Two U.S. senators press brokerage regulator FINRA on process for erasing...
Two U.S. senators want Wall Street's industry-funded watchdog to clarify and strengthen standards for allowing stock brokers to wipe details about investor complaints from their public disclosure...
View ArticleU.S. derivatives regulator set to declare overseas swaps rules inadequate -...
The U.S. Commodities Futures Trading Commission is set to force overseas financial firms to comply with its set of rules governing swaps, saying that the multiple rules developed by overseas regulators...
View ArticleQuote of the Day: U.S. Treasury Department
"High-frequency trading systems may obscure price discovery, exaggerate illiquidity, increase volatility and contribute to extreme price changes." U.S. Treasury Department research report. For full...
View ArticleU.S. consumer watchdog wants more college debit card transparency
The U.S. Consumer Financial Protection Bureau on Tuesday called for banks to disclose their agreements with universities to market debit cards and other prepaid financial services to students....
View ArticleJPMorgan seeks more than $1 billion from FDIC over WaMu claims
JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims arising...
View ArticleU.S. Treasury calls for more monitoring of high-speed trading
High-frequency computerized trading could potentially destabilize the broader marketplace and should be more closely monitored by U.S. regulators, according to a U.S. Treasury research report released...
View ArticleFormer FBI agent admits structuring transactions to hide gambling habit from...
A former supervisory special agent in the Federal Bureau of Investigation's Los Angeles office on Tuesday pleaded guilty to violating the Bank Secrecy Act by making nearly $500,000 in structured...
View ArticleU.S. SEC says it collected a record $3.4 billion from 2013 cases
The U.S. Securities and Exchange Commission said on Tuesday it levied a record $3.4 billion in sanctions in enforcement cases in the latest fiscal year, up 10 percent from the previous year. The...
View ArticleU.S. Treasury Department fines HSBC for alleged violations of...
The U.S. arm of HSBC has agreed to pay $32,400 for alleged violations of U.S. terrorism sanctions, the U.S. Treasury Department said Tuesday, a year after the bank paid a record fine for widespread...
View ArticleU.S. preparing civil charges against Citigroup, Merrill Lynch -sources
The U.S. Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial...
View ArticleJPMorgan, Deutsche extend multi-dealer chatroom bans-sources
JP Morgan Chase and Deutsche Bank are extending bans on the use of multi-dealer online chatrooms, sources familiar with the plans told Reuters, as banks crack down on potentially inappropriate...
View ArticleG20 'names and shames' financial supervision laggards
Four of the world's 20 leading economies (G20) have failed to fully live up to commitments they made during the financial crisis to implement rules making banks and markets safer. The G20's regulatory...
View ArticleIT problems delay efforts to compare risk at global banks
Regulators will take longer than expected to assess risk at a third of the world's biggest banks because of IT delays, banking supervisors said on Wednesday. The Basel Committee of supervisors from...
View ArticleCorrupt money hides in Dubai, while officials turn blind eye, says politician
Corrupt money stolen in the Magnitsky scandal in Russia and looted from Kabul Bank in Afghanistan is sitting in Dubai and yet international authorities have failed to call out the United Arab Emirates,...
View ArticleU.S. Treasury blacklists Qatari and Yemeni nationals as al Qaeda financiers
The U.S. Treasury Department on Wednesday blacklisted alleged terrorism financiers in Qatar and Yemen, accusing them of funding al Qaeda and affiliated groups in the Middle East and Africa. Treasury...
View ArticleU.S. SEC unveils JOBS Act plan to spur more public stock offerings
Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on...
View ArticleSAC's Steinberg found guilty of insider trading
Michael Steinberg, a top portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Wednesday on charges that he traded on insider information. A federal jury in...
View ArticleCanadian securities regulators propose extensive changes to registration regime
The Canadian Securities Administrators (CSA), the country's national capital markets standard-setter, has proposed amendments to the national registration framework for dealers, advisors, and...
View ArticleWall Street watchdog FINRA to expand anti-money laundering exam team
Wall Street's industry-funded watchdog is stepping up efforts to monitor securities brokerages' anti-money laundering compliance programs, acknowledging that firms continue to have problems more than a...
View ArticleGlobal trading firm ConvergEx to pay $151 million to settle U.S. fraud case
Global trading firm ConvergeEx agreed to pay the Securities and Exchange Commission and Justice Department more than $150 million to settle charges that subsidiaries and two former employees defrauded...
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