U.S. SEC seeks to slow revolving door, makes more staff subject to...
The U.S. Securities and Exchange Commission is making more of its staff who leave the agency for the private sector subject to a one-year cooling-off period. The reform is being embraced by those who...
View ArticleU.S. SEC chair to convene meeting with exchanges, push for rules, following...
U.S. Securities and Exchange Commission Chair Mary Jo White said late Thursday she plans to convene a meeting with exchange executives and other market players to discuss regulatory practices after a...
View ArticleMonetary easing doesn't necessarily lead to capital outflows, says BOJ governor
Bank of Japan Governor Haruhiko Kuroda said monetary easing by a central bank does not necessarily lead to cross-border capital outflows from that country. "Almost all base money provided through...
View ArticleU.S. broker gets five years in prison for cheating LatAm investors
Brooklyn federal judge Sandra L. Townes on Friday sentenced Hector Gallardo, a former Manhattan-based registered representative with Orion Trading, LLC, a broker-dealer, to 60 months in prison for...
View ArticleGoldman puts four on leave after trading glitch mars risk-management...
Goldman Sachs Group Inc put four senior technology specialists on administrative leave after a trading glitch that led to a flood of erroneous options trades, the Financial Times reported, citing...
View ArticleWith Obama urging regulators to complete Dodd-Frank, industry groups cite...
With President Barack Obama urging regulators to hurry up with Dodd-Frank implementation including the Volcker rule which bans banks from making proprietary bets, financial firms are expressing concern...
View ArticleHSBC might join Justice Department in advising U.S. court on implementation...
British banking giant HSBC might play a role in meeting an unusual condition that a federal judge in Brooklyn imposed when approving the bank's $1.9 billion settlement with the Justice Department, by...
View ArticleHKEx names former NYSE LIFFE exec as LME's chief executive
The Hong Kong Stock Exchange named industry veteran Garry Jones as the CEO of the London Metal Exchange, ending a high-profile recruitment process by selecting a former top executive at the NYSE Liffe....
View ArticleEx-broker swindled investors through self-directed IRA Ponzi scheme, SEC says
The Securities and Exchange Commission on Monday charged a former Merrill Lynch stockbroker and self-described trader and asset manager with defrauding investors through a Ponzi scheme that targeted...
View ArticleTwo charged with stealing source code from New York trading firm
Two men have been charged by New York prosecutors with stealing secret computer code from a high-frequency trading firm in an effort to start their own business. Jason Vuu, 26, a former trader at Flow...
View ArticleExclusive: Nasdaq, NYSE at odds on outage cause as SEC seeks facts
U.S. regulators have asked Nasdaq OMX Group and NYSE Euronext to come up with a timeline of Thursday's three-hour trading disruption, but the rival exchange operators have been unable to agree on the...
View ArticleRegulation could stifle Bitcoin growth in U.S., advocacy group tells U.S....
During a Monday meeting with U.S. regulators and law enforcement agencies an advocacy group for Bitcoin warned that regulation could stifle the growth of the digital currency's trading volume in the...
View ArticleNasdaq's outage offers lessons for compliance, board, say Wall Street veterans
The big lesson for financial services firms from Nasdaq's trading fiasco is to have an adequate backup system for when things go wrong and ensure that their compliance officers, risk managers and...
View ArticleIn a first, SEC bars portfolio manager for misleading chief compliance officer
The Securities and Exchange Commission on Tuesday suspended a portfolio manager at an investment adviser for forging documents and misleading the firm's chief compliance officer ("CCO") to conceal his...
View ArticleHarmonisation presents key challenge for regulators, says IOSCO chair
The harmonisation of securities markets presents a key challenge for regulators worldwide as they grapple with the practical issues surrounding regulatory convergence, according to Greg Medcraft,...
View ArticleJPMorgan's former "London Whale" supervisor arrested in Spain
Spanish police arrested former JP Morgan Chase trader Javier Martin-Artajo on Tuesday as he prepares to fight possible extradition to the United States over a $6.2 billion financial scandal at the...
View ArticleHigh-frequency trading does not raise futures volatility – industry study
Volatility in futures contracts has remained largely stable in the face of increased participation from high-speed and algorithmic traders often blamed for roiling markets, according to a study issued...
View ArticleOntario securities regulator finds fund manager deliberately breached...
The Ontario Securities Commission (OSC) has found that investment fund manager Crown Hill Capital Corporation (CHCC), and its guiding mind and sole shareholder Wayne Lawrence Pushka, breached their...
View ArticleRegulators to fine JPMorgan $80 million over consumer dealings - report
U.S. federal regulators are preparing to impose a fine of $80 million on JPMorgan Chase & Co relating to its dealings with retail customers during the recession, the New York Times reported, citing...
View ArticleU.S. seeking $6 billion from JPMorgan to settle mortgage claims - source
U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with...
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