Search Results for: Financial Conduct Authority
FINRA Board approves proposals to strengthen controls on high-risk brokers
May 12th, 2017
The Financial Industry Regulatory Authority (FINRA) Board of Governors approved the next step in FINRA’s ongoing initiative to strengthen controls on brokers with a history of significant past misconduct and to ensure greater accountability for firms that choose to ...
International law firm former partner Charged in $1 Million insider trading scheme
May 12th, 2017
The Securities and Exchange Commission today charged a former partner at an international law firm and his neighbor with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC alleges that Walter C. ...
DCCC launches “Active Risk” Risk Management System
May 9th, 2017
The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) ...
Societe Generale reports net income of EUR 747 million for Q1 2017
May 6th, 2017
Net banking income for the businesses of EUR 6,518m (+4.0% vs. Q1 16) driven by the growth in International Retail Banking & Financial Services and Global Banking & Investor Solutions. Book net banking income of EUR 6,474m, up +4.8% ...
Portfolio Manager Charged With Diverting Nearly $2 Million to Personal Account
April 25th, 2017
The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges ...
Investment Bank VP charged With insider trading
April 25th, 2017
The Securities and Exchange Commission today charged a vice president in the risk management department of a New York-based investment bank with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a ...
Grant Thornton UK fined £2.3m over audit failures
April 24th, 2017
Grant Thornton UK LLP (“GT”) and Robert Napper (a retired GT Partner) (together, the “Respondents”), have admitted Misconduct and agreed to fines and other sanctions. This follows the conclusion of the Financial Reporting Council’s (FRC) investigation relating to the ...
Netherlands to introduce Registry Of Beneficial Ownership to fight Tax evasion
April 10th, 2017
One year after the revelations of the Panama Papers there is still a lot of work to do for the Netherlands to effectively prevent and fight widespread international money laundering structures and unlawful tax evasion. This is especially the ...
Clyde & Co faces £50,000 fine after SDT ruling
April 4th, 2017
International firm Clyde & Co has been fined £50,000 and three of its partners fined £10,000 following a Solicitors Disciplinary Tribunal ruling that they breached money laundering and accountancy rules. The decision, published yesterday by the Solicitors Regulation Authority, ...
New Zealand confirms that selling Spot FX contracts, CFD and binary options to be licensed
April 3rd, 2017
The Financial Markets Authority has today confirmed that businesses selling short-duration derivatives need to be licensed. The Financial Markets Conduct Act introduced licensing for derivatives issuers in December 2014. The FMA has been reviewing how it regulates short-duration derivative ...
