Structured bank deposits yield California marijuana trafficker three-year...
A Sacramento, California marijuana trafficker on Thursday was sentenced to more than three years in prison for arranging for his out-of-state customers to make structured cash deposits into bank...
View ArticleMassachusetts man may have been intermediary for Nigerian scam, SEC alleges
The Securities and Exchange Commission is seeking information from a Massachusetts man over the receipt of funds allegedly stolen from an investment adviser as part of an alleged Nigeria-based fraud...
View ArticleWells Fargo fights new US suit, points to earlier pact
Wells Fargo fights new US suit, points to earlier pact * Wells says suit conflicts with earlier mortgage settlement * Asks judge to find DOJ violated previous deal * Banks stepping up fight against...
View ArticleTennessee men and vehicle dealerships helped drug traffickers launder money,...
Three Tennessee men and two used vehicle businesses in Memphis have been indicted on money laundering charges for allegedly knowingly selling nearly $3 million in cars to drug traffickers between May...
View ArticleCongress should explore insurance fund for futures, CFTC Wetjen says
Commodity Futures Trading Commissioner Mark Wetjen said on Thursday an insurance fund for futures traders is "worth exploring," raising the profile of a customer-protection concept that gained new life...
View ArticleCFTC majority supports commodity-limit ruling appeal, commissioner says
A majority of the Commodity Futures Trading Commission supports appealing a judge's ruling against limits on commodity-market speculation, Commissioner Mark Wetjen said on Thursday. The five-member...
View ArticleFormer regulator Bair pours cold water on fund industry plan
Former financial regulator Sheila Bair voiced worries about a new industry compromise plan for money market mutual funds, including implementing a fee for withdrawals during times of stress, saying it...
View ArticleStandard Chartered close to U.S. settlement on Iran transactions
Standard Chartered is close to wrapping up discussions to resolve U.S. investigations into its Iran-linked transactions and nearing agreement on a fine in the $300-million range, mirroring a...
View ArticleCanada to G20: keep your promises or become a 'paper tiger'
The G20 risks becoming a "paper tiger" unless countries follow through on commitments aimed at preventing another global economic crisis, Canada's finance minister said on Sunday, fingering the U.S....
View ArticleG20 may punish bank capital reform delinquents, say officials
The world's biggest economies will soon discuss how to punish countries that fail to implement tougher new bank rules in a crucial test of their resolve to prevent another financial crisis, officials...
View ArticleHSBC fears criminal charges for rule breaches
A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank said on Monday. HSBC said the...
View ArticleStates sending $100 million to Morgan Keegan muni bond fraud victims
State securities regulators in Alabama, Kentucky, Mississippi, South Carolina and Tennessee are sending checks for $100 million Monday to investors who were among over 34,000 account holders lost $1.5...
View ArticleIn storm's aftermath, Wall Street watchdog offers industry guidance
Wall Street's industry-funded regulator has released guidance to clarify certain compliance and regulatory issues for Wall Street brokerages in the aftermath of Hurricane Sandy. The Financial Industry...
View Article28 G-SIBs, but only six may be Basel III-ready by January 1 deadline, says...
Only six global systemically important banks (G-SIBs) are likely to be subject to Basel III rules by January 1 2013, when the new regime begins its transitional phase, according to the Financial...
View ArticleFSB's lack of insurance expertise sparks fear of unfair G-SII designations
The perceived lack of insurance expertise and voice at the Financial Stability Board has sparked terror that the board's designation of global systemically important insurers (G-SIIs) may prove unfair...
View ArticleG20 hopes for fourth time lucky on global accounting
Regulators are trying for a fourth time to revive stalled plans for common global accounting rules so that investors and regulators can compare companies and spot problems more easily. Leaders of the...
View ArticleMF Global customers sue PricewaterhouseCoopers in amended lawsuit
Former customers of MF Global Holdings Ltd's broker-dealer have added accounting firm PricewaterhouseCoopers LLP as a defendant in a lawsuit stemming from the collapse of the brokerage. In an amended...
View ArticleFINRA investigating Rochdale trades in Apple shares - report
The U.S. securities industry's self-regulator is investigating alleged unauthorized trades in Apple Inc shares at Rochdale Securities LLC that have placed the brokerage in a financially shaky position,...
View ArticleU.S. SEC to extend filing date for some affected by storm
The U.S. Securities and Exchange Commission said it was extending the deadline for filings and other obligations for U.S. companies affected by Hurricane Sandy. The SEC said requests to postpone...
View ArticleG20 acknowledges slippage on swaps reform
International groups tasked with safeguarding the world banking system conceded they would miss a deadline for new rules aimed at limiting risk and boosting transparency in the $648 trillion...
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