FINRA proposes new measures to regulate high-speed trading, alternative systems
Developers of high-speed trading algorithms would have to register with regulatory authorities and alternative trading systems would have to disclose their trading volume under new market-structure...
View ArticleUK bank regulator urges more cooperation over fines between UK and United States
Closer cooperation is needed between American and British regulators to deal with the huge impact that large fines and business debarment are having on UK firms, said Andrew Bailey, chief executive of...
View ArticleN.Y. financial regulator says to focus on cyber security
New York's financial regulator said on Monday his agency will focus on cyber security over the next year, saying the possibility of a systemic attack to the financial system is one thing that keeps him...
View ArticleBNP picks investment banking head to lead response to $9 billion U.S. fine
BNP Paribas has tasked Alain Papiasse, head of its investment bank for the past five years, with overseeing its U.S. business and improving controls there in the wake of its record $8.9 billion for...
View ArticlePrivate equity adviser settles SEC charges over expense allocations
A New York-based private equity advisory firm will pay $2.3 million to settle civil charges that it breached its fiduciary duty to two funds by improperly allocating certain expenses in their company...
View ArticleSome U.S. hedge fund advisers run afoul of advertising rules -SEC
Some newly registered U.S. hedge fund advisers are "cherry-picking" investments to showcase their performance and improperly changing how they value securities, an agency official said on Monday....
View ArticleWells Fargo admits to control problems from insider-trading case
A unit of Wells Fargo will admit to wrongdoing and pay a $5 million penalty to settle charges that it failed to have adequate controls in place to prevent an employee from illegal insider trading, U.S....
View ArticleSmall offerings, older investors, brokerage fees top agenda for U.S. state...
State securities regulators will work to preserve state authority, particularly over small offerings, in the face of a push by the federal Securities and Exchange Commission, William Beatty, the new...
View ArticleNon-U.S. resident to receive SEC's largest-ever whistleblower award
The U.S. Securities and Exchange Commission is to make its largest whistleblowing award ever with the payment of more than $30 million to an unidentified foreign resident who reported information about...
View ArticleDerivatives industry calls global reporting plan a dream
Plans for a global snapshot of risks in the financial derivatives market are a "dream" that must not detract regulators from tackling discrepancies in trade reporting, a top industry official said on...
View ArticleArab Bank liable over Hamas attacks -U.S. jury
A U.S. jury on Monday found Arab Bank Plc liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the Islamic militant group in Israel and...
View ArticleJordan's central bank backs Arab Bank after Hamas case
Jordan’s central bank said it supported Arab Bank and was confident in the banks ability to defend itself against a U.S. ruling which found the country's top lender liable for financing Islamic...
View ArticleUPDATE: Barclays fined £47 million in UK, U.S. for putting £16.5 billion of...
Barclays Bank Plc has been fined £46.9 million ($76.8 million) by UK and U.S. financial regulators for failing to properly protect clients' custody assets worth £16.5 billion ($27 billion) after its...
View ArticleFATF warns of virtual currencies dangers
The Financial Action Task Force (FATF) has warned that firms need to understand properly the dangers posed by virtual currencies in order to defend themselves against the risks they pose. Valerie...
View ArticleNew ISDA chief slates extra-territorial approach to MTFs of his former...
The Commodity Futures Trading Commission’s excessively narrow approach to recognizing European multilateral trading facilities as qualifying (QMTFs) lacked goodwill and created mistrust, according to a...
View ArticleEx-tech manager at indicted money exchange pleads guilty to U.S. charge
A former information technology manager at the defunct digital currency exchange Liberty Reserve pleaded guilty to a conspiracy charge on Tuesday in New York, becoming the company’s fourth employee to...
View ArticleFed officials take aim at regulations for small banks
Federal Reserve officials on Tuesday offered their support to the nation's community banks, acknowledging that the complex financial reform effort is saddling small lenders with a heavy supervision...
View ArticleNasdaq to administer data system behind three-hour trading halt
Nasdaq OMX Group Inc won a contract to administer billing and other chores for the data feed system that sparked a three-hour trading halt in Nasdaq-listed stocks last year, but a contract to build and...
View ArticleNew U.S. CFTC member wants rethink of cross-border swaps rules
The U.S. swaps regulator should revise its policy that determines how its rules apply overseas, a new commissioner said on Tuesday, wading into a row between international regulators and his own...
View ArticleU.S. court halts bitcoin mining operation Butterfly Labs
A U.S. court has temporarily shut down Butterfly Labs, a Missouri company the Federal Trade Commission alleges deceptively marketed computers designed to produce bitcoins, the "virtual currency"...
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