SEC charges hedge fund employee with insider trading in Carter's probe
A New York-based hedge fund employee has been charged with trading on inside information about the children's clothing company Carter's Inc, the U.S. Securities and Exchange Commission (SEC) said on...
View ArticleYellen says 'too-big-to fail' is one of her most important goals, big banks...
The U.S. Federal Reserve would work to ensure that the country's biggest banks are asked to hold more capital and liquidity if Janet Yellen is confirmed as the next head of the central bank. The Fed...
View ArticleSEC chair says agency prepared for increase in trials after policy change
The top U.S. securities regulator said on Thursday her agency welcomed the possibility of more cases going to trial following a policy change that could require some defendants seeking settlements to...
View ArticleNew York regulator weighs 'BitLicense' in bid to police virtual currencies
A New York regulator eager to police digital currencies on Thursday announced it is considering whether to force such entities to obtain a so-called "BitLicense" that would require compliance with...
View ArticleFINRA wants data "at its fingertips," will focus exams on conflicts and...
The Financial Industry Regulatory Authority (FINRA) this week highlighted new exam procedures and priority issues to test for compliance in 2014. They include conflicts of interest, compensation,...
View ArticleCIA collecting data on international money transfers - reports
The U.S. Central Intelligence Agency is collecting records of international money transfers under the same law that the National Security Agency uses to collect Americans' phone and Internet records,...
View ArticleJPMorgan Chase agrees to pay $4.5 billion on mortgage security claims
JPMorgan Chase & Co said on Friday it has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market. The...
View ArticleQuote of the Day - Comptroller of the Currency Thomas Curry
"The [anti-money laundering] regulatory regime cannot be successful without robust information sharing among institutions, from institutions to the government, and from the government to institutions."...
View ArticleHouse Republicans chide U.S. regulator over swap rules
Prominent Republicans in the U.S. House of Representatives on Friday threw their weight behind industry complaints that the nation's derivatives regulator is confusing markets as it rushes through a...
View ArticleU.S. Fed's Rosengren advocates streamlining bank capital rules
U.S. regulators should consider streamlining rules now being adopted that force big banks to hold more capital, a top Federal Reserve official said on Monday. Eric Rosengren, president of the Boston...
View ArticlePolicy and compliance violations to cost Liberty Mutual's auto and property...
Nine affiliates of Liberty Mutual Insurance agreed to pay a $900,000 fine for market conduct violations, to refund $3.1 million to policyholders, and to implement underwriting and other business...
View ArticleCME Group says swaps clearing service was hacked in July
CME Group Inc, the world's largest futures exchange operator, said Friday that its clearing service for energy and other swaps was "the victim of a cyber intrusion" in July, sparking a federal criminal...
View ArticleU.S. top court to hear potentially pivotal Halliburton securities...
The U.S. Supreme Court, which in recent years has ruled for business in a string of high-profile cases, agreed on Friday to hear a case that could herald a dramatic decline in securities class action...
View ArticleInsurance against failed futures brokers would be costly, industry-funded...
An insurance program to protect U.S. futures traders from financial losses when a brokerage collapses would come at a high cost, according to a study released on Friday, which was quickly criticized by...
View ArticleU.S. regulator pressing for legislation to improve anti-laundering...
Better legal protections must be enacted so that banks can more freely share information with one another and the government to combat money laundering and terrorist financing, a top U.S. bank...
View ArticlePreview:U.S. Senate Bitcoin hearing bolsters attention, value surges in advance
Bitcoin surged over 27 percent to a new high of $675 on Monday ahead of a U.S. government hearing on possible regulation of the digital currency. While not an official seal of approval, the hearing is...
View ArticleCompliance officers face conflicts between U.S. and EU data protection rules
Compliance officers at multinational banks face rising conflicts between U.S. data provision requirements and European Union data protection requirements, and tough challenges to resolve these, lawyers...
View ArticleMadoff victims, including indirect investors, may soon get another $2.35 billion
Thousands of victims of Bernard Madoff's fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. Attorney Preet...
View ArticleU.S. regulators call for greater role for technology in combating money...
Just as consumer technology is constantly evolving, anti-money laundering systems could advance and play a more significant role in the fight against financial crime, regulatory officials said at a...
View ArticleU.S. regulators hope to adopt Volcker rule in December
The U.S. swaps watchdog is preparing to adopt the Volcker rule, which bans banks from gambling in financial markets with their own money, but has yet to reach agreement with four other agencies working...
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