Search Results for: SEC
Bernie Madoff’s Accountant Paul Konigsberg Pleads Guilty to Falsifying Records and Conspiracy
June 25th, 2014
Fraudster Bernard Madoff’s former accountant Paul Konigsberg pleaded guilty to helping the convicted financier with his Ponzi scheme by falsifying records. “I’m here today to take responsibility for what I did that was wrong,” the former senior tax partner ...
Singapore to Require Banks to Hold Liquid Assets for Crises
June 25th, 2014
Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress. The new liquidity framework applies to lenders with a “significant retail presence” in ...
U.S. Ruling Loosens Four-Decade Ban On Oil Exports
June 25th, 2014
The Obama administration cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad. In separate rulings that haven’t ...
US court fines Credit Suisse trader over bond prices
June 25th, 2014
A New York court has fined a former UK-based Credit Suisse trader for his role in artificially inflating bond prices. David Higgs was spared prison, which was the fate of his boss. Higgs pleaded guilty in 2012 to a ...
Andy Coulson guilty over phone hacking as Rebekah Brooks walks free
June 24th, 2014
David Cameron’s former communications chief Andy Coulson is facing jail after being found guilty of conspiring to hack phones while he was editor of the News of the World. Rebekah Brooks, his predecessor in the job, walked free from ...
Don’t Shortchange Short Sellers
June 24th, 2014
More finance journalists and industry people should go to academic conferences. There is a lot of good stuff to learn. Case in point: I recently attended the Western Finance Association’s annual meeting in Monterey, California, and saw several papers ...
Canada Amends National Law to Regulate Bitcoin Businesses
June 24th, 2014
The Parliament of Canada has passed a bill that amends the country’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act of 2000 to extend to both foreign and domestic businesses working in the bitcoin and digital currency sectors ...
Global Finance Functions chellenge for transformation
June 24th, 2014
ACCA (the Association of Chartered Certified Accountants) think-tank outlines 10 key requirements needed for effective finance function change. With ongoing pressures on the CFO organisation to drive the efficiency and effectiveness of the finance function, finance transformation continues to ...
Ex-Millennium Fund Manager Gets Four Years in Prison
June 24th, 2014
Former Millennium Global Investments portfolio manager Michael Balboa was sentenced to four years in prison for defrauding investors by inflating the value of Nigerian sovereign debt by $80 million. Balboa, convicted in December in a retrial in Manhattan federal ...
Hong Kong Stocks Climb From Biggest Drop in Three Months
June 24th, 2014
Hong Kong stocks gained, with the city’s benchmark index rebounding after falling the most in three months yesterday, as consumer and technology shares rose. China Resources Enterprise Ltd. gained 2.4 percent, with the retailer and brewer leading the Hang ...
