The financial services industry is failing to adopt voluntary standards crucial to rebuilding trust in banking, despite overwhelming support from those working in the sector, according to a report. Backing Market Forces, a report jointly commissioned by BSI, the UK
The International Stock Exchange (TISE) has been approved as a Designated Offshore Securities Market (DOSM) by the US Securities and Exchange Commission (SEC). The recognition from the federal regulator means that securities listed on TISE can be issued and resold
The US Commodity Futures Trading Commission has charged Dutch-based proprietary trading fund Optiver Holding, two of its subsidiaries and three employees with manipulation of three oil and
The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Kevin Crepeau, of Chicago, Illinois, a trader at a proprietary trading firm, for engaging in spoofing in the Chicago Mercantile Exchange (CME) soybeans futures market.
Pursuant to the Market Abuse (Directive 2003/6/EC) Regulations 2005 (the “Market Abuse Regulations”), since 1 July 2005 the Central Bank of Ireland has delegated market monitoring and investigation tasks to the ISE. These delegation arrangements ended on 31 January 2012
Sean O’Malley, a partner in the business law department and a member of the financial services and investment management groups at US law firm Goodwin Procter, says the SEC’s amendments to
The Managed Funds Association and the Coalition of Private Investment Companies have written to Securities and Exchange Commission chairman Christopher Cox, urging the SEC not to extend it
The Securities and Exchange Commission has issued an emergency order that it says is designed to enhance investor protection against so-called ‘naked’ short selling in the securities of mo
Troubled times bring waves of rumours and speculation. But sometimes this goes too far, especially if it leads to something more serious, even illegal.
Stanley J Kowalewski has been arrested in South Carolina after being indicted by a federal grand jury in Atlanta for allegedly defrauding hedge fund investors of up to USD8m. In addition, Kowalewski has been accused of obstructing the US Securities
