Defunct bitcoin exchange Mt. Gox files for liquidation - report
Defunct bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people...
View ArticleVehicle dealer in U.S.-Mexico frontier town accused of money laundering
An owner of an vehicle dealership in the U.S.-Mexico border town of Calexico, California has been charged with money laundering as well as violations of the Bank Secrecy Act, federal prosecutors in San...
View ArticleProliferation of new products also drives U.S. stock market complexity, SEC...
A desire by investors for more investment products contributes to excessive complexity in the U.S. stock market, the U.S. securities regulator in charge of analyzing the stock market's structure said...
View ArticleU.S. Fed mulling stricter stability rules for Wall Street, Yellen says
The U.S. Federal Reserve is considering further steps to force big banks to hold more capital, and sees a case for other stability-enhancing measures for more shadowy areas of Wall Street as well, Fed...
View ArticleSEC charges advisory firm, officers over revenue-sharing disclosure failures
The Securities and Exchange Commission on Monday charged an investment adviser, with, among other things, failing to tell clients who paid asset-based fees that the firm also received revenue-sharing...
View ArticleGlobal accounting body airs possible reform of bank hedging rule
Investors would be able to make a more accurate assessment of how well banks manage risks on their books under proposals published by the International Accounting Standards Board (IASB) on Thursday....
View ArticleBanks must review their vendors' cyber controls, says OCC's Curry
Banks must review the controls their service vendors use to limit the threat of cyber attacks, as they become more reliant on and consolidate their vendor pools, U.S. Comptroller of the Currency Thomas...
View ArticleNew York prosecutor probes high-speed trading -source
The New York attorney general is probing more than half a dozen high-speed trading firms, a person familiar with the matter said on Wednesday, as part of his wide-ranging probe into alleged unfair...
View ArticleWall Street regulator FINRA to consider mandatory broker background checks
Wall Street's self-funded regulator said on Wednesday it will consider proposing mandatory background checks for brokers after critics pointed to gaps in disclosures by some with checkered histories....
View ArticleU.S. SEC releases cybersecurity examination blueprint for brokers, asset...
U.S. securities regulators have unveiled a road map that lays out how they plan to make sure Wall Street firms are prepared to detect and prevent cyber security attacks. The nine-page document, posted...
View ArticleEXCLUSIVE: U.S. Treasury weighing $5 million fine against former MoneyGram...
The U.S. Treasury Department has notified a former compliance chief at MoneyGram International Inc that he may face a civil money penalty of up to $5 million over the money transfer giant's previously...
View ArticleGlobal accounting body airs possible reform of bank hedging rule
Investors would be able to make a more accurate assessment of how well banks manage risks on their books under proposals published by the International Accounting Standards Board (IASB) on Thursday....
View ArticleHead of derivatives lobbying group ISDA to step down
Derivatives lobbying association the International Swaps and Derivatives Association said on Thursday its Chief Executive Officer Robert (Bob) Pickel will step down from the role this year. An attorney...
View ArticleMt. Gox suitors seek support to save bitcoin exchange
A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets. "We need your help to stop a...
View ArticleNo U.S. IRS audits for most big financial partnerships
Fewer than 1 percent of partnerships with more than $100 million in assets, including hedge funds and private equity firms, are audited by the U.S. Internal Revenue Service, a government report said on...
View ArticleU.S. Treasury plans new unit to monitor muni market
The U.S. Treasury Department is forming a unit on state and local finance to coordinate its responses to developments in the country's $3.7 trillion municipal bond market, a Treasury spokesperson said...
View ArticleU.S. SEC's information technology found at risk of hacking
The U.S. Securities and Exchange Commission has failed to protect its data network against possible breaches, to encrypt highly sensitive information, or to use strong enough passwords, the Government...
View ArticleU.S. SEC proposes rules for security-based swap dealers
The U.S. Securities and Exchange Commission proposed rules for banks trading in security-based swaps, the regulator said on Thursday as it laid out how to keep records of their trades and how to report...
View ArticleTop Fed officials, in rare step, consider enforcement issue at closed meeting
The U.S. Federal Reserve's Board of Governors took the unusual step of considering an enforcement issue on Thursday, less than two months after Chair Janet Yellen pledged that top officials would have...
View ArticleU.S. insider trading cases face test at appeals court
A U.S. appeals court is set to hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including...
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