Search Results for: OCED
SEC Charges Citigroup and agreed to pay $15 million
August 20th, 2015
SEC Charges Citigroup Global Markets for Compliance and Surveillance Failures The Securities and Exchange Commission announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions ...
PCAOB Annual Report on Inspections of Broker and Dealer Auditors Continues to Show High Levels of Independence Findings and Audit Deficiencies
August 19th, 2015
The Public Company Accounting Oversight Board issued an annual report PDF on its interim inspection program for auditors of brokers and dealers registered with the Securities and Exchange Commission that identified high levels of independence findings and audit deficiencies, ...
Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges
August 18th, 2015
The Securities and Exchange Commission announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond ...
ESMA recommends changes to EMIR framework
August 14th, 2015
The European Securities and Markets Authority (ESMA) has published four reports focused on how the European Markets Infrastructure Regulation (EMIR) framework has been functioning and providing input and recommendations to the European Commission’s (EC) EMIR Review. Three of the ...
FINRA Fines StockCross Financial Services, Inc. $800,000 for Regulation SHO Violations
August 14th, 2015
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined StockCross Financial Services, Inc. $800,000 for Regulation SHO violations and for related supervisory violations that spanned more than three years. As part of the sanctions, StockCross is ...
Greek lawmakers back 3rd bailout after all-night debate
August 14th, 2015
Greek lawmakers approved their country’s draft third bailout in a parliamentary vote Friday that relied on opposition party support and saw the government coalition suffer significant dissent. The vote came after a marathon all-night session marked by procedural delays ...
Greece to get 6 billion euros in bridge loans if no agreement at Eurogroup
August 14th, 2015
Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according to German newspaper Bild, citing a European Commission proposal for ...
SEC Charges ITG With Operating Secret Trading Desk and Misusing Dark Pool Subscriber Trading Information
August 13th, 2015
The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle charges that they operated a secret trading desk and misused the confidential trading information of dark ...
CFTC Orders Morgan Stanley & Co. LLC to Pay a $300,000 Civil Monetary Penalty
August 7th, 2015
CFTC Orders Morgan Stanley & Co. LLC to Pay a $300,000 Civil Monetary Penalty for Violations of Customer Protection Rule for Cleared Swaps and Related Supervision Failures Order Finds that the Firm Failed to Maintain Sufficient U.S. Dollars in ...
FINRA USA Fines Aegis Capital Corp. $950,000
August 5th, 2015
Two Chief Compliance Officers Fined and Suspended Aegis CEO Fined and Suspended for Failure to Report Liens The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Aegis Capital Corp. $950,000 for improperly selling unregistered penny stocks ...
