SEC panel advises against study to widen tick sizes for small firms
A regulatory advisory panel on Friday urged the U.S. Securities and Exchange Commission not to launch a test program that would allow the stocks of small-cap companies to trade in wider increments, a...
View ArticleU.S., EU pledge better cooperation on derivatives reform
31-Jan-2014 12:32 By Douwe Miedema WASHINGTON, Jan 31 (Reuters) - U.S. and European Union regulators on Friday pledged to work more closely together on reforming the $630 trillion derivatives market...
View ArticleCourt approves Bank of America's $8.5 billion mortgage settlement
A New York state judge on Friday approved Bank of America Corp's $8.5 billion settlement with investors in mortgage securities, which would resolve much of the bank's liability from its acquisition of...
View ArticleFinance firms eyed in U.S. anti-bribery probe over dealings with Libya - report
The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, the...
View ArticleFINRA to monitor off-exchange stock trading in "dark pools," alternative systems
The U.S. Financial Industry Regulatory Authority will begin monitoring stock transactions in off-exchange trading venues in a bid to increase transparency in the markets. Industry-funded FINRA has been...
View ArticleJulius Baer CEO says bank approached in forex probe
Julius Baer said it has been approached by regulators probing alleged rigging in the $5.3 trillion-a-day foreign exchange market. The Swiss private bank said it was in the process of clarifying its...
View ArticleUK praised for bribery approach but more global work needed, says OECD chief
The UK has "state of the art" bribery legislation but more needs to be done by other countries to combat corruption, said Angel Gurria, secretary general of the Organisation for Economic Cooperation...
View ArticleSEC files stop orders against 20 purported mining firms over registration...
The Securities and Exchange Commission said on Monday it was filing stop order proceedings against 20 purported mining companies believed to have included false information in their registration...
View ArticleSecret Service urges U.S. lawmakers to do more on cyber crime
The Secret Service on Monday urged U.S. lawmakers to do more to prevent the types of cyber thefts of consumer information that recently have hit Target Corp and other major retailers. "Legislative...
View ArticleSEC's releases performance goals and metrics, giving an alignment map for...
The Securities and Exchange Commission on Monday published for public comment a draft of its strategic goals for fiscal years 2014 to 2018. The goals and metrics, which include several measures of...
View ArticleFCA confirms benchmark-rigging probes extend beyond foreign exchange
The chief executive of the Financial Conduct Authority has confirmed that the regulator is investigating possible collusion and manipulation of benchmarks in addition to London Interbank Offered Rate...
View ArticleU.S. judge approves JPMorgan's $543 million deal to settle Madoff claims
A federal bankruptcy judge on Tuesday approved JPMorgan Chase & Co’s $543 million deal to end two private lawsuits stemming from its relationship with convicted Ponzi scheme mastermind Bernard...
View ArticleDon't let disclosure concerns prevent reporting financial abuse of elder...
Many financial firms hesitate to report suspected elder financial abuse if it requires disclosing nonpublic personal information about their customers, Commissioner Luis Aguilar of the Securities and...
View ArticleMorgan Stanley to pay $1.25 billion to resolve mortgage securities suit
Morgan Stanley said it would pay $1.25 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit related to the sale of mortgage-backed securities. The Wall Street bank will add...
View ArticleTow-away zone: SEC bars trader over bonus-driven securities 'parking' scheme
The Securities and Exchange Commission on Tuesday barred Ryan Christopher King, a trader at Gleacher & Company Securities Inc., over a fraudulent "parking" scheme in which he temporarily held...
View ArticleExclusive: Deutsche fires three New York forex traders
Deutsche Bank AG has fired three New York-based currency traders, in the latest sign that a probe over alleged manipulation of foreign exchange markets is gathering steam, according to a source...
View ArticleBest execution standard draws nearer for munis as regulator proposes rule
The U.S. regulator of municipal securities announced on Tuesday that it was issuing its proposal for explicit “best-execution” rules; the first time compliance with the concept is required in this...
View ArticleU.S. regulators coordinating Volcker implementation - SEC chair
U.S. financial regulators have formed a working group to coordinate implementation of the Volcker rule, which bans banks from proprietary trading, top regulatory officials plan to tell lawmakers on...
View ArticleSEC to pursue firms that fail to fix lapses, but enforcements will aim to aid...
The top priorities for the SEC's enforcement division in 2014 include conflicts of interest issues in managing multiple funds, appropriate disclosures of principal transactions, and cherry picking, and...
View ArticleCiti's global head of foreign exchange to leave bank –memo
The global head of foreign exchange at Citigroup, the world's second largest currency trader, is leaving the bank, according to an internal bank memo seen by Reuters on Wednesday. London-based Anil...
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