U.S. muni dealers must seek best terms for clients under draft rule released...
Brokers and dealers would have to seek the most favorable terms for their customers in U.S. municipal bond trades under a proposal to create a "best execution" standard for the $3.7 trillion municipal...
View ArticleINTERVIEW: Short-term lending market needs more transparency reform, SEC's...
The short-term lending market is in need of reform to improve its transparency, a top U.S. regulator said on Wednesday, saying that the lack of public information on how much financial firms rely on...
View ArticleFinish regulatory reform process before introducing further changes, says UBS...
UBS chairman Axel Weber has warned against reshaping global financial regulations before the current tranche of reforms has been appropriately implemented. Speaking at the Institute of International...
View ArticleNo one-size-fits-all Basel III framework, international forum hears
The promotion of greater international consistency remains a key objective for regulators but there is no one-size-fits-all solution to capital and liquidity standards, a conference heard. As the...
View ArticleCanada securities regulator cuts fees for some smaller issuers
Canada's largest securities regulator said on Thursday it will soon cut fees for some struggling smaller companies, good news for Canada's hard-hit mineral exploration sector and other issuers facing...
View ArticleMadoff said JPMorgan execs knew of his fraud -lawsuit
Two senior officials at JPMorgan Chase & Co and predecessor companies repeatedly confronted Bernard Madoff over irregularities in his business, a new lawsuit said, suggesting that bank leaders had...
View ArticleInvestor Mark Cuban to SEC: Go after high-speed trading, not insider trading
Dallas Mavericks owner and prominent investor Mark Cuban is never shy about criticizing the U.S. Securities and Exchange Commission and its failure to prevail in its high-profile insider-trading case...
View ArticleBusiness Wire to stop selling releases directly to high-frequency traders,...
Berkshire Hathaway's Business Wire will no longer sell potentially market-moving press releases directly to high frequency-trading companies, after months of discussion with the New York State attorney...
View ArticleSEC initiative directed at never-before examined advisers is now official
The Securities and Exchange Commission's Office of Compliance Inspections and Examinations (OCIE) has formally launched an exam initiative directed at never-before examined investment advisers, the...
View ArticleMuch-anticipated know-your-customer rule could be out in a month – U.S....
A long-awaited proposed rule that will outline the customer due diligence framework regulators envision for the financial services industry could be issued as soon as one month from now, a U.S....
View ArticleU.S. SEC plans tougher oversight of large asset managers
The U.S. Securities and Exchange Commission is developing a plan to step up its scrutiny of the country's largest and riskiest asset managers, SEC Chair Mary Jo White said Friday. The extra focus on...
View ArticleCredit Suisse pays $196.5 million, admits wrongdoing in U.S. SEC settlement
Credit Suisse Group AG agreed to pay $196.5 million and admit wrongdoing to settle U.S. Securities and Exchange Commission charges that it provided cross-border brokerage and investment advisory...
View ArticleFormer Evercore director charged with insider trading
A former senior managing director at investment banker Evercore Group was charged on Friday with securities fraud and other violations for setting up trades in accounts held by an ex-girlfriend and a...
View ArticleU.S. regulators say eight big banks can use internal models for capital
U.S. regulators on Friday said eight big U.S. banks could use their own, tailored risk models to determine their capital requirements in the future. Banks must rely less on debt and more on capital...
View ArticleU.S. SEC should not be intimidated by court rulings -Commissioner Stein
The U.S. Securities and Exchange Commission should press ahead and complete work on rules mandated by Congress even if the courts shoot them down, Democratic Commissioner Kara Stein said on Friday. The...
View ArticleHoodie-clad billionaire who beat insider case live-tweets SEC conference
The annual "SEC Speaks" conference is usually a sea of dark business suits, as buttoned-down lawyers descend on Washington to hear U.S. Securities and Exchange Commission regulators describe their...
View ArticleSEC says Volcker trade metrics reporting to start in August
Financial institutions affected by the Volcker rule must start reporting data on their trading metrics by the end of August, said a top official at the Securities and Exchange Commission. "There was a...
View ArticleU.S. SEC enforcement looks to revive use of 1930s law on assisting violations
U.S. securities regulators are weighing whether to revive use of a 1930s law to pursue people who help others violate securities laws, a U.S. Securities and Exchange Commission official said on Friday....
View ArticleSEFs mandate weighs on swap trading volumes; firms cautious over new...
The trading of U.S. interest rate derivative contracts declined in the first week of mandated trading on swap execution facilities (SEFs), prompting a cautious, wait-and-see approach from senior...
View ArticleHSBC's potential Brazil bill adds to legal headache
HSBC may end up paying as much as $600 million to compensate customers in Brazil who lost savings a quarter of a century ago, another in a long list of possible payouts that banks face for past...
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