Global regulators need to reach consensus on safety standards for...
Despite the various mechanisms which are in place to ensure the safety of the financial system, global regulators need to develop a consensus on safety standards for derivatives trades, a conference...
View ArticleCalifornia man helped rob armored car facility and laundered proceeds,...
A California man has been indicted on robbery, money laundering, structuring and other charges for his alleged role in the August 2011 robbery of an armored car warehouse in Santa Rosa, federal...
View ArticleInternal compliance reporting programs must consider motivations for acting,...
Preventing fraud, not just reacting once it occurs, should be the goal of every corporate compliance program, but business has a mixed record in encouraging employees to report suspected misconduct...
View ArticleCFTC sues broker for trying to manipulate wheat futures prices
U.S. regulators on Tuesday sued a futures broker and two trading companies for attempting to manipulate wheat futures prices by electronically entering and immediately cancelling orders they did not...
View ArticleU.S. judge dismisses sanctions case against Barclays
A federal judge ended a two-year-old case against Barclays involving its dealings with sanctioned countries, closing one investigative chapter against the bank even as it faces multiple continuing...
View ArticleEx-Goldman director Gupta to stay free on bail - court
Former Goldman Sachs Group Inc board member Rajat Gupta can remain free on bail while he appeals his insider-trading conviction, an appeals court ruled on Tuesday. Gupta had been scheduled to surrender...
View ArticleSenator-elect Warren to get Senate Banking seat, putting focus on Dodd-Frank...
Senator-elect Elizabeth Warren has secured a seat on the Senate Banking Committee, congressional sources said in disclosing a move that brings a high-profile industry critic to a panel that has a major...
View ArticleSpeed traders make money off small investors, finds U.S. study that triggers...
High-speed traders make money off the back of small investors without taking much risk themselves, a top U.S. government researcher found, potentially posing a setback for the sector as regulators...
View ArticleCFTC no-action letter eases registration requirements for swaps-using...
The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight on Wednesday issued a no-action letter to operators of business development companies. The letter states...
View ArticleNew York regulator requires monitor to oversee Ocwen mortgage practices
A New York state regulator said it has ordered Ocwen Financial Corp to hire a monitor to make sure the growing mortgage servicer complies with a previous agreement to reform its practices. The New York...
View ArticleNasdaq attorney calls on SEC to review proxy rules
Nasdaq OMX Group's top attorney called on regulators to finish a review of the proxy system that governs U.S. companies, saying proxy advisory firms are too opaque. Completing a review of the proxy...
View ArticleSEC's Aguilar says staff has completed money fund study
The U.S. Securities and Exchange Commission's staff has completed a study looking at whether rules implemented in 2010 were enough to shore up the $2.6 trillion money market fund industry, SEC...
View ArticleDeloitte hires former U.S. SEC chief accountant, also in talks with ex-FSA...
The former chief accountant of the U.S. Securities and Exchange Commission is rejoining Deloitte LLP as the Big Four audit firm confronts increased regulatory scrutiny. James Kroeker, who left the SEC...
View ArticleForex trader must pay $2.5 million to Miami brokerage over unauthorized trades
A former head of the foreign currency desk at a Miami-based financial services company must pay the firm nearly $2.5 million for breaching the terms of his employment by allegedly making unauthorized...
View ArticleU.S. SEC loses general counsel, chief of trading and markets
The U.S. Securities and Exchange Commission said on Wednesday that two more major regulators will be leaving the agency. The SEC said Robert Cook, the director of the Trading and Markets Division, and...
View ArticleU.S. Justice Department expands probe into Saudi bank licenses, says source
A U.S. investigation into whether Barclays Plc paid bribes to win a banking license in Saudi Arabia has spread to other banks that operate in the region, according to a person familiar with the matter....
View ArticleWebsite names tied to crowdfunding spike -U.S. state regulators
A spike in website names related to crowdfunding suggests an upcoming wave of websites through which small businesses and entrepreneurs could raise investments using the online strategy, state...
View ArticleCFTC files civil suit against commodity trader Hunter Wise
The top U.S. derivatives regulator on Wednesday filed a civil complaint against Hunter Wise Commodities and accused the company of fraudulently marketing commodity contracts. The Commodity Futures...
View ArticleSEC charges Wells Fargo banker, 9 others in insider-trading case
U.S. securities regulators on Wednesday charged a Wells Fargo investment banker and nine others for their alleged role in an insider-trading ring that earned more than $11 million by trading on tips...
View ArticleEXCLUSIVE: HSBC might pay $1.8 billion U.S. money-laundering fine, sources say
HSBC Holdings Plc might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. The...
View Article
