SEC weighs requiring brokers to identify where trades made - BloombergRTRS
The U.S. Securities and Exchange Commission is weighing a proposal that would require brokers to tell investors exactly where their stock trades are executed, Bloomberg reported on Saturday. The...
View ArticleINSIGHT: At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape
In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy...
View ArticleU.S. Treasury fines Carlson Wagonlit parent $6 million for alleged violations...
The U.S. Treasury Department on Friday announced it has fined Dutch company CWT B.V., the parent of the Carlson Wagonlit Travel group of travel services companies around the world, nearly $6 million...
View ArticleCanada proposes new guideline for residential mortgage insurers
Canada's banking and insurance regulator, the Office of the Superintendent of Financial Institutions (OSFI), has proposed a new guideline for residential mortgage insurers, outlining OSFI’s...
View ArticleAfter success on Iran, U.S. Treasury's sanctions team faces new challenges
This is what the modern American war room looks like: the clocks on the wall show the times in Kabul, Tehran and Bogota. The faces around the conference table are mostly young. There is talk of...
View ArticleChance to catch drug bosses 'missed' in Asia
An investigation that placed Hong Kong at the centre of a global drug-trafficking and money-laundering network was closed down because of a reluctance by police to pursue a long-term strategy in the...
View ArticleMTFs still getting caught in EMIR/Dodd Frank crossfire
The U.S. Commodity and Futures Trading Commission has "clarified" its approach to U.S. market participants trading on a European Multilateral Trading Facility (MTF), following talks with the European...
View ArticleMissouri woman snared by undercover sting admits role in money laundering scheme
A Missouri woman who ran a nonprofit business that purportedly provided educational and social welfare services has admitted she laundered hundreds of thousands of dollars in cash she thought had been...
View ArticleEx-investment firm associate pleads guilty in Marvel insider-trade case
A former associate at a California investment firm pleaded guilty to securities fraud Monday, admitting to illegally making $192,000 trading ahead of news Marvel Entertainment would be bought by Walt...
View ArticleU.S. SEC wins injunction against Canadian tied to penny-stock scam
The U.S. Securities and Exchange Commission won a preliminary injunction against a Montreal man it accused of running a penny stock fraud known as "scalping," and who regulators say enjoyed a lifestyle...
View ArticleNew York regulatory probes Ocwen Financial for possible 'self-dealing'
New York's banking regulator is probing Ocwen Financial Corp, which collects mortgage payments, for possibly over-charging borrowers and investors to auction off foreclosed properties. Benjamin Lawsky,...
View ArticleNew York attorney general seeks information from high-speed firm Virtu
High-speed trading firm Virtu Financial Inc, which has been pursuing an initial public offering, has received a letter of inquiry from the New York attorney general amid a wider probe of the industry,...
View ArticleU.S. tax agency issues new answers for FATCA tax-law questions
The Internal Revenue Service has posted a new list of Frequently Asked Questions banks may have about the Foreign Account Tax Compliance Act FATCA became law in 2010. The law requires foreign banks to...
View ArticleEx-Bank of America employee avoids punishment in muni bid rigging case
A former senior vice president at Bank of America Corp BAC.N who became a cooperating witness in the U.S. government's probe of bid-rigging in the $3.7 trillion municipal bond market avoided prison...
View ArticleHedge fund manager Ackman promised up to $3.6 million to ex-Herbalife...
Hedge fund manager William Ackman, who placed a $1 billion bet against Herbalife HLF.N, said that he had promised a former Herbalife executive who became a whistleblower against the company up to $3.6...
View ArticleU.S. prosecutor grilled over insider trading definition in key appeal case
A U.S. prosecutor faced tough questioning by a federal appeals court Tuesday over what must be proved to secure insider trading convictions, with one judge calling the government's view of the law...
View ArticleBetter governance, compensation oversight key to restoring trust in Wall...
The stock market has recovered from the financial crisis, but trust in the market, in financial institutions and in the economy is still in a recession, Commissioner Luis Aguilar of the Securities and...
View ArticleCoen appointed secretary general of Basel banking committee
William Coen has been appointed secretary general of the Basel Committee, a body of global banking regulators, which is phasing in tougher capital requirements for lenders in the wake of the 2007-09...
View ArticleU.S. court revives EU money laundering case against RJ Reynolds
A U.S. appeals court has revived a European Union lawsuit accusing R.J. Reynolds of running a global money-laundering scheme with organized crime groups that involved the smuggling of drugs and...
View ArticleGoldman, JPMorgan, LME seek dismissal of aluminum price-fixing lawsuits
Goldman Sachs Group Inc, JPMorgan Chase & Co, the London Metal Exchange and warehouse operators want a judge to throw out lawsuits saying that from May 2009 they conspired to reduce the supply and...
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