U.S. mortgage task force to take action soon, New York attorney general says
The mortgage task force formed by President Barack Obama to probe misconduct that contributed to the financial crisis will soon take legal action, New York Attorney General Eric Schneiderman said on...
View ArticleFINRA chief Ketchum urges broker dealers to test their controls for trading...
Broker dealers should take the time to test their risk-management controls for trading glitches or systems errors that can cause major disruptions to markets and to investors, a top regulatory official...
View ArticleU,S. regulators probe 'mini-manipulation' of stocks, options
Regulators are getting more complaints about the alleged "mini-manipulation" of stocks so that favorable positions can be established in stock options, the head of the securities' industry watchdog...
View ArticleSEC lowers fine for early cooperator in insider trading probe
An alleged beneficiary of an insider trading tip who promptly offered extensive cooperation in the investigation was rewarded with an extensive reduction in his fine, the Securities and Exchange...
View ArticleSEC's Schapiro: U.S. risk council must push for money market reforms
The U.S. government's new financial risk council must take the lead role in reducing systemic risk posed by money-market funds, Chairman of Securities and Exchange Commission Mary Schapiro wrote in a...
View ArticleU.S. audit watchdog in tentative deal to observe in China - official
U.S. authorities have reached a tentative agreement to observe official auditor inspections in China, moving a step closer to better oversight in that country, an official at a U.S. audit watchdog...
View ArticleDiscover to pay $200 million to cardholders over U.S. phone marketing
Discover Financial Services said its subsidiary, Discover Bank, will pay about $200 million to cardholders who bought certain credit-protection products over the phone, as part of an agreement with...
View ArticleInfinity Futures fined by CFTC over customer funds
Infinity Futures LLC, an introducing broker, was ordered to pay $340,000 over supervision violations, the U.S. Commodity Futures Trading Commission said on Friday. The CFTC said Infinity employees...
View ArticleCiti to pay penalty for position-limits violation
The Commodity Futures Trading Commission on Friday ordered Citigroup Inc and a subsidiary to pay a $525,000 penalty for violating position limits, which cap the number of contracts any trader can hold...
View ArticleThree states join Dodd-Frank lawsuit filed by think tank, liquidation of...
Three U.S. states have joined a lawsuit that challenges the constitutionality of the 2010 Dodd-Frank law that overhauled U.S. financial oversight and created the Consumer Financial Protection Bureau....
View ArticleU.S. CFTC commissioner aims for conflict-of-interest rules by year end
A top regulator at the U.S. Commodity Futures Trading Commission called on Friday for the agency quickly to finalize rules aimed at preventing conflicts of interest at derivatives exchanges and...
View ArticleRegulators give trading alert, training programs failing grades over disclosures
Investors seeking better returns and more control through alternative investments and strategies are not always getting the appropriate information and educational resources, the Securities and...
View ArticleIranian hackers target Bank of America, JPMorgan, Citi
Iranian hackers have repeatedly attacked Bank of America Corp, JPMorgan Chase & Co and Citigroup Inc over the past year as part of a broad cyber campaign targeting the United States, according to...
View ArticleCFTC issuing no-action letters, guidance on swaps rules compliance
The Commodity Futures Trading Commission will begin issuing no-action letters and interpretive guidance for firms who have to register as swap dealers in the $650 trillion global over-the-counter swaps...
View ArticleStandard Chartered agrees to hire anti-laundering monitor and auditor in deal...
A written agreement signed on Friday by New York's banking regulator and Britain's Standard Chartered Bank aimed at settling alleged anti-money laundering and sanctions compliance failures at the...
View ArticleGlobal regulators beef up oversight of cross-border financial groups
Citigroup, ING and other cross-border financial groups will have to assess risks across their different operations under tougher supervisory guidelines published by global regulators on Monday, aiming...
View ArticleWealth seminar operator agrees to cease and desist order with Washington...
The Washington State Department of Financial Institutions said it has issued a cease and desist order against a man accused helping to sell $11 million in unregistered mining securities. Under the...
View ArticleAlabama man indicted for allegedly burning investors in cookware Ponzi scheme
Edward Lincoln Forehand, 68, was indicted on Monday in the U.S. District Court for the Middle District of Alabama on charges of allegedly bilking 87 people out of $3 million by promoting investments in...
View ArticleCME seeks to ease angst over energy swaps with tweaks
CME Group Inc moved on Monday to ease energy traders' concerns over new regulations covering the over-the-counter swaps market, making it easier to trade a swathe of the exchange's key ClearPort...
View ArticleU.S. clears path for more sanctions on Iran oil deals
The U.S. government officially linked Iran's state oil company to the country's Islamic Revolutionary Guard Corps on Monday, a determination that enables Washington to apply new sanctions on foreign...
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