Posts Tagged “Fines”
by The Compliance Exchange on January 15, 2013
Royal Bank of Scotland is braced for fines of between 400 million pounds and 500 million pounds ($803 million) for its role in an interest rate rigging scandal
by The Compliance Exchange on January 2, 2013
Quick, what was the best-performing stock sector in the U.S. in 2012? Here’s a hint: It was the sector that could not stop getting into trouble and paying billions of dollars in fines on a near-weekly basis.
by The Compliance Exchange on October 25, 2012
A French appeals court on Wednesday upheld the 2010 conviction of Jérôme Kerviel, a former Société Générale trader whose rogue dealings brought the French bank to the brink of collapse almost five years ago.
by The Compliance Exchange on October 23, 2012
Commodities regulators ordered Morgan Stanley Smith Barney LLC to pay $200,000 to resolve allegations that the brokerage failed to diligently supervise employees that handle customer accounts.
CFTC Commissioner Proposes Series of HFT Measures, Including Much Harsher Fines for Errant Behaviour
by The Compliance Exchange on October 17, 2012
Bart Chilton, a commissioner for the Commodity Futures Trading Commission, proposed a series of measures to oversee high-frequency trading, including much harsher penalties in the event of a trading debacle that harmed the market or market participants.
by The Compliance Exchange on September 12, 2012
Compliance news from the web
by The Compliance Exchange on July 18, 2012
Tuesday’s Senate hearing on HSBC is likely to add fuel to a debate that cuts to the core of recent criticisms of Wall Street
by The Compliance Exchange on June 22, 2012
Bank of America Corp.’s (BOFA) Merrill Lynch wealth-management unit was fined $2.8 million by the Financial Industry Regulatory Authority for overbilling customers by $32.2 million over an eight-year period.
by The Compliance Exchange on June 12, 2012
The Financial Services Authority fined a Compliance Officer and his firm for violations including selling high-risk investments to unsuitable clients.
by The Compliance Exchange on May 10, 2012
Financial regulators in the U.S. and the U.K. have hit fund manager Martin Currie with a combined $14 million in fines, in a conflict-of-interest case that relates to the exit of a portfolio manager in Asia last year.