In This Issue:
- Domestic Banking
- Domestic General
- European Banking
- European General
- International Banking
- International General
- Excerpt from International General:
55. The American Financial Industry Regulatory Authority (Finra) has handed out some of its toughest penalties, fining a number of Wall Street banks $1 million each for providing inaccurate information. The fines are in relation to electronic "blue sheet" data that brokers and dealers are required to provide to US watchdogs during investigations into forms of suspicious activity, such as insider trading. There was however no suggestion from Finra that lapses were wilful or intentional. Fines were handed to Barclays, Goldman Sachs, Merrill Lynch and Pierce, Fenner & Smith, a division of Bank of America.
Times.co.uk, 5 June 2014
Please see full Update below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Banking Sector, Banks, Broker-Dealer, Brokers, Electronic Blue Sheets, FINRA, Foreign Banks, Insider Trading, International Banks, Wall Street
Published In: General Business Updates, Finance & Banking Updates, International Trade Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© DLA Piper | Attorney Advertising