Search Results for: Securities and Exchange Commission
Exchanges, Barclays win dismissal of U.S. high-frequency trading case
August 27th, 2015
Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders. U.S. District Judge Jesse Furman in Manhattan said ...
SEC Charges Former Investment Bank Analyst and Two Others With Insider Trading in Advance of Client Deals
August 26th, 2015
The Securities and Exchange Commission today charged a former investment bank analyst with illegally tipping his close friend with confidential information about clients involved in impending mergers and acquisitions of technology companies. The SEC also charged his friend and ...
Announcement on receipt of notice of investigation from China Securities Regulatory Commission
August 26th, 2015
On 24 August 2015, Haitong Securities Co., Ltd. (the “Company”) received the Notice of Investigation (Jin Zheng Diao Cha Zi No. ) from the China Securities Regulatory Commission (the “CSRC”), which stated that the CSRC had decided to carry ...
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, ...
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 ...
SFC fines BNP Paribas Securities (Asia) Limited $15 million for dark liquidity pool-related failures
August 4th, 2015
The Securities and Futures Commission (SFC) has fined BNP Paribas Securities (Asia) Limited (BNPP Securities Asia) $15 million for failures in relation to its dark liquidity pool trading services (Note 1). The disciplinary action follows an SFC investigation into ...
CFTC charges individual and two corporations for Forex fraud scheme
August 4th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) today announced the unsealing of a civil enforcement action filed in the U.S. District Court for the Middle District of Alabama, charging Husam Tayeh of Oak Lawn, Illinois; Dinar Corp., Inc. (DCI), a Nevada corporation; and My ...
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 ...
Securities watchdog probes automated trading
August 3rd, 2015
China‘s securities watchdog is investigating the impact of automated trading on share markets, as authorities step up a crackdown on what they regard as heavy speculative selling that could destabilize the world’s second-largest economy. China’s main share markets, both ...
