Ex-Goldman trader Taylor turning himself in to authorities - sources
Ex-Goldman Sachs Group Inc trader Matthew Marshall Taylor is expected to turn himself in to federal authorities to plead guilty to charges that he defrauded the Wall Street bank out of $118 million in...
View ArticleSEC opens door to limited use of social media for corporate disclosures
Companies and top officers may use social media to make potentially market-moving announcements as long as they have told investors, and financial analysts and intermediaries, that they might do so,...
View ArticleForeign bank curbs won't hurt global reform, says Fed's Tarullo
Plans to tighten oversight of foreign banks in the United States are crucial for financial security and pose no threat to global banking reform, the Federal Reserve's point person on financial...
View ArticleOntario Securities Commission chair Howard Wetston appointed vice chair of IOSCO
The Ontario Securities Commission (OSC) has announced that Chair Howard Wetston Q.C. has been appointed a vice chair of the board of the International Organization of Securities Commissions (IOSCO),...
View ArticleRetirement rollovers can be misleading, confusing -U.S. watchdog
Workers encounter confusion and misleading information when they leave their jobs and roll over their retirement money into individual retirement accounts, or IRAs, from company-sponsored 401(k) plans,...
View ArticleSEC needs better controls to protect non-public data - watchdog
Sensitive non-public information could be compromised if the U.S. Securities and Exchange Commission fails to take additional steps to improve its internal controls, an agency watchdog has found. In...
View ArticleGerman regulators probe Deutsche Bank accounts - sources
Germany's Bundesbank and financial watchdog Bafin are conducting an in-depth probe of Deutsche Bank AG's accounts over allegations that it failed to correctly value a derivatives portfolio, sources...
View ArticleU.S. Treasury removes Colombian pro soccer team from blacklist after suspect...
The U.S. Treasury Department on Wednesday said it had removed the Colombian professional soccer team America de Cali from its blacklist. This highly unusual announcement carried a simple message –...
View ArticleCanadian securities regulators implement disclosure requirements for...
The Canadian Securities Administrators (CSA) are implementing new requirements to ensure all investors receive essential information about the costs and performance of their investments. The new...
View ArticleEx-US regulators Born, Barofsky sound off against revolving door, "too big to...
A "revolving door" of officials leaving government agencies to work in the private sector is harming the ability of regulators to enforce rules and protect the financial system, a former chairman of...
View ArticleJPMorgan wins dismissal of most Dexia mortgage claims
JPMorgan Chase & Co has won the dismissal of nearly all of a lawsuit accusing it of misleading the Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage debt. The...
View ArticleFormer U.S. broker pleads guilty to insider trading
Former broker Thomas Conradt pleaded guilty Wednesday to insider trading charges related to trades he made ahead of a $1.2 billion acquisition by International Business Machines Corp in 2009. In court...
View ArticleOntario Securities Commission fines, bans "qualified person" in landmark...
In a landmark settlement, the Ontario Securities Commission (OSC) has fined and permanently banned Bernard Boily for falsifying scientific research used in press releases by Bear Lake Gold Ltd., a...
View ArticleFed approves definition of "financial activities" extent, to be critical for...
The Federal Reserve Board on Wednesday announced approval of a final rule that establishes the requirements for determining when a company is "predominantly engaged in financial activities." The...
View ArticleFinancial-and-operations principal must be in the compliance loop, FINRA...
An enforcement action by the Financial Industry Regulatory Authority against a Manhattan broker-dealer shows why a firm should confirm that its investment bankers effectively communicate the terms of...
View ArticleEx-Goldman trader Taylor pleads guilty to wire fraud
Ex-Goldman Sachs Group Inc trader Matthew M. Taylor pleaded guilty on Wednesday to defrauding the Wall Street bank with an unauthorized $8.3 billion futures trade in 2007, saying he exceeded internal...
View ArticleMost Basel members miss own deadline for new bank rules
The world's top banking regulatory body said over half its members missed the January deadline set by global leaders for introducing tougher rules to make banks safer. Critics say the delay underlines...
View ArticleHSH Nordbank in settlement on money-laundering checks
The New York branch of Germany's HSH Nordbank AG will improve its anti-money laundering controls under an agreement with regulators released by the U.S. Federal Reserve on Thursday. The Fed and the New...
View ArticleU.S. Fed finalizes standards for retail transactions in forex instruments
The Federal Reserve Board on Thursday announced the finalization of standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions...
View ArticleSEC final rule streamlines requirements for dually registered clearing agencies
The U.S. Securities and Exchange Commission on Wednesday announced a final rule that streamlines the process for rulemaking by clearing agencies that are registered with both the SEC and the Commodity...
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