U.S. investigators say JPMorgan "manipulated" power trading - report
U.S. government investigators have found that JPMorgan Chase & Co had manipulated trading in the California and Michigan electricity markets, the New York Times reported. The newspaper said it had...
View ArticleRomanian nationals extradited to Brooklyn to face cyber fraud and money...
Three Romanian nationals have been extradited to Brooklyn to face federal charges for their alleged roles in a Europe-based cyber fraud and money laundering ring that bilked buyers on eBay.com and...
View ArticleCanadian Securities Administrators undertake review following loss of...
The Canadian Securities Administrators (CSA) has announced that, as part of its continuing oversight, it will review the Investment Industry Regulatory Organization of Canada’s (IIROC) policies,...
View ArticleU.S. consumer watchdog expands probe into auto lender industry -report
The Consumer Financial Protection Bureau (CPFB) expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the Wall...
View ArticleU.S. ex-fund manager sentenced to prison for insider trading
Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/2 years in prison on Thursday for insider trading in the stock of Dell Inc and Nvidia Corp. U.S. District Judge...
View ArticleSAC fund to adopt claw-back provision, beef up compliance
Hedge fund titan Steven A. Cohen, whose $15 billion firm has been under fire for alleged insider trading, took an unprecedented step when he said on Thursday SAC Capital Advisors would begin clawing...
View ArticleCanadian investment regulator fines, suspends rep for KYC, gatekeeper violations
The Investment Industry Regulatory Organisation of Canada (IIROC) has fined and sanctioned a registered representative for his failure to conduct proper due diligence and to fulfil the role of...
View ArticleSEC, in signal on fund enforcement, settles charges with Nebraska mutual fund...
Trustees for a pair of Nebraska mutual fund trusts and two fund services firms on Thursday settled civil charges alleging they provided misleading disclosures, with the latest case arising from...
View ArticleCredit Suisse says ex-VP stole trade secrets in move to Goldman
Credit Suisse Group AG sued the former vice president of its emerging markets group on Friday, claiming she stole confidential documents and trade secrets to transfer business to her new employer,...
View ArticleAssured says to be paid $358 million as it settles UBS suit
Bond insurer Assured Guaranty Ltd said it reached a settlement with UBS AG in a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of...
View ArticleU.S. judge blocks Saudi investor's $383 million FINRA arbitration case...
Citigroup Inc has won an injunction blocking a $383 million arbitration case filed by a Saudi Arabian investor who accused the bank of "virtually wiping out" his family's wealth. U.S. District Judge...
View ArticleSwiss bank Frey said to be considering U.S. branch to head off tax probe
Switzerland's Bank Frey may seek to open in the United States and bring American customers onshore in an attempt to fend off possible investigation into suspicions that it helped U.S. clients to evade...
View ArticleU.S. regulator warns about misleading investors in non-traded REITs
The Financial Industry Regulatory Authority is cautioning brokerage firms about the way they market some real estate investment trusts after a review by the Wall Street watchdog revealed problems,...
View ArticleSEC's White sees "appropriate and balanced" money fund rules, guarded on details
The top U.S. securities regulator remained tight-lipped on Friday about the details of her agency's efforts to craft reforms for money market funds, probably disappointing an audience of fund industry...
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View ArticleU.S. could order bank capital standards stricter than Basel III, Fed's...
U.S. regulators could order the biggest banks to ramp up their capital holdings beyond what is called for under an international agreement, a top Federal Reserve official said on Friday. Fed Governor...
View ArticleStates urge U.S. SEC to halt forced investor arbitrations
U.S. state securities regulators on Friday urged the SEC to prohibit Wall Street brokerages from requiring customers to settle legal disputes through arbitration, which prevents customers from going to...
View ArticleJPMorgan shareholders urged to reject three directors over risk failures
JPMorgan Chase & Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 billion of losses on the so-called...
View ArticleU.S. regulator says Fannie, Freddie to buy only "qualified" loans
Mortgage financiers Fannie Mae and Freddie Mac will limit their purchases to loans that meet a new federal definition of a "qualified mortgage" starting next year, the housing giants' regulator said on...
View ArticleU.S. pension fund files suit against bank CDS "conspiracy"
A U.S. pension fund has initiated a class action lawsuit against a group of the world's largest banks, accusing them of "conspiring" to scuttle competition in the $27 trillion credit default swap (CDS)...
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