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Join the Securities Litigation and Enforcement Group on LinkedInSEC.gov | SEC Announces Its Largest-Ever Whistleblower Awards
The Securities and Exchange Commission today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was a $30 million award in 2014. via SEC Announces Its Largest-Ever Whistleblower Awards.
SEC Urges Exchanges to End Standoff on Trading Data – WSJ
The chairman of the Securities and Exchange Commission on Monday pressed exchanges to end a standoff that has delayed the launch of a massive database meant to track all activity in the stock and options markets. “I’m not happy,” SEC Chairman Jay Clayton told a conference in Orlando, Fla., sponsored by the principal trade association […]
April 4 Webcast: Anti-Money Laundering Regulation of Digital Assets
Please join Alma Angotti, Gino Soave, Claiborne (Clay) Porter and Jason Somensatto for this free webcast.
FTC shuts down the ‘Bitcoin Funding Team’ for promoting deceptive moneymaking scheme
The Federal Trade Commission shut down multiple online moneymaking schemes involving cryptocurrency Friday. A federal court in Florida, at the request of the FTC, halted activities and froze the assets of four men for allegedly promoting “deceptive” chain referral networks. via FTC shuts down the ‘Bitcoin Funding Team’ for promoting deceptive moneymaking scheme.
U.S. Senate approves bill rewriting post-crisis bank rules
The U.S. Senate voted 67 to 31 on Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis. via U.S. Senate approves bill rewriting post-crisis bank rules.
UK’s First Consideration Of The Bribery Act’s Adequate Procedures Defence – FCPA Professor
Last month, the UK courts decided the first contested prosecution of a corporate for failing to prevent bribery under section 7 of the Bribery Act 2010. This was the first time that the so-called ‘adequate procedures’ defence was tested in court. via UK’s First Consideration Of The Bribery Act’s Adequate Procedures Defence – FCPA Professor.
SEC enforcement down despite increase in exams | Financial Planning
Examination rates have been marching steadily upward, with examiners on pace to reach 20% more firms this year than last, but at the same time, the percentage of firms referred to the SEC’s Enforcement Division has been dropping, now down to around 7% from around 10% in prior years, according to Peter Driscoll, director of […]
Citadel’s Ken Griffin Adds to Hires From a Preferred Locale: the SEC – Bloomberg
Citadel tapped a former senior attorney at the Securities and Exchange Commission as deputy general counsel, the fourth high-ranking official from Wall Street’s top regulator to join a Ken Griffin-owned firm in the last two years. via Citadel’s Ken Griffin Adds to Hires From a Preferred Locale: the SEC – Bloomberg.
Roomy Khan: ‘Being busted for insider trading decimated my life’ – The National
Today Ms Khan focuses on urging others in finance and trading to do all they can to protect themselves from what she describes as a ruthless and pressured working environment. “Even now when I think about it, I start crying. My life has been decimated beyond comprehension and I am aghast at the choices I […]