SEC Charges New York-Based High Frequency Trading Firm With Fraudulent Trading
October 17th, 2014
The Securities and Exchange Commission sanctioned a New York City-based high frequency trading firm for placing a large number of aggressive, rapid-fire trades in the final two seconds of almost every trading day during a six-month period to manipulate ...
SEC Announces Insider Trading Charges Against Former Financial Analyst at Pharmaceutical Company
October 15th, 2014
The Securities and Exchange Commission announced insider trading charges against a Massachusetts man who allegedly tipped his friend with nonpublic information about potential acquisition targets of the pharmaceutical company where he worked. The SEC alleges that Zachary Zwerko was ...
CySec warns on unauthorised firm
October 9th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued a warning to inform the investors that ‘LARNACA FİNANS LTD’ (http://www.gkfx.com/LARNACA): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities ...
Herbalife hires former U.S. regulator to lead compliance team
October 6th, 2014
Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer. Herbalife ...
Kobre & Kim Adds Hong Kong Law to Follow the Money
October 6th, 2014
Kobre & Kim LLP, a law firm that secured an acquittal for one of the defendants in the U.S.’s first foreign bribery sting operation, added a local legal practice to its Hong Kong office this month according to latest ...
SEC Members Urge Including Brokers in Trading Safeguards
October 6th, 2014
U.S. rules meant to guard against breakdowns in automated trading systems should be expanded to include brokerages that match orders away from regulated stock exchanges, according to two Securities and Exchange Commission members. Luis A. Aguilar and Kara M. ...
CySec: Risks Associated with Investing in Contingent Convertible Instruments
October 3rd, 2014
The Cyprus Securities and Exchange Commission (CySEC) has published an announcement regarding the supervised entities, the stakeholders and the investing public to the statement published by the European Securities Markets Authority (ESMA) titled Potential Risks Associated with Investing in Contingent ...
Greg Medcraft of ASIC re-elected IOSCO Board Chair
October 3rd, 2014
The International Organization of Securities Commissions (IOSCO) today re-elected Mr. Greg Medcraft as Chairman of the IOSCO Board. Mr. Medcraft was re-elected at the inaugural meeting of the newly constituted Board, during the IOSCO Annual Conference in Rio de ...
Contributing Authors
October 2nd, 2014
Dr Alan Waring Dr Alan Waring has 35 years’ experience in risk management. His several books include Managing Risk (1998), co-authored with Prof Ian Glendon, Practical Systems Thinking (1996) and Corporate Risk and Governance published in May 2013. He has presented numerous conference and ...
US SEC gives largest-ever Whistleblower Award of more than $30M
September 23rd, 2014
The U.S. Securities and Exchange Commission, or SEC, announced Monday that it will give out the largest-ever whistleblower award to an anonymous tipster who lives outside the country. The whistleblower will receive more than $30 million for providing crucial ...
