05/25/2015
The staff of the Division of Investment Management of the SEC published a Guidance Update addressing cybersecurity risks and the need for funds and advisers to protect confidential
05/25/2015
Last night experts said the allegations would ‘beg even more serious questions’ about these giants if they are proved to be true.
05/24/2015
Asset managers will have to make unprecedented disclosures about their so-called “shadow banking” activities as part of new reporting rules proposed by the US regulator
05/24/2015
US pension fund New Bedford Contributory Retirement System has joined a class action against Genworth Financial
05/22/2015
Under Georgia law, public pension funds can invest in alternatives
05/22/2015
A source present at the FINRA hearing says Morgan Stanley could be on the hook for a $400 million loss: $100 million in compensatory damages, and an additional $300 million in punitive damages.
05/22/2015
The ex–Fed chairman wants to merge the SEC and CFTC, create a new super-supervisor at arm’s length from the central bank and shield financial stability panel from political interference.
05/22/2015
The wife of an NFL player says she worked in a real-life “Wolf of Wall Street’’ office where co-workers sexually harassed her and openly mocked her marriage to a black man.
05/21/2015
FINRA has about 3,400 employees
05/21/2015
The sentencing came one day after another cooperating defendant, former Madoff controller Enrica Cotellessa-Pitz, also avoided prison.
05/21/2015
The proposal will "vastly improve the type and format of the information that funds provide to the commission and to investors"
05/21/2015
When banks are fined by the government, the money doesn’t always go entirely to the Treasury.
05/21/2015
The Commerce Department’s Bureau of Industry and Security (BIS) is proposing requiring a license in order to export certain cybersecurity tools
05/21/2015
Netflix, where Kail worked from 2011 until he left for Yahoo last summer, sued Kail in November in Santa Clara County Superior Court
05/20/2015
The underlying loans were worth $778.6 billion.
05/20/2015
The decision is unusual because it explains the reasons behind the ruling.
05/20/2015
The announcement comes as four other major banks are expected to fined billions of dollars for rigging the foreign exchange market in settlements with US and British regulators.
05/20/2015
Many banks’ prime brokerages seeing unusually high level of staff turnover
05/20/2015
Barclays has agreed to pay a combined total of £1,533 million (sterling equivalent). In common with other financial institutions announcing FX settlements today with the DOJ, Barclays has also agreed to plead guilty to a violation of US anti-trust l
05/20/2015
Defendants Defrauded More Than 20 Foreign Investors through Private Offering in New York