Marketwired to stop selling to high-frequency traders
Marketwired, a company that publishes and distributes corporate earnings and other market-moving news releases, said on Wednesday it will no longer sell directly to high-frequency trading companies....
View ArticleOntario Securities Commission enhances credit-for-cooperation program, offers...
In an effort to encourage market participants to "self-police, self-report, and self-correct" compliance violations, the Ontario Securities Commission (OSC) has implemented four new enforcement...
View ArticleU.S. SEC close to weighing action on proxy advisory firms
The U.S. Securities and Exchange Commission will soon review recommendations for possible regulatory action targeting proxy advisory firms, SEC Chair Mary Jo White said on Wednesday. White did not...
View ArticleEXCLUSIVE: U.S. SEC contacted investment funds with Russian exposure - sources
U.S. securities regulators contacted public funds with investments in Russia to make sure they are properly managing risks and disclosing their holdings to investors as political tensions rose over...
View ArticleTwo charged in U.S. insider case with tips on chewed-up napkins
A Morgan Stanley stockbroker and a clerk at a prestigious New York law firm were charged with insider trading in corporate mergers, in an alleged four-year scheme involving a middleman who would chew...
View ArticleBanks face "unforgiving" enforcement environment while policing transactions...
As the U.S. government demands that financial institutions kick out a broad spectrum of bad actors, a "zero-tolerance" regulatory enforcement environment has emerged that is "unforgiving" when...
View ArticleInvestment banks should cut balance sheets by $1 trillion -report
Investment banks must take tough decisions to quit ailing business areas and should reduce their balance sheets by $1 trillion - or almost a tenth - to lift profitability, an industry report said....
View ArticleNew U.S. sanctions cover bank, 20 people linked to Russia's Crimea action
The United States on Thursday expanded its sanctions on Russians in response to the annexation of Crimea to include 20 more people, some of whom are close to Russian President Vladimir Putin, a senior...
View ArticleAll big U.S. banks but one pass Fed's health test
U.S. big banks have enough capital buffers to withstand a drastic economic downturn, the Federal Reserve said on Thursday, announcing that 29 out of 30 major banks met the minimum hurdle in its annual...
View ArticleCanada regulators propose rules for crowdfunding of startups
The power of the crowd may soon be harnessed to help fund business startups in Canada, with several provincial securities regulators publishing proposed rules on Thursday that would allow large numbers...
View ArticleBitcoin's promise: a financial revolution the web's been waiting for
Bitcoin may not be the messiah of a new currency its hardcore fans yearn for, but it may herald the deeper financial revolution the internet has been waiting for. While computers and smartphones have...
View ArticleGoldman Sachs wins pay dispute with former trader - filing
Goldman Sachs Group Inc GS.N has won a pay dispute with a former employee known for his role in shorting the U.S. housing market in the run-up to the financial crisis, according to a arbitration ruling...
View ArticleWyly brothers' ex-lawyer settles SEC fraud case, admits errors
A former lawyer for the wealthy Texas investors Samuel and Charles Wyly agreed to pay nearly $795,000 and admit to wrongdoing to resolve regulatory charges that he assisted the brothers in a multi-year...
View ArticleSEC slows fast-track securities issuance for some big banks subject to...
The Securities and Exchange Commission has revised its policy for granting waivers to let the biggest banks file shelf offerings after they have resolved enforcement actions that would otherwise...
View ArticleMt. Gox says it found 200K bitcoins in "forgotten" wallet
Mt. Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000...
View ArticleVolcker rule's one-time cost to banks: $413 million to $4.3 billion, U.S....
A U.S. bank regulator on Thursday said the Volcker rule could cost the industry a one-time annual charge of up to $4.3 billion, the first cost estimate by a regulator for the ban on banks betting on...
View ArticleSeven largest banks to bear brunt of Volcker rule compliance costs in U.S....
The lion's share of compliance costs related to meeting the demands of the Volcker rule with fall mostly among the seven largest "market-making" banks in the U.S., with annual expenditures at these...
View ArticleSwitzerland investigates Yanukovich associates over money laundering
Switzerland's public prosecutor has opened two formal money laundering investigations into unnamed associates of ousted Ukrainian President Viktor Yanukovich, a spokeswoman for the prosecutor's office...
View ArticleU.S. swaps regulator gives EU firms more time to meet rules
The U.S. derivatives regulator on Friday gave European trading platforms more time to register and meet strict new rules to make the market more transparent, in anticipation of comparable rules abroad....
View ArticleJPMorgan top China banker Fang to leave amid hiring probe
JPMorgan Chase & Co's chief executive for China investment banking, Fang Fang, will leave the firm, according to an internal memo — a departure that comes amid a probe of JPMorgan hiring practices...
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