Search Results for: U.S. regulator
JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of Law
August 4th, 2015
It was only a matter of time. One of the participants in a $1.5 billion term loan that JPMorgan Chase & Co. made to General Motors Corp. before its bankruptcy is now suing the bank and its lawyers at ...
Can auditors expand assurance to meet investors’ needs?
August 4th, 2015
A company’s audited financial statements are among the many pieces of information investors consider when they evaluate where to allocate resources. But news releases, company presentations, additional information in annual reports, and non-GAAP key performance indicators and financial metrics ...
Goldman tentatively agrees to pay $270 million to settle lawsuit by investors
August 4th, 2015
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the ...
Deutsche Bank Said to Be Probed by DOJ on Russia Mirror T
August 4th, 2015
U.S. federal prosecutors are investigating billions of dollars of trades Deutsche Bank AG made on behalf of Russian clients as recently as this year, according to people with knowledge of the situation. The Justice Department’s criminal probe, which hasn’t ...
Interactive Brokers Group Reports Brokerage Metrics for July 2015, includes Reg.- NMS Execution Statistics
August 4th, 2015
Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for July. Highlights for the month included: 652 thousand Daily Average Revenue Trades (DARTs), 23% higher ...
Execution Broker ITG Ousts CEO Gasser After Probe
August 4th, 2015
Investment Technology Group’s investigation found Robert Gasser failed to disclose some details of alleged improprieties to board The announcement of ITG was saying that the company has replaced Bob Gasser as its chief executive officer with Jarrett Lilien, a ...
Former Libor ‘Ringmaster’ Hayes Gets 14 Years for Libor Rigging
August 4th, 2015
Former UBS Group AG and Citigroup Inc. trader Tom Hayes, the first person to stand trial for manipulating Libor, was sentenced to 14 years in prison after being found guilty of conspiracy to rig the benchmark rate. After a ...
China stock exchanges step up crackdown on short-selling
August 4th, 2015
China stepped up its crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation’s major brokerages suspended their short-selling businesses. China’s stock exchanges ...
Citadel Says One of Its China Accounts Was Suspended
August 3rd, 2015
A Guosen Futures account suspended amid Chinese regulators’ probe following recent stock market plunge U.S.-based hedge fund firm Citadel LLC said trading in one of the accounts it manages in China has been suspended, as regulators battle a steep ...
BATS Files Client Suspension Rule with SEC
July 31st, 2015
BATS Global Markets (BATS) filed with the Securities and Exchange Commission the BATS Client Suspension Rule, which would enable the company to take swifter action to prohibit manipulative behavior, such as spoofing and layering, on the BATS Exchanges. Manipulative ...
