05/23/2014
How paranoid should these senior BNP bankers in the U.S. be now?
Shares at the bank are down 4% this week and may fall more
Legal, Regulation & Compliance
05/23/2014
Firm Charged With Insider Trading Ahead Of Sale To The Carlyle Group
The four Cohens and Topal agreed to settle the SEC’s charges by paying a total of more than $500,000
05/22/2014
SEC Probes Schwab, Merrill in Money-Laundering Crackdown
U.S. regulators are investigating Charles Schwab Corp. and Bank of America Corp.'s Merrill Lynch brokerage over whether they are doing enough to learn about their clients' identities.
05/21/2014
U.S. Said to Seek More Than $5 Billion in BNP Sanctions Case
U.S. authorities are seeking more than $5 billion from BNP Paribas SA to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran
05/21/2014
More non-banks could be named 'too big to fail'
Top financial regulators are considering adding large mutual funds, hedge funds and private equity firms to the list of institutions that are officially “too big to fail,” and some of those money managers pushed pack this week.
05/20/2014
US Asset Managers Overreacting to Risk Panel Review -Treasury's Miller
FSOC meeting to explore the activities and potential risks in the asset management industry
05/19/2014
SAC’s Steinberg sentenced as insider probe winds down
The sentencing caps one of the biggest victories for prosecutors who spent seven years investigating the firm and its boss, Steven A. Cohen.
05/19/2014
US prosecutors drop two more charges against Rajaratnam's brother
It was not immediately clear why prosecutors decided to abandon the additional counts
05/19/2014
The rich are going to be heavily impacted by ongonig regulatory change
An international law firm network has canvassed its members to see what trends are predicted for the next 20 years.
05/16/2014
Former UBS bankers denied new trial in muni bid-rigging case
A federal U.S. judge on Thursday denied a request for a new trial made by three former UBS AG bankers who were convicted of rigging bids to invest municipal bond proceeds.
05/16/2014
Former Merrill Lynch securities broker among two in South Florida fined, suspended
FINRA said Imbertson placed hundreds of unauthorized trades on accounts
05/16/2014
SEC Charges Rafferty Capital Markets With Illegally Facilitating Trades for Unregistered Firm
The Securities and Exchange Commission today charged New York-based Rafferty Capital Markets with illegally facilitating trades for another firm that wasn’t registered as a broker-dealer as required under the federal securities laws.
05/15/2014
Regulators scrutinize financial risk-modeling firms
The document did not describe why staffers chose to highlight BlackRock Solutions
05/15/2014
Citigroup Fires 11 More People Amid Probe of Banamex
Citigroup Inc., the U.S. bank investigating a $400 million loan fraud at its Mexico unit, fired 11 people for failing to prevent or discover the wrongdoing and said more will face punishment.
05/15/2014
US prosecutors take harder line against European banks
The US Justice Department is seeking tough criminal penalties against European giants Credit Suisse and BNP Paribas as prosecutors aim to demonstrate that no institution is "too big to jail."
05/15/2014
SEC Charges Unregistered Securities Salesman for Selling Millions of Dollars in Oil-and-Gas Investments
The Securities and Exchange Commission today charged a Tiburon, Calif.-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered with the SEC as a broker-dealer or associated with a registered broker-dea
05/13/2014
Sam and Charles Wyly Found Liable In Civil Fraud Case
The Securities and Exchange Commission scored a victory on Monday as a jury said the wealthy Wyly brothers committed civil fraud using a complex web of offshore trusts to hide stock sales and reap $550 million in profits.
05/13/2014
SEC Charges Three Sales Managers With Insider Trading Ahead of Major Acquisition
The SEC’s investigation was conducted by Janet Weissman and Alka N. Patel of the Los Angeles Regional Office
05/13/2014
Communication and transparency in the conduct of monetary policy by Charles Plosser, CEO, Federal Reserve Bank of Philadelphia
President Plosser believes that the Federal Reserve Board staff's model, called FRB/US, seems to be a reasonable starting point for providing economic forecasts based on those rule-based policies.
05/12/2014
US regulator will hear appeal on 'Big 4' Chinese affiliates
The firms argued they were trapped between US law