Senate panel to vote on U.S. CFTC chairman Tuesday
A U.S. Senate committee will vote on three candidates for the U.S. Commodity Futures Trading Commission on Tuesday, after the trio met little resistance from lawmakers in a confirmation hearing last...
View ArticleAlberta proposes alternative to federal markets watchdog
Alberta is working to build support among fellow Canadian provinces for a proposed alternative to a national securities regulator, establishment of which the resource-rich province has long opposed,...
View ArticleSEC fines Florida's Transamerica for overcharging clients
The U.S. Securities and Exchange Commission on Thursday fined Transamerica Financial Advisors $553,624 and ordered it to reimburse clients the same amount for improperly calculating advisory fees and...
View ArticleSAC seeks Bart Schwartz as consultant in insider trading plea
Billionaire investor Steve Cohen-owned SAC Capital Advisors LP's lawyers proposed to retain corporate adviser and former federal prosecutor Bart Schwartz as a compliance consultant while the hedge fund...
View ArticleBank of America near credit card deal with U.S. regulator
Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the talks said. The second-largest U.S. bank...
View ArticleU.S. futures regulator CFTC probing speed traders
The U.S. Commodity Futures Trading Commission is investigating high-frequency traders to see if they were breaching the derivatives regulator's rules, its chief said on Thursday. "Staff (is) responding...
View ArticleCitigroup faces criminal probe for fraud at Mexico unit - source
Federal authorities have opened a criminal investigation into a $400 million fraud involving Citigroup's Mexican unit, according to a person familiar with the matter. Citigroup disclosed in February it...
View ArticleCredit Suisse faces new U.S. tax probe
Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York state's top financial regulator requested documents from the Swiss...
View ArticleEXCLUSIVE: U.S. SEC forms squad to examine private funds
The U.S. Securities and Exchange Commission has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, according to...
View ArticleU.S. SEC charges firm owner, others in "spoofing" case
U.S. securities regulators filed charges against two trading firms and five individuals on Friday in a case involving an illegal manipulative trading practice known as "spoofing." In its case, the U.S....
View ArticleThirteen banks to fight EU derivatives charges at May hearing - sources
Thirteen investment banks, including Citigroup, Goldman Sachs and Deutsche Bank, will fight EU charges of blocking exchanges' access to the credit derivatives market at a hearing next month, three...
View ArticleSupervisors must address knowledge and talent gaps as they engage more...
Prudential supervisors will need to boost the quality and quantity of their resources as they engage in more technical and judgmental detail with the boards and senior managers of global systemically...
View ArticleHarvard adopts 'responsible investment' principles, adding pressure on...
Harvard University said on Monday it adopted a set of environmental and social investing principles backed by the United Nations for its huge endowment fund, a move that could add pressure on companies...
View ArticleMemos show SEC-Treasury dispute over 2013 asset management study
Memos and emails between U.S. securities regulators and a Treasury research office show major disagreements leading up to the release of a controversial report on the asset management industry,...
View ArticleColombian man admits conspiring to launder drug money through HSBC and other...
A Colombian national on Monday pleaded guilty to a money laundering conspiracy charge in federal court in Orlando, Florida, prosecutors said. Luis Alberto Marulanda-Cardona, 54, was snared by a drug...
View ArticleUBS unit must pay $5.4 million to ex-broker who sold Lehman notes
A unit of UBS AG must pay $5.4 million to a former broker who alleged the firm misled its advisers about the financial health of Lehman Brothers Holdings Inc while recommending they sell its structured...
View ArticleU.S. regulators to vote on final bank leverage rules
Financial regulators will vote on Tuesday to finalize tough requirements for U.S. banks' leverage that are expected to be stricter than the rules overseas firms must follow. The rules, under...
View ArticleU.S. House panel launches bill to rewrite CFTC mandate, boost leeway for...
U.S. lawmakers on Monday launched a bill to rewrite the rules of the Commodity Futures Trading Commission (CFTC), giving more leeway to smaller players in the derivative markets it oversees. The agency...
View ArticleU.S. Fed gives banks two more years on collateralized loan obligations under...
The U.S. Federal Reserve will give banks two more years to divest collateralized loan obligations (CLOs) that fall under the Volcker rule, a part of the Dodd-Frank financial law that bans banks from...
View ArticleU.S. IRS whistleblower payouts down, critics say program too slow
The U.S. Internal Revenue Service reported it made progress last year in rewarding tax whistleblowers with a few big cash payouts, but critics said the tax agency is still struggling to act quickly on...
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