Daily Archives: July 20, 2017, 4:50 pm

SEC Staff Endorses $61 Mln Award for Two JPMorgan Whistleblowers – AdvisorHub

Two whistleblowers whose outing of JPMorgan Chase’s bias toward selling wealth customers in-house funds led to the bank’s $267 million settlement with the government will receive payments equal to 23% of the award, according to a “preliminary determination” letter by SEC claim-review staffers. via SEC Staff Endorses $61 Mln Award for Two JPMorgan Whistleblowers – AdvisorHub

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Trump’s SEC Pick Jibes with Deregulatory Agenda

On at least two key issues, Peirce, whose previous nomination to the post by President Obama reportedly foundered because of objections by Sen. Elizabeth Warren and other Senate Democrats, has expressed views that seem to match Clayton’s. Like him, she appears to feel that the Department of Labor’s Fiduciary Rule may fall under the bailiwick of the SEC and that the…

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ASIC to use phone taps to prosecute insider trading | afr.com

The corporate regulator may soon be able to listen to intercepted telephone calls to prosecute insider trading, after Treasury found ASIC’s investigation into at least two suspected insider trading cases failed because it did not have the power to use intercepted telephone conversations. In a consultation paper released on Thursday, Treasury said the Australian Securities and Investments Commission should be…

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Trump to nominate former Senate aide Peirce for SEC commissioner — Reuters

U.S. President Donald Trump intends to nominate former Senate Republican aide Hester Maria Peirce to be a member of the Securities and Exchange Commission, the White House said on Tuesday. Peirce is a former Senate Banking Committee staff member and currently is the director of the Financial Markets Working Group at George Mason University’s Mercatus Center. She was nominated to…

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