U.S. SEC staff updates broker-dealer reporting guidance
The staff of the U.S. Securities and Exchange Commission on Tuesday updated its guidance on Broker-Dealer Reports: A Small Entity Compliance Guide, which it said "summarizes and explains" rules the SEC...
View ArticleU.S. financial regulation has gaps in risk oversight, insurance,...
A Financial Stability Board (FSB) peer review of U.S. regulation found gaps in oversight of systemic risk, insurance firms and financial infrastructure. The report called on the United States to...
View ArticleLas Vegas Sands Corp to pay record $47 million over alleged anti-money...
The Las Vegas Sands Corp has agreed to pay more than $47 million to settle Justice Department allegations that its Venetian casino did not conduct adequate due diligence on a high-rolling gambler and...
View ArticleSEC reviews Nasdaq as rivals blame each other for outage
Regulators are questioning how robust Nasdaq OMX Group's systems are after last week's massive trading outage, while shrugging off a spat with NYSE Euronext as a distraction, a source familiar with the...
View ArticleSEC urges advisers to review business continuity plans
The U.S. Securities and Exchange Commission’s exam team has issued a Risk Alert investment advisers to make sure they have adequate business continuity plans (BCP) and disaster recovery plans,...
View ArticleJPMorgan may settle U.S., UK 'Whale' probes for $600 million -source
JPMorgan Chase & Co is in talks with a group of regulators, including U.S. prosecutors, to settle probes of the bank's "London Whale" trading losses last year for about $600 million, according to a...
View ArticleSwiss government ready to sign tax deal with United States
Switzerland said it is ready to end a long-running dispute with U.S. prosecutors over Swiss banks that have sheltered tax evaders, without disclosing any terms of the deal. The two governments have...
View ArticleHighest-paid U.S. CEOs are often fired, fined or subsidized, study shows
About 40 percent of the highest-paid CEOs in the United States over the past 20 years eventually ended up being fired, paying fraud-related fines or settlements, or accepting government bailout money,...
View ArticleU.S. probe into JPMorgan hiring practices widens -report
U.S. government investigations into the hiring practices of JPMorgan in China have uncovered evidence including a spreadsheet that links hires to specific deals, Bloomberg News reported, citing people...
View ArticleSouth Florida men swindled TracFone Wireless and laundered proceeds,...
Two South Florida men have been indicted on fraud and money laundering charges for allegedly carrying out an insider scheme that bilked TracFone Wireless Inc out of millions of dollars, federal...
View ArticleBank head faces prison for using U.S. financial crisis bailout funds to buy...
The head of a western Missouri financial institution has admitted lying to federal investigators about using $381,000 of a million-dollar federal bailout of his bank to buy a vacation home, U.S....
View ArticleShadow banks face 2015 deadline to comply with first global rules
The $60 trillion "shadow banking" sector has been given until 2015 to comply fully with its first set of global rules after an international regulatory task force unveiled plans to curb risk without...
View ArticleJPMorgan's internal bribery investigation reviewing 200 Asia hires
An internal investigation into JPMorgan Chase & Co's hiring practices in Asia is examining the employment of around 200 people for instances of possibly illegal nepotism, a source said, indicating...
View ArticleU.S., Switzerland strike bank deal over tax evasion
The United States and Switzerland have struck a deal to allow some Swiss banks to pay fines to avoid or defer prosecution over tax evasion by their U.S. customers, moving closer towards ending a...
View ArticleTwo U.S. traders plead guilty in Venezuelan bank bribery case
Two former employees of a New York broker-dealer pleaded guilty on Thursday to conspiring to pay kickbacks to Venezuelan state banking officials, as U.S. prosecutors moved to broaden their case. Tomas...
View Article'Shadow' banks face 2015 deadline to comply with first global rules
the $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without...
View ArticleNasdaq says software bug caused trading outage, backup "didn't work"
Nasdaq OMX Group's massive trading halt last week was due to a software bug and other internal technology issues triggered by problems at NYSE Euronext's Arca exchange that led a key backup system to...
View ArticleU.S. futures industry regulator NFA comes under fire from within
A U.S. futures industry regulator is falling short in its attempt to keep tabs on brokers and asset managers, more than a year after the collapse of one brokerage under its oversight that cost clients...
View ArticleRegulators agree on global swap rules ahead of G20 summit
Finance watchdogs on Friday laid out joint rules for the $630 trillion derivatives industry that was at the core of the 2007-09 credit meltdown, in a report to the G20 most powerful economies of the...
View ArticleEx-employee pays fine for defrauding Goldman Sachs
A former employee of Goldman Sachs Group Inc was fined $500,000 for defrauding the investment bank in December 2007 by hiding trading positions, the U.S. derivatives regulator said on Friday. The U.S....
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