U.S. can pursue mortgage fraud FIRREA case against Texas broker - judge
A judge has rejected the former Allied Home Mortgage Capital Corp's effort to dismiss a lawsuit accusing it of defrauding the U.S. government into insuring tens of thousands of risky mortgage loans,...
View ArticleMoney market reform could raise muni borrowing costs - Fidelity
Fidelity Investments, the largest provider of U.S. money market funds, told Securities and Exchange Commission officials that proposed industry reform could increase the borrowing costs of U.S....
View ArticleMembers of Los Angeles street gang admit roles in card account skimming,...
Four members of a Los Angeles-based street gang have pleaded guilty to racketeering conspiracy and other charges for their roles in identity theft, bank fraud, money laundering and other criminal...
View ArticleFNB Capital shows banks way past Volcker Rule
American banks, which have been shedding their private equity operations because of the Volcker Rule, can use an exemption in the financial reform law at least to get back into the lower end of the...
View ArticleWhat's in a name? SEC, state regulators tell investors to be sure they know...
The Securities and Exchange Commission Office of Investor Education and Advocacy and the North American Securities Administrators Association on Wednesday issued an investor bulletin, Making Sense of...
View ArticleSEC talks on Nasdaq failure to focus on backing up system
Federal regulators and stock exchange executives are likely to focus on the stock quotes processor behind Nasdaq's trading halt last month, but a quick resolution of system outages or market weak spots...
View ArticleWall Street regulator FINRA to review signing bonus disclosure plan
Wall Street's watchdog will present a plan to its board next week that would require brokers that get a bonus to switch firms to disclose that fact to clients they want to bring with them, according to...
View ArticleEU demands answers from United States on financial spying
The European Union demanded talks with the United States on Thursday to establish whether the intelligence service of its ally had been secretly drawing information from a global financial database in...
View ArticleGlobal swaps group plans rollout of automated approach for ISDAfix benchmark
The International Swaps and Derivatives Association (ISDA) plans to take the human element out of its key industry benchmark, ISDAfix, and adopt an automated market approach as early as the end of this...
View ArticleCayman Islands company denies insider trading in Heinz at hearing
A defense attorney in the U.S. government's H.J. Heinz Co insider trading case denied on Thursday his client's involvement in such activity before the ketchup maker was sold for $23 billion in...
View ArticleAustralian pleads guilty to insider trading charge
An Australian former research analyst has pleaded guilty to an insider trading charge in New York in a cooperation deal. Trent Martin pleaded guilty Thursday in federal court in Manhattan to conspiracy...
View ArticleJPMorgan to spend $4 billion, boost staff, to fix compliance and risk-control...
JPMorgan Chase & Co plans to spend an additional $4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of investigations by regulatory authorities, the Wall...
View ArticleTwelve arrested in UK over cybertheft plot to steal millions from Santander
Twelve men have been arrested over an alleged attempt to take control of Santander UK's computer systems and steal millions of pounds, British police said on Friday. The men are accused of fitting a...
View ArticleNew Jersey property manager and accomplice admit roles in $3 million mortgage...
A property manager and an accomplice have pleaded guilty to charges they conspired to committee wire fraud and launder the proceeds as part of a multi-million dollar mortgage fraud scheme, federal...
View ArticleAustralian analyst pleads guilty to insider trading in New York
An Australian financial analyst pleaded guilty in federal court on Thursday to trading on inside information ahead of the $1.2 billion acquisition of software company SPSS by IBM in 2009. Trent Martin,...
View ArticleU.S. senators aim for deal on Fannie, Freddie reform by year-end
The highest-ranking Democrat and Republican on the U.S. Senate Banking Committee said on Thursday they want to reach agreement by year end on the politically thorny issue of how to overhaul mortgage...
View ArticleU.S. House Republicans question SEC oversight of private-equity funds
Two key Republicans in the U.S. House of Representatives are questioning whether federal securities regulators are spending too much of their time conducting compliance examinations of private equity...
View ArticleFederal prosecutor to head U.S. SEC Boston office
A federal prosecutor will become the next head of the Boston office of the U.S. Securities and Exchange Commission starting in late October, the agency announced on Thursday. Assistant U.S. Attorney...
View ArticleU.S. central bankers, brokers snap at SEC's money-market proposals
Heads of the 12 U.S. Federal Reserve regional banks on Thursday strongly criticized a component of a U.S. Securities and Exchange Commission proposal aimed at preventing runs on money-market funds,...
View ArticleColumn: New head of U.S. financial advice group refocuses on members
The U.S. organization that first raised questions about how financial advisers should be paid and regulated is shifting its priorities at a time when those issues are reaching a new level of national...
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