U.S. SEC chair discusses probes into high-speed trading
The U.S. Securities and Exchange Commission has several active investigations into possible wrongdoing by high-frequency stock traders and other equity market structure issues, SEC Chair Mary Jo White...
View ArticleInvestors accuse 12 banks of Forex price rigging in U.S. lawsuit
Twelve large banks have been sued in a consolidated antitrust lawsuit by investors who claim they conspired to rig prices in the roughly $5.3 trillion-a-day foreign exchange market. Investors,...
View ArticleU.S. Fed to consider final bank leverage rules on April 8
U.S. bank regulators will meet next week to vote on final rules that would force the biggest U.S. banks to rely less on debt to fund their businesses, the Federal Reserve said on Tuesday. The Fed's...
View ArticleU.S. SEC issues new social media guidance for investment advisers
New guidance about social media from the U.S. Securities and Exchange Commission gives certain financial advisers some leeway to promote client reviews of their services that appear on third-party...
View ArticleU.S. investigates Deutsche Boerse unit over Iran sanctions
German exchange operator Deutsche Boerse has again become the target of U.S. authorities in an investigation over whether its Clearstream Banking unit violated U.S. money laundering and Iran sanction...
View ArticleSwitzerland snubs U.S. effort to sanction Russian billionaires
Russian officials sanctioned by the European Union will be barred from new business interests in Switzerland but billionaires included on the U.S. sanctions list face no restrictions, the Swiss...
View ArticleEx-Evercore banker pleads guilty to insider-trading charges
A former investment banker at Evercore Group pleaded guilty on Wednesday to criminal charges that he engaged in insider trading and used proceeds to pay a one-time mistress to support their child....
View ArticleOFAC fines California satellite equipment firm for alleged Iran sanctions...
The U.S. Treasury Department on Wednesday announced it has fined California-based Satellite equipment firm Sea Tel Inc more than $85,000 for allegedly violating U.S. sanctions against Iran between...
View ArticleU.S. SEC commissioner calls for review of exchange rebate model
The U.S. Securities and Exchange Commission should consider a temporary program to test the effects of banning the most common method of pricing used by stock exchanges, as it may cause conflicts of...
View ArticleJPMorgan to process payment for Russian embassy, easing tension
JPMorgan said on Thursday it was processing a payment from Russia's embassy in Kazakhstan to Russian insurance agency Sogaz, moving to ease tensions after Moscow accused the U.S. bank of "illegally"...
View ArticleU.S. gives foreign banks more time to register under FATCA anti-tax dodge law
The U.S. Treasury Department on Wednesday gave foreign financial institutions 10 extra days to register with the U.S. government, under a new law to combat offshore tax dodging by Americans that goes...
View ArticleU.S. warns of large-scale "Unlimted Operations" cyber attacks on ATM machines
Criminal gangs are launching a new style of cyberattacks on ATM machines then withdrawing millions of dollars from the machines, U.S. regulators said on Wednesday. The warning comes from the council of...
View ArticleEX-JPMorgan trader in Whale scandal open to facing U.S. charges
A lawyer for a former JPMorgan Chase & Co trader accused of helping to hide trading losses tied to a $6.2 billion financial scandal said on Wednesday his client was open to leaving France to...
View ArticleChancellor backs FCA leadership, but bungled annuities pre-briefing was...
The chancellor has told the House of Commons Treasury Committee that while the Financial Conduct Authority's bungled pre-briefing of its annuities review had been "an egregious error", he had absolute...
View ArticleFATF in early stages of virtual currency and AML enquiries, says official
The Financial Action Task Force (FATF) is still in the preliminary stages of its enquiries into the links between virtual currencies and money laundering, and said it would not rush into producing a...
View ArticleCFPB employee alleges discrimination and retaliation
A senior employee at the Consumer Financial Protection Bureau told a Congressional hearing that the agency was a hostile workplace where discrimination was rampant against minorities and women. Angela...
View ArticleU.S. CFTC pledges swaps relief for public utilities
The U.S. Commodity Futures Trading Commission plans to ease its new swaps rules to help public power utilities using swaps to hedge price risk, the head of the derivatives regulator said on Thursday....
View ArticleExperts urge U.S. watchdog to adopt more changes to audit reports
Some accounting experts are urging U.S. regulators to embrace a proposal to improve how auditors communicate their opinions on corporate financial statements to investors, saying such changes are long...
View ArticleAIG sues New York regulator over probe of insurance marketing
Insurer American International Group Inc on Thursday sued New York regulators to force them to back off a threatened costly enforcement proceeding over possible violations of state law by a former...
View ArticleTexas tycoons hid $550 million in profits offshore, U.S. tells insider-trade...
Texas tycoons Sam and Charles Wyly employed a labyrinthine system of offshore trusts to conceal stock trades in four companies on whose boards they sat, netting themselves more than $550 million in...
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