U.S. jury convicts adviser over fraud tied to microcaps, NY horse firm
An investment adviser in his 70s was found guilty on Thursday on charges he defrauded clients by funneling money to a New York horse racing firm and small, thinly traded companies in exchange for...
View ArticleU.S. Senate panel to consider 'too-big-to-fail' report next week
A U.S. Senate panel will meet next Thursday to discuss results of a much anticipated government study that looked at whether the biggest banks can borrow at lower interest rates because investors think...
View ArticleBNP Paribas to pay $80 million for defrauding U.S. agriculture department
The U.S. Justice Department announced on Thursday that a Federal court entered judgment against French bank BNP Paribas for $80 million for defrauding a program designed to encourage American exports....
View ArticleMuni advisors to have compliance and supervisory requirements, MSRB says
Financial firms that help governmental entities below the federal level raise and temporarily invest funds will be required to have compliance and supervisory programs, the Municipal Securities...
View ArticleLloyd's confirms close to LIBOR settlement
The long-awaited fine on Britain's Lloyds Banking Group in relation to the benchmark interest rate (LIBOR) fixing allegations will be announced next week, two sources familiar with the inquiry told...
View ArticleCanada to impose sanctions on range of Russian firms and banks
Canada said on Thursday it would impose sanctions on a range of Russian firms and banks to punish Moscow for what it said was the illegal occupation of Crimea and "provocative military activity" in...
View ArticleOFAC fines Bank of America $16.6 million, cites previously corrected...
The U.S. Treasury Department has fined Bank of America $16.6 million for allegedly processing hundreds of transactions for people on a sanctions blacklist targeting drug traffickers, the Department...
View ArticleEU edges to economic sanctions on Russia but narrows scope
The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial...
View ArticleJP Morgan questioned on private bank impropriety -report
JPMorgan Chase & Co executives have faced regulators' questions on whether private bank advisors guide clients to buy the firm's own financial products, according to a report in the Wall Street...
View ArticleEx-Bank of America trader who aided probe avoids prison in muni bond case
A former Bank of America Corp derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the...
View ArticleGoldman mortgage deal with federal agency could reach $1.25 billion
A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank...
View ArticleLloyds Banking Group to pay $370 million Libor rigging fines
Britain's Lloyds Banking Group has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a...
View ArticleWest agrees wider wider Russia sanctions targeting finance, defense, energy
U.S. and European leaders agreed on Monday to impose wider sanctions on Russia's financial, defence and energy sectors as Ukraine said its forces advanced towards the crash site of Malaysian flight...
View ArticleMOVES: Citigroup general counsel departs for law firm
Citigroup Inc's deputy general counsel, Elizabeth Sacksteder, has left the bank to join law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner in the litigation department. Sacksteder...
View ArticleNasdaq CEO says maker-taker model has value, but fees too high
Nasdaq OMX's chief urged U.S. regulators on Monday to re-examine the pricing model that stock exchanges use to attract trading, joining the debate about a fee-based incentive for traders that has come...
View ArticleEx-Harbinger hedge fund COO settles SEC claims he aided fraud
The former chief operating officer of Philip Falcone's hedge fund Harbinger Capital Partners has agreed to pay $200,000 to resolve charges he aided a scheme to misappropriate fund assets, the U.S....
View ArticleInvestor files U.S. lawsuit over Barclays 'dark pool'
A U.S. investor is suing Barclays and current and former bosses over losses suffered after New York's attorney general accused the British bank of lying to customers regarding its electronic trading...
View ArticleSEC waives 'bad actor' disqualification despite adviser's flaws in best...
The Securities and Exchange Commission on Monday sanctioned a dually registered broker-dealer and investment adviser, Dominick & Dominick LLC, and Robert X. Reilly, its chief financial officer, for...
View ArticleU.S. regulators looking into UBS, Deutsche Bank speed trading operations
Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to...
View ArticleDisconnect between company values, regulations is risky, foreign firms in...
Recent cases of wrongdoing by both U.S. and foreign banking institutions highlight a gulf between the regulations organizations need to follow and the cultures and value systems of their internal...
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