UK's Financial Conduct Authority has prioritised most serious Libor cases
Britain's financial regulator said it had prioritised the worst cases of Libor benchmark interest rate fixing, providing a signal that the largest fines for banks' alleged role in the scandal may...
View ArticleBlackstone, KKR, TPG in talks to settle deal collusion lawsuit - sources
Blackstone Group LP, KKR & Co LP and TPG Capital LP are in talks to settle a U.S. lawsuit accusing them of conspiring not to outbid each other and other buyout firms on takeovers of companies, two...
View ArticleSoprano's star's ex-husband, others accused of $300 million stock fraud
U.S. authorities unveiled criminal charges on Thursday accusing seven people, including a banking executive once married to a star of "The Sopranos," of running a $300 million stock manipulation scheme...
View ArticleFINRA launches review of securities arbitration system
The Financial Industry Regulatory Authority (FINRA) has launched a task force to review its controversial arbitration system in which investors must resolve their legal disputes with brokerage firms,...
View ArticleSEC scuttles Nasdaq options rebate plan as conflict with competition,...
The U.S. Securities and Exchange Commission has denied a plan by Nasdaq OMX Group Inc to offer rebates to some of the biggest customers of one of its options exchanges, based on the amount of trading...
View ArticleCanadian securities regulators expand audit quality transparency requirements
Canada's capital markets standard-setter has expanded the triggers that require accounting firms to notify securities regulators of remedial actions imposed by the country's audit oversight body. The...
View ArticleU.S. SEC bans Seattle adviser who borrowed $8 million in client funds
The U.S. Securities and Exchange Commission has barred a Seattle investment adviser from the industry for using $8 million of investors' funds to make loans to himself, including one for a rare...
View ArticleU.S. Treasury sanctions Tanzania's FBME Bank over Cyprus AML concerns
The U.S. Treasury Department's anti-money laundering unit on Thursday named Tanzania's FBME Bank Ltd, formerly known as the Federal Bank of the Middle East, a foreign financial institution of primary...
View ArticleEXCLUSIVE: U.S. SEC targets 10 firms in high-frequency trading probe
The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an...
View Article"Culture of compliance" terms grow more common in U.S. enforcement deals,...
Embedded in the escalating use of non-prosecution (NPA) and deferred prosecution agreements (DPA) by U.S. regulatory agencies has been an increasing focus on directors and senior management and the...
View ArticleEx-Santander executive to pay $1.9 million in SEC insider trading case
A former Banco Santander SA executive will pay $1.92 million to settle a U.S. lawsuit accusing him of insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc by mining...
View ArticleTrading firms raised early concerns about Barclays' dark pool -report
Trading firms and employees raised concerns about high-speed traders at Barclays Plc's "dark pool" months before the United States accused the bank of favoring its high-frequency trading clients, the...
View ArticlePenalty for New York forex dealer highlights need for diligence beyond the...
The National Futures Association on Friday fined Forex Capital Markets LLC, a Manhattan-based retail foreign currency exchange, dealer, $200,000 for conducting business with an unregistered entity and...
View ArticleBarclays' post-lawsuit dark pool trading program volume falls further
Trading activity has slumped in Barclays Plc's U.S. share trading venue after New York's attorney general accused the British bank of misleading its customers and giving an unfair edge to high-speed...
View ArticleBank of America employee jailed for bribery on property valuations
A former Bank of America employee was sentenced on Monday to 30 months in federal prison for taking bribes to approve artificially low short sales of properties on which the bank held mortgages, the...
View ArticleFormer Qualcomm executive admits insider trading and money laundering,...
A former executive with wireless technology firm Qualcomm Inc on Monday pleaded guilty to insider trading and related money laundering, federal prosecutors in San Diego said. Jing Wang, 51, Qualcomm's...
View ArticleCanada to impose 'broad' sanctions on Russia, citing Malaysian Airlines crash...
Canada will impose new sanctions against a wide range of Russian entities, including measures to target entire sectors of Russia's economy, Prime Minister Stephen Harper's office announced on Monday....
View ArticleCFTC commissioner and Dodd-Frank critic O'Malia to exit agency
Scott O'Malia is to resign from Commodity Futures Trading Commission after serving as a leading critic of the agency's post-financial crisis regulatory drive. O'Malia, a Republican, has served four...
View ArticleFed's Fischer brings fresh thought into the "too-big-to-fail" debate
In his first speech as Federal Reserve vice chairman, Stanley Fischer challenged conventional wisdom that breaking up banks is better in managing them for supervisory and regulatory purposes, and...
View ArticleBarclays, Deutsche Bank helped funds avoid taxes, leverage limits - U.S....
The head of a powerful U.S. Senate panel has accused Deutsche Bank AG and Barclays Plc of helping hedge funds avoid taxes and bypass federal limits on leverage, calling for tougher action from the...
View Article