EU and U.S. target banking, energy, defense in setting new Russia sanctions...
The European Union and the United States on Tuesday announced further sanctions against Russia, targeting its energy, banking and defence sectors in the strongest international action yet over Moscow's...
View ArticleNew York regulator wants government monitors in Deutsche Bank, Barclays -report
New York's banking regulator wants government monitors placed in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, the Wall Street...
View ArticleU.S. court upholds $67 million verdict against TD Bank in Ponzi suit
A U.S. federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme...
View ArticleU.S. judge says SEC can't seek $1.4 billion from Texas Wylys in trading fraud...
A U.S. judge on Tuesday ruled that a securities regulator cannot seek as much as $1.4 billion in damages from Texas tycoon Sam Wyly and his late brother Charles' estate for their role in a fraudulent...
View ArticleU.S. sanctions unit targets Chinese nationals accused of synthetic drug...
The U.S. Treasury Department unit responsible for sanctions on Tuesday pushed forward its campaign against people and entities suspected of involvement in the trafficking of synthetic drugs,...
View ArticleCFTC fines JPMorgan unit for submitting inaccurate trading reports
JPMorgan Securities must pay the Commodity Futures Trading Commission $650,000 to settle charges that it filed false reports about its large trades. The CFTC uses the reports to determine whether a...
View ArticleU.S. lawyer groups launch effort to prevent elder financial fraud
Lawyers will have access to training on identifying elderly clients who have fallen prey to financial scams under a continuing education program introduced Tuesday by the American Bar Association and...
View ArticleEXCLUSIVE: IEX venue's "speed bump" may prompt U.S. fastest-execution rule...
U.S. regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group's plans to become a full-fledged stock exchange....
View ArticleMoscow fights back after sanctions; EU releases list
Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian rebels of placing land...
View ArticleBank of America ordered to pay $1.27 billion for 'Hustle' shoddy mortgage fraud
A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp. U.S. District Judge Jed Rakoff in...
View ArticleExecutives of defunct commodities pool SK Madison charged with fraud
Manhattan federal prosecutors on Wednesday charged the principals of SK Madison Commodities, LLC, an unregistered commodities trading pool, with commodities, securities and wire fraud, and conspiracy,...
View ArticleAgency owner, insurance agents sentenced over fraud in life policies sold to...
Three insurance agents were sentenced to federal prison on Wednesday for deceiving the companies whose policies they sold into issuing STOLI – stranger-owned, also called stranger-originated – life...
View ArticleU.S. Treasury proposes rule on "beneficial ownership" of accounts at...
The United States unveiled on Wednesday a long-delayed rule that would require banks and broker-dealers to identify hidden account owners in order to combat money laundering by peering behind shell...
View ArticleBig U.S. banks' funding advantage reduced, could rise in crisis - official
Big U.S. banks' ability to borrow at lower rates than smaller competitors has eroded since the 2007-2009 meltdown but could return in a crisis, a U.S. official said, previewing a highly anticipated...
View ArticleCredit Suisse says probed by regulators about dark pools
Swiss bank Credit Suisse on Thursday became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools. The bank is one of the...
View ArticleCompliance officers face enforcement if they 'close their eyes' to tough new...
Compliance officers need to carefully scrutinise their books and existing business relationships or face the possibility of enforcement action in light of tough new sanctions imposed on Russian banks...
View ArticleEx-broker fined $850,000 by SEC for scheme to profit from terminally ill
A former broker who masterminded an annuity scheme to profit from the deaths of terminally ill patients has agreed to an $850,000 fine and to be banned from the securities industry, the U.S. Securities...
View ArticleSEC bars adviser president over disclosure violations
The Securities and Exchange Commission on Thursday barred Jason D. Huntley, former president of an investment adviser, for failing to disclose facts giving rise to material conflicts of interest in...
View ArticleNew CFTC chief: compliance, enforcement top priorities as rules push slows
The new chairman of the Commodity Futures Trading Commission said he intends to make compliance and enforcement his top priority as he begins his term at the derivatives and swaps regulator. Timothy...
View ArticleAre the FCA's whistleblowing reforms all bark and no bite?
Along with its banking accountability and remuneration papers, the Financial Conduct Authority has published a note on its whistleblowing, which some consider all bark and no bite. The regulator has...
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