Former Swiss banker pleads guilty in U.S. tax probe
A former Swiss banker pleaded guilty to fraud on Tuesday almost two years after the U.S. government placed him under limited home confinement as part of a long-running investigation of Swiss banks and...
View ArticleOntario Securities Commission issues penalty in C$10 million international...
The Ontario Securities Commission (OSC) has fined and permanently banned Shaun Gerard McErlean for defrauding international investors of over C$10 million. An OSC disciplinary panel found that McErlean...
View ArticleADM in talks with U.S. government on bribery probe
Archer Daniels Midland Co, one of the world's top grain traders, said it is negotiating with the U.S. government to resolve possible violations of U.S. foreign bribery laws and could face penalties....
View ArticleBC Securities Commission fines Bahamas firm for illegal trading
The British Columbia Securities Commission (BCSC) has ordered a Bahamas-based firm to pay C$300,000 for unregistered-securities trading and advising. The regulator also stressed that the firm was being...
View ArticleAmericans hand Obama a second term, challenges await
President Barack Obama won a second term in the White House on Tuesday, overcoming deep doubts among voters about his handling of the U.S. economy to score a clear victory over Republican challenger...
View ArticleStockbroker in Broadway scam stole from clients - regulator
Wall Street's self-regulator has accused the man involved in one of Broadway's biggest frauds with stealing or rerouting at least $8.5 million from his brokerage clients. The charges, listed in a...
View ArticleMarkets passed continuity drill, then Sandy hit; regulators and market...
U.S. capital markets passed a set of business continuity program drills last month, then two days later endured a real-life test in the form of storm Sandy, officials of the Securities and Exchange...
View ArticleU.S. judge dismisses Hamas financing suit against Arab Bank
A federal judge on Tuesday threw out a lawsuit brought by a U.S. man wounded in the Middle East who sought to hold Arab Bank liable for providing material support to the Palestinian group Hamas. U.S....
View ArticleGoldman urges court to require arbitration in gender bias case
A lawyer for Goldman Sachs urged a U.S. appeals court Wednesday to send a former employee's gender discrimination dispute to arbitration rather than allow her to proceed with a proposed class action....
View ArticleJPMorgan gets approval to resume stock buybacks
JPMorgan Chase & Co said U.S. regulators have approved a plan for the bank to use its capital to buy back as much as $3 billion of its stock in the first quarter of 2013. JPMorgan had suspended...
View ArticleInvestors lose $1.9 million bond fund case against Morgan Keegan
Morgan Keegan & Co has prevailed against a group of investors who filed an arbitration claim against the brokerage seeking more than $1.9 million in damages for losses tied to a series of troubled...
View ArticlePost-election SEC could emphasize enforcement over rule-writing, says former...
With the U.S. Congress still politically divided after the elections that returned President Barack Obama to office, the U.S. Securities and Exchange Commission is likely to take an enforcement...
View ArticleUK bank body proposes culling most Libor rates by April
Most Libor interest rates should be scrapped by April to restore trust in what remains of the tarnished benchmark that was rigged by Barclays and other banks, a trade body said on Thursday. The British...
View ArticleUS sees talks with China on corporate audits
U.S. regulators have made another step in normalizing relations with China on oversight of corporate auditing aimed at the many Chinese companies listed on U.S. stock exchanges. U.S. officials for the...
View ArticleMexico's banks well-capitalized even under stress, watchdog says
Mexico's commercial banks are well-capitalized and able to withstand tougher trading conditions, the country's financial stability watchdog said on Thursday. Stress tests showed that banks would...
View ArticleEXCLUSIVE: SEC left computers vulnerable to cyber attacks -sources
Staffers at the U.S. Securities and Exchange Commission failed to encrypt some of their computers containing highly sensitive information from stock exchanges, leaving the data vulnerable to cyber...
View ArticleFINRA expels Hudson Valley Capital, CEO in day-trading fraud
Wall Street's industry funded regulator has expelled Hudson Valley Capital management and its chief executive officer from the securities industry for defrauding its clearing firm and customers to...
View ArticleGoldman futures VP caused $118 million loss on made-up, hidden trades,...
A former vice president at Goldman Sachs' futures commission merchant, or brokerage, division fraudulently fabricated and concealed trades from his firm and obstructed their discovery, the Commodity...
View ArticleU.S. in talks with dozens of nations on FATCA anti-tax dodge pacts
In a step toward reining in offshore tax evasion, the U.S. Treasury Department on Thursday said it was close to finalizing tax information-sharing pacts with countries ranging from Canada to islands...
View ArticleLongtime Madoff employee admits decades of fraud
One of Bernard Madoff's longest-serving employees pleaded guilty on Thursday to falsifying records, a conspiracy that a prosecutor said began in the 1970s at the start of the multibillion-dollar Ponzi...
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