 1996-March 1997
Passaic, New Jersey
Reporter covering the development of the northern New Jersey Wetlands and the environmental impact on the area within the Hackensack Meadowlands Development Commission, and plans by Tokyo-based real estate developer Kajima to build a shopping mall in the Meadowlands Sports Complex. Covered the arrest of Al Porro, a Mob-connect lawyer and business partner of New York Giants football player Lawrence Taylor. The Herald and News was owned by Media News Group, owner of The Denver Post and The Oakland Tribune.
New York Newsday August 1991 April 1995
New York, New York
Reporter for the Brooklyn and Queens editions. Covered local issues including the Board of Education (now the DOE), the City University of New York, health care delivery and the impact of the Giuliani administration's budget cuts on social service agencies, including the shut-down of chest clinics during the 1990s Tuberculosis epidemic in New York.
Covered the development of residential and commercial real estate in Brooklyn, including the development of MetroTech Center, where Newsday had its Brooklyn bureau and the development of the Atlantic Yards, site of the Barclay's Center. I wrote about community-based organizations such as the Fifth Avenue Committee, the Caribbean Women’s Health Organization and the Maple Street school, a public-private co-operative. Stories on the NYC board of Education’s television station prevented its sale to Newark-based WNET.
Citizens Advice Bureau Bronxworks September 1990-June 1991
Lobbyist for a settlement house, referral agency and advocacy group serving low-income residents of the Tremont and Morris Heights section of the Bronx. Lobbied state officials on pending legislation concerning state and federal welfare assistance for individuals experiencing homelessness, food insecurity, barriers to employment and AIDS/HIV.
Freelance Writer on Public Health Issues Sept. 1988-January 1991
Covered public health and HIV/AIDS for the following publications: New York Newsday, The New Jersey Reporter, Pharmacy Practice News, Journal of the International Association of Physicians in AIDS Care, and Advance for Health Information Professionals and Health and Development Report, edited by New York City Health Commissioner Thomas Frieden. These articles focused on anonymous HIV testing versus reporting the names of individuals tested to government health departments. HIV testing regimes I covered included those of state health departments in New York and New Jersey and the national policies of the Dominican Republic and South Africa.
Consultant, New York City Department of Health January-June 1989
Contributed to the executive summary and other sections of the New York City Department of Health’s 1989 application for funds from Title II of the Ryan White Care Act to administer education and HIV testing services for the City’s AIDS/HIV positive population, direct health support services and medication through ADAP, the State AIDS Drug Assistance Program.
The Committee of Economic Development November 1988-March 1989
Public Relations Consultant promoting conferences and public events for this non-profit public policy organization based in New York and Washington, formed to conduct policy research on major economic and social issues and the implementation of its recommendations by the public and private sectors.
Education
BA, History, Hunter College, Public Service Scholar, New York, NY.
Certificate in Television Studies, the New School for Social Research.
Six credits toward an MA in History, the CUNY Graduate Center.
Grants and Awards
Society of Silurians award for a three-part story about Internet 2012
payday loans that appeared in City Limits, in partnership with
the Nation Institute's Investigative Fund, on Internet payday lending
in New York State that describes how these lenders high jack their
customer’s bank accounts while violating state usury law.
Securities Industry News won the 2001 American Business 2002
Association’s Jesse H. Neal Award for news coverage of the attack on
The World Trade Center, to which I contributed writing and reporting.
Finalist for a Society of Professional Journalists Award for a story 1995
on New Jersey’s HIV testing policies.
Received a grant from the Fund for Investigative Journalism to 1993
research HIV testing policies in state health departments in the
United States.
Semi-Finalist in Writers Guild of America East screenplay competition 1992
The screenplay was based on my novel, The Madonnas of President Street.
Published Fiction
2018 Novel, Debt Collectors In Love, Whole Bean Books, New York
2017 Novel, Georgette and Winnie Slept Here, Amazon Kindle
2001 Novel, The Madonnas of President Street, Xlibris, Philadelphia
1997 Novel, Praying For Rain, Birch Brook Press, New York
1973 Novel, Fords Eat Chevs, Oberon Press, D.H. Dobson, Ottawa, London
1970 Novel, Eating Out, House of Anansi Press, Toronto