Wall Street Archives - Compliancex

Elizabeth Warren Says Wall Street ‘Undermining’ Russia Sanctions

Jack J. Kelly Elizabeth Warren, JPMorgan, Wall Street March 7, 2022

Senator Elizabeth Warren, a vocal critic of Wall Street, said banks are “undermining” sanctions on Russia by snapping up the nation’s corporate bonds and suggesting clients buy assets on the cheap. In a statement released late Friday, she called out market makers JPMorgan Chase ...Read More

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Goldman reminds top dogs it can do what it wants

Jack J. Kelly Banker, Finance, Goldman Sachs, Wall Street February 24, 2022

NEW YORK, Feb 23 (Reuters Breakingviews) – David Solomon is coming down on former employees with the force of his biblical namesake. The Goldman Sachs (GS.N) leader may confiscate stock the Wall Street bank previously issued to Omer Ismail and David Stark, who jumped ship last year to ...Read More

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There’s a growing push in Congress to limit lawmakers’ ability to trade stocks

Jack J. Kelly Lawmaker, Stocks, Wall Street January 12, 2022

Congress often talks tough about reining in Wall Street. But now there’s growing pressure on Capitol Hill to curb lawmakers’ own trading. Sen. Jon Ossoff, D-Ga., who has emerged as a leading voice on the issue, plans to introduce legislation by the end of ...Read More

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Wall Street bonuses poised to hit record highs as banker shortage slams industry

Jack J. Kelly Banker, Bonus, Wall Street November 18, 2021

Bonuses on Wall Street are expected to hit records this year as financial giants like Goldman Sachs and JPMorgan grapple with a dire lack of bankers, even as demand for dealmaking continues to surge. After winning significant salary bumps this year, Wall Street financiers ...Read More

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The SEC doesn’t want to let firms and individuals get by without admitting wrongdoing anymore as part of enforcement actions

Jack J. Kelly enforcement, SEC, Wall Street October 18, 2021

The Securities and Exchange Commission will return to a policy of requiring companies involved in settling some civil enforcement actions to admit wrongdoing, according to a Wall Street Journal report on Wednesday. Such admissions in certain cases will strengthen the deterrent value of enforcement actions and ...Read More

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EXCLUSIVE U.S. SEC opens inquiry into Wall Street banks’ staff communications -sources

Jack J. Kelly SEC, Wall Street October 13, 2021

WASHINGTON, Oct 12 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees’ digital communications, three people familiar with the matter told Reuters. SEC enforcement staff contacted multiple banks in ...Read More

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SEC’s Gary Gensler aims to save investors money by squeezing Wall Street’s profit margins

Jack J. Kelly Investments, Investors, SEC, Securities and Exchange Commission, Trading, Wall Street October 5, 2021

Wall Street’s new overseer has outlined an aggressive regulatory agenda that threatens to squeeze the financial industry’s profit margins. Securities and Exchange Commission Chairman Gary Gensler is working on tougher rules for high-speed trading firms, private-equity managers, mutual funds and online brokerages. Mr. Gensler, less than ...Read More

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Wall Street is back—and absolutely booming

Jack J. Kelly Wall Street June 29, 2021

The scene outside Goldman Sachs’ (GS.N) Manhattan headquarters at 8:30 a.m. a week ago was like the start of the academic year on a university campus. Smiling security personnel greeted workers at 200 West Street as they streamed through the turnstiles. A few staffers, apparently unaccustomed ...Read More

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What’s Next in Regulatory Compliance

Jack J. Kelly Regulators, Wall Street May 3, 2021

When the pandemic hit, we certainly sensed there would be a strong impact on our social lives. But what was not immediately apparent was the extent that Wall Street and its regulated financial services employees would be affected. The work-from-home revolution had arrived, and ...Read More

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Elon Musk says U.S. SEC is sometimes ‘too close’ to Wall Street hedge funds

Jack J. Kelly Elon Musk, SEC, Wall Street April 28, 2021

Tesla Inc Chief Executive Elon Musk said on Tuesday the U.S. Securities and Exchange Commission was an important watchdog for investors but questioned why it was not more proactive against the growth of listed blank-check companies. “They have an important role to play in ...Read More

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