Daily Archives: April 8, 2016, 5:05 pm

CFTC whistleblower program finally scores big with $10 million award | Compliance Week

The U.S. Commodity Futures Trading Commission had been off to a slow start on its Dodd-Frank whistleblower program, having paid out just two awards totaling $530,000 over the entire life of the program. That changed dramatically this week, however, when the CFTC announced a huge award of more than $10 million. via CFTC whistleblower program finally scores big with $10…

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Former City trader claims he used journalists to beat stock market – report — RT Business

“The way it works is, I need information, they need information,” said Parvizi. “If I bought today and the Mail writes something tomorrow, the share price goes up two percent to five percent.” When asked whether he deliberately spread misleading rumors, the trader replied “Definitely, yes. I was there to help myself.” Financial Times spokeswoman Kristina Eriksson has denied the accusations,…

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Las Vegas Sands Paying Penalty for FCPA Violations — SEC

The Securities and Exchange Commission today announced that Las Vegas Sands Corp. has agreed to pay a $9 million penalty to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) by failing to properly authorize or document millions of dollars in payments to a consultant facilitating business activities in China and Macao. via Las Vegas Sands Paying Penalty…

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