U.S. Senator Warren's rebuke of financial regulators goes viral
Democratic Senator Elizabeth Warren's strong criticism of U.S. financial regulators last week has inspired a liberal political action committee to launch an online petition urging the Securities and...
View ArticleRussian central banker slams vast criminal cash exports, critic sees "state...
Russia's central bank chief complained on Wednesday that some 2.5 percent of the national income was illegally siphoned abroad last year - a revelation critics said showed the extent of corruption...
View ArticleFBI investigating potential insider trading in Heinz
The FBI is looking into possible insider trading in the options of ketchup maker H.J. Heinz Co before its blockbuster deal last week to be acquired by Warren Buffett and Brazil's 3G Capital, a bureau...
View ArticleCFTC fines London-based futures broker over minimum capital requirements errors
The Commodity Futures Trading Commission fined Enskilda Futures Limited, a London-based futures commission merchant, or broker, $125,000 on Tuesday for failing to meet the minimum capital requirements...
View ArticleU.S. drafting customer due-diligence rules, to maintain risk-based approach -...
The U.S. Treasury Department and its anti-money laundering unit have begun writing a proposed rule aimed at strengthening and clarifying what banks and broker-dealers must do to ensure they know the...
View ArticleSEC to propose business-continuity reforms for broker dealers and exchanges
Twenty-five years after investors overwhelmed trading systems in a sell-off that led to the 1987 stock market crash, the Securities and Exchange Commission is again looking at reforms that would force...
View ArticleIncoming IOSCO chair to push for more sophisticated investor testing
The incoming chairman of the International Organisation of Securities Commissions (IOSCO) has revealed he will use his role to urge regulators globally to push for more advanced tests for measuring...
View ArticleWe were not slower than CFTC to investigate Libor rigging, FSA insists
The Financial Services Authority has denied that it was slower than the U.S. Commodity Futures Trading Commission to investigate manipulation of the London Interbank Offered Rate. The FSA said it...
View ArticleCFPB director says consumers remain plagued by deceptive marketing
The Consumer Financial Protection Bureau is focused on rooting out deceptive and misleading marketing that continues to plague consumer financial products, Richard Cordray, the agency's director, said....
View ArticleBoston jury awards crime writer Patricia Cornwell $51 million
Crime novelist Patricia Cornwell and her spouse won nearly $51 million in a federal lawsuit against their former accounting and business management firm, their attorney said on Wednesday. Cornwell and...
View ArticleU.S. DOJ probing JPMorgan over Bear Stearns mortgage products
The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Stearns provided misleading information about its mortgage products during the lead-up to the financial...
View ArticleSEC charges adviser with defrauding investors through risky CMOs, bogus...
The Securities and Exchange Commission has charged an unregistered investment adviser and its owner with deceiving investors about the safety and performance of their investments in risky...
View ArticleU.S. SEC offers guidance for foreign private issuers seeking to access U.S....
The staff of the Securities and Exchange Commission Division of Corporation Finance on Tuesday issued guidance for foreign private issuers seeking to access the U.S. capital markets. The staff...
View ArticleU.S. SEC's Aguilar urges voluntary disclosures on compensation
A top official at the U.S. Securities and Exchange Commission is urging companies to consider voluntarily giving shareholders more details on compensation, rather than wait for the agency to issue...
View ArticleU.S. Treasury prepares to review anti-laundering framework as it proceeds...
The U.S. Treasury Department's anti-money laundering unit is pressing forward on new rules governing customer due diligence and beneficial ownership, as well as for investment advisors and others, even...
View ArticleSEC finds deficiencies in hedge fund exams, issues 2013 priorities
The U.S. Securities and Exchange Commission is finding a high number of deficiencies in its initial round of hedge fund exams. Compliance gaps were seen at 75 percent of the portfolio-management...
View ArticleFINRA orders Schwab to delete arbitration consolidation waivers, leaves...
A Financial Industry Regulatory Authority hearing panel on Thursday ordered Charles Schwab & Company to remove language in its account-opening documents requiring customers to agree that...
View ArticleFormer MF Global chief Corzine may be blacklisted from futures industry by...
A key U.S futures-market regulator said Thursday it will block Jon Corzine, the former chief executive of failed broker MF Global, from the futures industry unless he clears an investigation into his...
View ArticleU.S. futures regulator charges CME over client data breaches
The top U.S. derivatives regulator on Thursday sought to fine the CME Group Inc and ban two former employees for life for leaking client data in a crackdown on the world's largest futures exchange. The...
View ArticleWatchdog says U.S. banks on track with mortgage relief
Five top U.S. banks are on track to meet their financial obligations to help struggling homeowners under a 2012 federal-state settlement to resolve mortgage abuses, the watchdog overseeing the...
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