U.S. exchange flags internal trading discrepancy
U.S. exchange operator Direct Edge said on Monday it found a discrepancy between how a stock trades in certain circumstances compared with what its rules state, a contradiction at the center of a...
View ArticleFINRA sanctions California broker over unauthorized transactions, forgery and...
The Financial Industry Regulatory Authority on Friday sanctioned a registered representative from California for trading securities in an elderly customer's account without her consent and against his...
View ArticleU.S. CFTC eases foreign regulators' access to swaps data
The U.S. futures regulator approved a plan on Monday to make it easier for foreign regulators to access U.S. swaps data. The Commodity Futures Trading Commission voted 3-2 to waive, under certain...
View ArticleU.S. Treasury to move by year end on plan to exempt forex swaps, sources say
The U.S. Treasury Department will move ahead after the Nov. 6 U.S. national elections to issue its plan for exempting foreign exchange swaps, a banking industry source said. A senior government...
View ArticleU.S-style plea deals on way, but penalty regime questioned
U.S-style deferred prosecution agreements (DPA), whereby companies strike deals and pay fines to escape criminal prosecutions, are set to be introduced in the UK, the solicitor general announced...
View ArticleCME energy swap traders swing decisively to futures-data
Energy trading on the CME Group's ClearPort platform shifted overwhelming in favor of block-traded futures contracts rather than swaps last week, exchange data show, confirming a widely expected switch...
View ArticleUS regulator delays ruling again on JPMorgan copper ETF
The U.S. Securities and Exchange Commission has delayed for a second time a ruling on JPMorgan Chase & Co's controversial plan to launch an exchange-traded fund (ETF) physically backed by copper....
View ArticleU.S. consumer agency to supervise debt collectors
The U.S. consumer agency will begin closely supervising about 175 debt collectors for the first time starting in January, widening the new watchdog's oversight of consumer lending. The Consumer...
View ArticleSEC's Schapiro says not eyeing the exits
Mary Schapiro attempted to shoot down rumors that she's close to wrapping up her tenure as the head of the U.S. Securities and Exchange Commission, saying on Tuesday that she has not thought about her...
View ArticleCFTC may soon ask public for ideas on high-speed trading rules
The head of the U.S. commodities regulator said on Tuesday that he is working on a broad package of proposals for possible new rules governing high frequency trading, which has been blamed for...
View ArticleRBS agrees to $42.5 mln settlement with Nevada attorney general
Royal Bank of Scotland Group PLC RBS.L agreed to pay $42.5 million in a settlement with the Nevada attorney general after an investigation into the bank's mortgage funding practices, the New York Times...
View ArticleU.S. securities regulator questions need for new broker standard
A plan that could ultimately require certain securities brokers to act in their client's best interests should not proceed unless an economic analysis demonstrates it is necessary, a top U.S....
View ArticleCriminal prosecutions by state securities regulators fall in 2011,...
Criminal actions by state securities regulators dropped by more than half to 436 in 2011 from a spike of 1,333 in 2010, the North American Securities Administrators Association, although new...
View ArticleU.S. futures regulator unveils customer fund protection plan
U.S. futures regulators unveiled a proposal on Tuesday to strengthen protections for customer money, a move designed to bolster confidence in the wake of the high-profile failures of brokerages MF...
View ArticleU.S. corruption crackdown having global impact, U.S. official says
Enforcement of U.S. anti-corruption laws and the Foreign Corrupt Practices Act (FCPA) is having a positive global impact, U.S. Assistant Attorney General Lanny Breuer said at IBC Legal's world bribery...
View ArticleBasel official defends new global bank capital rules
A simple approach to reining in risks at banks would fail to capture the complexity of modern day lenders, a top global regulator has said. Wayne Byres, secretary general of the Basel Committee, said...
View ArticleU.S. IRS delays key start dates for global tax evasion law
U.S. tax authorities on Wednesday postponed implementation of new rules to force banks and financial institutions to disclose more information about U.S. clients' offshore accounts. The Foreign Account...
View ArticleBankers group asks U.S. consumer bureau to pre-empt state law on gift-card...
The American Bankers Association is asking the Consumer Financial Protection Bureau this week to pre-empt state law on the life of prepaid gift cards. “The key thing is we want everything consistent...
View ArticleTexas revokes investment adviser license of Houston firm for lying about...
The Texas State Securities Board revoked the investment adviser licenses of Houston-based Donovan Colin Duncan and his Duncan Private Wealth Management firm earlier this week after finding he had lied...
View ArticleObama if reelected would oust housing regulator who clashed over mortgage...
U.S. housing regulator Edward DeMarco is likely to lose his job overseeing government-controlled mortgage giants Fannie Mae and Freddie Mac if President Barack Obama wins re-election, the Financial...
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