U.S. Treasury blacklists Dubai businesses for Iran-related currency...
The U.S. Treasury Department on Wednesday blacklisted two Dubai-based businesses it says are providing foreign currency exchange services to sanctioned Iranian banks. When making the announcement it...
View ArticleU.S. regulator's final plan for swaps trading reduces quote minimum, allows...
The top U.S. derivatives regulator unveiled rules for swaps trading that could break open Wall Street's dominance of the $630 trillion market, yet contain important concessions to the industry. The...
View ArticleFlorida court rules state time limits apply to securities arbitration
20:06 16May13 - May 16 (Reuters) - Florida's statute of limitations can apply not only to court proceedings, but to securities arbitration cases between investors and their brokers, the Florida Supreme...
View ArticleObama slams House bill to require more economic analysis by U.S. SEC
The Obama administration came out swinging on Wednesday against a Republican-backed U.S. House bill that would require federal securities regulators to conduct more economic analysis on the industry...
View ArticleSEC's Gallagher calls for global code for proxy advisors
U.S. regulatory official Daniel Gallagher backed European efforts to ensure advisory firms give unbiased guidance on how to vote at shareholder meetings, saying on Friday there should be a global code...
View ArticleCME's Duffy questions more regs for high speed traders
As the Commodity Futures Trading Commission prepared to hear public comments Thursday on concerns that high-frequency trading is distorting markets, the chairman of the largest U.S. futures exchange...
View ArticleKnight Capital near settlement on trading glitch probe
Knight Capital Group is close to settling a U.S. Securities and Exchange Commission probe into the automated trading firm's Aug. 1 software glitch that disrupted the equity markets and led to Knight's...
View ArticleSchwab reverses ban on client class-action lawsuits
Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry and...
View ArticleBig banks gain as U.S. adopts weakened swap rules
Big banks won key concessions in the battle over who dominates the $630 trillion derivatives markets as the top U.S. regulator adopted watered-down rules to bring swaps onto exchange-like trading...
View ArticleU.S. authorities seize Mt. Gox accounts, U.S.-dollar-denominated Bitcoin...
U.S. authorities have seized two accounts linked to the Japan-based Bitcoin exchange Mt. Gox, a move that may prevent it from facilitating the purchase and sale of the digital currency in U.S. dollars....
View ArticleCFTC's final rule on swap facilities highlights compliance challenges for new...
The Commodity Futures Trading Commission's decision to approve a final rule that would force swap dealers to trade on regulated electronic platforms highlights the compliance responsibilities the...
View ArticleUnlikely any senior U.S. bankers will face jail for financial "crimes of the...
U.S. prosecutors have failed abysmally in their obligation to take criminal action against the culprits behind the global financial crisis, a senior federal judge told an Australian financial services...
View ArticleSwitzerland close to deal in U.S. tax dispute, finance minister says
Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister...
View ArticleU.S. trade group SIFMA names former lawmakers as CEO, president
The Securities Industry and Financial Markets Association said it had named former three-term U.S. Senator Judd A. Gregg as its chief executive officer and former U.S. Representative and SIFMA Acting...
View ArticleNew York regulator questions investment firms' ties to insurers
New York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the...
View ArticleU.S. Fed warns Bank of Montreal on anti-money laundering controls
The Federal Reserve Board said it told Bank of Montreal to step up efforts at the Canadian bank's Chicago branch to detect and prevent money laundering. The Fed entered into a written agreement...
View ArticleSEC offers guidance on identity theft red flags rules
The staff of the Securities and Exchange Commission on Friday issued guidance for small entities to comply with identity-theft red flags rules that the SEC and the Commodity Futures Trading Commission...
View ArticleJPMorgan, under pressure, gives up vote information
JPMorgan Chase & Co, under pressure from New York officials, gave shareholders information about an upcoming vote that would increase oversight of Chairman and Chief Executive Jamie Dimon. But the...
View ArticleU.S. senators urge swaps watchdog to rein in oil majors
Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market. As of this...
View ArticleSEC review of mandatory arbitration clauses won't happen before next year -...
Wall Street brokerages' use of mandatory arbitration clauses merits a regulatory review, but the Securities and Exchange Commission will not have time to undertake one before 2014, an SEC commissioner...
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