New U.S. charges filed in Venezuela bank case seen as 'wake up call' over...
U.S. prosecutors on Wednesday arrested a managing partner at broker-dealer Direct Access Partners and charged him with participating in a scheme to pay bribes to a Venezuelan bank official, bringing to...
View ArticleU.S. investor alert on 'pump-and-dump' schemes carries a warning for...
U.S. regulators on Wednesday warned investors against pump-and-dump securities fraud schemes, especially those that lure unsuspecting investors through websites, social media platforms and spam, or...
View ArticleGoldman offers top clients automated block trading
Goldman Sachs Group Inc has quietly offered some top clients a tool that allows them to plug into its trading system and buy or sell large blocks of stock electronically. The technology is part of a...
View ArticleNYSE program to boost liquidity of exchange-traded products
NYSE Arca, a major U.S. market for exchange-traded products (ETPs), will launch an initiative this year to help issuers of some lightly-traded securities to boost their liquidity. The U.S. Securities...
View ArticleJPMorgan makes another change in chief risk office
John Hogan, who was named chief risk officer at JPMorgan Chase & Co last year just as its London Whale trades began racking up billions of dollars of losses, may leave the company, CEO Jamie Dimon...
View ArticleBank of Canada says some shadow banking areas need monitoring
Some areas in Canada's shadow banking sector warrant focused monitoring, the Bank of Canada said on Thursday, though it said domestic shadow banking was relatively small and was conservative in its...
View ArticleEU not trying to weaken U.S. financial services rules - aide
The European Union does not want to use negotiations with the United States on a free trade agreement to weaken recent U.S. financial regulatory reforms, an EU official said on Thursday, responding to...
View ArticleU.S. SEC settles pricing case against Morgan Keegan fund directors
The U.S. Securities and Exchange Commission has settled civil charges accusing eight former directors of Morgan Keegan bond mutual funds of failing to police the portfolio managers they oversaw,...
View ArticleU.S. banks trumpet cross-selling but some brokers resist
Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a strategy they've tried with limited success in the past -...
View ArticleTraining and due diligence are essential tools to mitigate risks tied to...
In the light of the recent indictment of Costa Rica-based digital currency firm Liberty Reserve on money laundering charges and the unrelated seizure of accounts belonging to a top Bitcoin exchange in...
View ArticlePaul Tucker to leave the Bank of England
Paul Tucker is today announcing his intention to leave the Bank of England. The exact date of his departure from the Bank will be confirmed in due course, but it is likely to be in the autumn after...
View ArticleEU close to agreeing rules for insider trading in commodities
European authorities are close to agreeing on the final draft of markets abuse rules that will make the standard commodities market practice of trading on inside information illegal. Commodities market...
View ArticleCorrected: CFTC to hold meeting Friday on cross-border swaps rules as...
The U.S. agency in charge of regulating the $650 trillion derivatives market is to meet Friday to make an 11th hour effort to resolve uncertainty over how market participants should comply with rules...
View ArticleBasel Committee suggests ways to simplify bank capital rules
The world's top banking regulator on Monday suggested possible changes to help simplify new rules on bank capital being introduced to strengthen the industry after the financial crisis. The Basel...
View ArticleSEC judge shuts advisor, bars owner over misleading back-tested returns
A Securities and Exchange Commission administrative law judge on Monday barred the owner of an investment adviser from the securities and advisory industries and revoked his and his firm's...
View ArticleU.S. SEC says audit firms hinder accounting fraud probes
U.S. federal regulators tried to persuade a judge on Monday to sanction the Chinese arms of the world's top five accounting firms, saying their refusal to hand over audit work papers has hindered...
View ArticleVenezuela charges five officials with embezzling China funds
Venezuela has arrested five officials and charged them with embezzling $84 million from a China-financed development fund administered by state-run development bank Bandes, President Nicolas Maduro...
View ArticleU.S. House votes by large margin to block audit term limits; Senate fate...
The U.S. House of Representatives voted by a large margain on Monday to block an auditor industry regulator from forcing companies to switch auditors, a regulatory move that could break up some...
View ArticleInteractive Brokers sanctioned over account handling, registration and...
The National Futures Association, the U.S. futures industry self-regulatory organization, on Friday sanctioned Interactive Brokers, a Greenwich, Connecticut –based futures commission merchant ("FCM")...
View Article"Sheriff of Wall Street" Spitzer targets corporate governance in New York...
Eliott Spitzer launched his political comeback attempt this week with a pitch to use the New York City Comptroller's office to shake-up corporate governance. Spitzer, known as the "Sheriff of Wall...
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