CME Group Revises July 2016 Proposal Authorizing End Customers to Become Direct Clearing Members Without Incurring Liability for Default of Other Members -
CME Group submitted amendments to its proposed rule changes...more
Making Regulation Great Again: President Trump Requires Loss of Two Regulations for Every New One and Orders Review of All Financial Services Laws and Rules: Last week, through the issuance of two executive orders, President...more
2/7/2017
/ Anti-Money Laundering ,
Broker-Dealer ,
Deregulation ,
Designated Contract Markets (DCMs) ,
Deutsche Bank ,
Edward Jones ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Sanctions ,
SEFs ,
Trump Administration
Broker-Dealer Settles SEC and NYS Charges Regarding Disclosures of Dark Pool Order Routing Arrangements: Deutsche Bank Securities Inc. settled charges brought by both the Securities and Exchange Commission and the New York...more
Registration Based on Quantitative Test Likely to Be Part of Supplemental Regulation AT, Suggests CFTC Chairman -
Timothy Massad, Chairman of the Commodity Futures Trading Commission, indicated last week that he...more
10/24/2016
/ Chief Compliance Officers ,
Deutsche Bank ,
Enforcement Actions ,
Ernst & Young ,
EU Market Abuse Regulation (EU MAR) ,
Money Market Funds ,
Rare Earth Metals ,
Regulation AT ,
Special Master ,
TRACE ,
Unregistered Brokers
Another Publicly Traded Firm Sanctioned by SEC For Allegedly Undercutting Whistleblower Protections Through Severance Agreements: Health Net, Inc., a formerly publicly traded company whose securities were registered with the...more
Court Refuses to Dismiss Malpractice Claim Against MF Global Accountant: PriceWaterhouseCoopers LLP failed in its effort to have a federal court in New York City dismiss a malpractice claim brought against it by the plan...more
8/15/2016
/ Annual Reports ,
Beneficial Owner ,
Customer Funds ,
Deutsche Bank ,
Futures Commission Merchants (FCMs) ,
Non-Public Information ,
PricewaterhouseCoopers ,
Professional Negligence ,
Regulation NMS ,
Restrictive Covenants ,
TRACE ,
Whistleblower Protection Policies
Government Seeks Maximum Sentence in Coscia Criminal Action: The United States Attorney’s Office in Chicago requested last week that the judge presiding over the criminal trial of Michel Coscia impose the maximum sentence...more
7/12/2016
/ Business Continuity Plans ,
Commodities ,
Criminal Prosecution ,
Cybersecurity ,
Deutsche Bank ,
Disciplinary Proceedings ,
Disruptive Trading Practices ,
Economic Sanctions ,
Electronic Blue Sheets ,
Enforcement Actions ,
Investment Adviser ,
Securities Fraud
CFTC Commissioner Bowen Argues for User Fees During House Subcommittee Hearing; Commissioner Wetjen Calls for Bankruptcy Law Amendments to Permit Individual Segregation of Customer Funds -
Commodity Futures Trading...more
4/23/2015
/ Bank of New York (BNY) Mellon ,
BSA/AML ,
Capital Requirements ,
CFTC ,
Congressional Investigations & Hearings ,
Custody Rule ,
Deutsche Bank ,
Enforcement Actions ,
Ernst & Young ,
Fiduciary Duty ,
Financial Statements ,
Fraud ,
Regulatory Agenda ,
Spoofing
FCA Sanctions Bank of Beirut, Former Compliance Officer and Former Internal Auditor for Providing Misleading Information Regarding AML Systems and Controls Remediation -
The Bank of Beirut was fined GBP 2.1 million...more
3/10/2015
/ Banking Sector ,
Banks ,
Capital Markets ,
Chief Compliance Officers ,
Deutsche Bank ,
European Central Bank ,
Eurozone ,
Financial Conduct Authority (FCA) ,
Internal Controls ,
International Banks ,
Sanctions
CFTC Issues CME Group Report Card: Scores Generally Good But NYMEX and COMEX Directed to Continue to Enhance Spoofing Surveillance -
The Chicago Mercantile Exchange Group found early presents under its Christmas tree...more
12/2/2014
/ Broker-Dealer ,
CFTC ,
Chicago Mercantile Exchange (CME) ,
Citigroup ,
CME NYMEX ,
Cross-Border ,
Deutsche Bank ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
HSBC ,
IOSCO ,
Regulatory Standards ,
Sanctions ,
Securities and Exchange Commission (SEC)