The regulators are coming! The regulators are coming!

by The Compliance Exchange on November 21, 2014

Regulators, in-house lawyers and compliance officers told a serious cautionary tale at the recent Practicing Law Institute Broker-Dealer Regulation and Enforcement seminar. Representatives of the Securities and Exchange Commission, FINRA, the Department of Justice and state securities regulators, as well as corporate counsel and compliance officers, discussed the areas in which regulators were active – and becoming more active – in their examination and enforcement efforts against securities brokers and their firm. Regulators proudly trumpeted their increasing success in locating and prosecuting wrongdoers because of the influx of investigative talent and of industry … Read More »

Federal Reserve launches 2 reviews of its oversight of big banks

by The Compliance Exchange on November 21, 2014

The Federal Reserve on Thursday said it launched two internal reviews of its oversight of the nation’s largest banks to determine if officials are getting the information needed to properly supervise their operations.

The announcement comes as the Federal Reserve Bank of New York, which oversees large Wall Street banks, is under fire because … Read More »

Why Is a Wall Street Regulator Embracing “Broken Windows” Theory?

by The Compliance Exchange on November 21, 2014

If you look at the Securities and Exchange Commission’s (SEC) list of recent enforcement actions, it reads like a laundry list of small-time offenders. From penny stock promoters, to “pump and dump” schemers, to an Read More »

SEC resolves Bank of America impasse

by The Compliance Exchange on November 21, 2014

Bloomberg News reports that in a private meeting earlier this week, SEC commissioners voted to waive most of a set of additional sanctions that could have seriously curtailed the bank’s asset management business and ability to raise money for private companies, according to the people, who asked not to be named because … Read More »

Where Is the Outrage Over Foreign Exchange Manipulation?

by The Compliance Exchange on November 21, 2014

The attention directed at the purportedly astounding foreign exchange manipulation fines is misdirected. Everyone should be running to ordinary American, British and Swiss citizens and ask how they feel about these banking scandals just a few years after … Read More »


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