U.S. SEC wins asset freeze against ex-Santander executive in insider case
The U.S. Securities and Exchange Commission on Wednesday won an asset freeze against a former Banco Santander executive it accused of insider trading ahead of a proposed 2010 takeover of Potash Corp of...
View ArticleQualcomm faces China bribery allegations from U.S. regulator
Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China. With smartphone...
View ArticleBipartisan group slams U.S. SEC for resisting email privacy reform
A coalition of liberals and conservatives is lashing out at the U.S. Securities and Exchange Commission for pushing back against legislation that would force government agencies to get warrants before...
View ArticleIIROC sets studies of HFT impact on Canadian market quality, integrity
The Investment Industry Regulatory Organization of Canada has selected two academic teams to assess the impact of high frequency trading (HFT) and related activity on Canadian markets. The teams are...
View ArticleEx-Nvidia manager settles U.S. SEC charges on illegal tips for hedge funds
A former accounting manager for Nvidia Corp has settled with the U.S. Securities and Exchange Commission over allegations he leaked non-public information about the chipmaker that allowed a group of...
View ArticleU.S., UK and Syrian nationals illegally exported to Syria and laundered money...
A federal grand jury in Pennsylvania has indicted three men and a company for their alleged roles in illegally exporting equipment, including some used to detect chemical warfare agents, from the...
View ArticleNew York brings first case by a state regulator to enforce Dodd-Frank...
Benjamin Lawsky, the New York Superintendent of Financial Services, on Wednesday brought the first legal action by a state regulator to enforce violations of the Dodd-Frank Act's consumer protection...
View ArticleRussian banks move funds home as sanctions threat looms
Russia's third biggest bank moved almost $7 billion to the central bank as tension over Ukraine rose in March and joined others in slashing its deposits in foreign banks where they could be frozen if...
View ArticleCFTC's SEF requirements raise further questions about relevance of U.S. swaps...
Concerns about liquidity and the nature of Asia's swaps markets have raised further questions about the relevance of United States and European regulations to Asia, given the differences between the...
View ArticleSchwab drops ban on class-action lawsuits by clients
Charles Schwab Corp has dropped a fight to require customers to waive their rights to participate in class action lawsuits, the company said on Thursday. Schwab, the San Francisco-based pioneer...
View ArticleEx-KPMG partner London gets 14 months for insider trading
Scott London, a former senior partner at the accounting firm KPMG LLP, was sentenced by a federal judge in Los Angeles on Thursday to 14 months in prison for insider trading. The defendant, 51, was...
View ArticleS&P cuts Russia rating, says sanctions could spell further downgrade
Credit agency Standard & Poor's cut Russia's foreign currency ratings on Friday, saying further downgrades were possible if the West imposed tighter sanctions against Moscow in response to the...
View ArticleFinCEN assesses penalty against Miami cash exchanger over anti-laundering lapses
The U.S. Treasury Department has fined a Miami-based money services business and its owner $10,000 for "wholly" failing to enact proper anti-money laundering controls in violation of the Bank Secrecy...
View ArticleBrokers should improve fee disclosure, stop overcharging customers - state...
Some broker-dealers are making windfalls by overcharging customers for clerical and administrative functions, and their regulator, the Financial Industry Regulatory Authority (FINRA), should crack down...
View ArticleU.S. Justice Department seeks over $13 billion from BofA
The U.S. Department of Justice is asking Bank of America Corp BAC.N to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing...
View ArticleWall Street watchdog FINRA mandates broker background checks
Wall Street's self-funded regulator said brokerage firms would have to conduct their own background checks on new recruits after critics pointed to gaps in disclosures by some brokers with checkered...
View ArticleFSB-IOSCO post responses to consultation on assessment methodology for...
The International Organization of Securities Commissions has jointly published with the Financial Stability Board the comment letters to the FSB- IOSCO consultative document on Assessment Methodologies...
View ArticleBank of America ex-CFO agrees to settle New York lawsuit over Merrill
Bank of America Corp's former finance chief, Joe Price, has agreed to pay $7.5 million to settle a New York lawsuit that accused the bank and its former executives of misleading investors during the...
View ArticleU.S. alleges insider trading in eBay deal
The U.S. government on Friday filed criminal and civil charges accusing a former GSI Commerce Inc executive of insider trading in advance of eBay Inc's purchase of the e-commerce company. The case...
View ArticleU.S. money manager pleads guilty in long-running fraud case
More than five years after his indictment, a U.S. money manager and onetime part owner of the New York Islanders hockey team pleaded guilty Friday to engaging in a massive securities fraud. Stephen...
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