Here’s what Ben Bernanke just did to rock the markets
by The Compliance Exchange on May 23, 2013
From the look of the financial markets, you’d think Ben Bernanke just told Congress he was washing his hands of the feeble US economy and letting markets fend for themselves.
But of course he didn’t.
Fedspeak … Read More »
No Arrests on Wall Street, But Over 7,700 Americans Have Been Arrested Protesting Big Banks
by The Compliance Exchange on May 23, 2013
As Senator Elizabeth Warren (D-MA) has said, the nation’s biggest banks have essentially gained “too big for trial” status, and the federal government … Read More »
New Rules & Regulations 5/22/2013
by The Compliance Exchange on May 22, 2013
Hitting the limits of “outside the box” thinking? Monetary policy in the crisis and beyond
Central banks have had to “think outside the box” to address unprecedented financial instability and to provide monetary stimulus in trying times. Monetary accommodation has been critical to … Read More »
The Ménage À Trois Keeping This Market Alive
by The Compliance Exchange on May 22, 2013
There are three things investors should never bet against: one is the world’s biggest fund manager, Ben Bernanke at the Federal Reserve Bank in Washington. The other is Mario Drahgi and the European Central Bank and most recently, … Read More »
Someone Claiming To Be Jamie Dimon Arrested By Homeland Security
by The Compliance Exchange on May 22, 2013
After being arrested by Federal Protective Service yesterday, they were asked for their names. Among the names that the arrested gave were Jamie Dimon of JP Morgan Chase, Brian Moynihan of BOA, John Stumpf of Wells Fargo,Richard … Read More »
Brokerage Firm to Pay $7.5 Million Fine to Regulators
by The Compliance Exchange on May 22, 2013
One of the nation’s largest brokerage firms, LPL Financial, is paying $7.5 million to settle accusations that it made misstatements to regulators and failed to supervise its brokers’ communications properly.
LPL has grown into a brokerage powerhouse … Read More »
In first enforcement action tied to popular new online currency Bitcoin, US seizes account
by The Compliance Exchange on May 22, 2013
Two months ago, the US government fired its first warning shot at the booming world of virtual currencies. The US Financial Crimes Enforcement Network issued guidance … Read More »
Ketchum suggests brokers falling short in discussing risk
by The Compliance Exchange on May 22, 2013
As investors move increasingly into sophisticated investments, brokerage firms need to do a better job of talking to them about the dangers of such complex products, the industry’s regulator said today.
Richard G. Ketchum, chairman and chief executive of … Read More »
Wall Street watchdog to review broker bonus disclosure plan in July
by The Compliance Exchange on May 22, 2013
Wall Street’s watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator’s chief said … Read More »
Rules & Regulations 5/21/201
by Steve Haase on May 21, 2013
Dodd-Frank Regulatory Framework: What Questions Remain Unanswered
Today, I will focus on three topics: (1) the Commission’s rule implementation process, (2) the impact of the Commission’s rules on end users and (3) risk management.
Specifically, when discussing my first topic, the Commission’s rule implementation process, I … Read More »
