‘Enforcement 40’ for 2020
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$26 billion in fines and 28 jail sentences: How global regulators are cracking down on financial crime – Business Insider Nordic
Almost 80% of fines between 2012 and Q3 2017 were issued by US regulators, the majority of which (85%) related to market abuse and disclosure. The UK’s Financial Conduct Authority (FCA) accounted for $3.1 billion (£2.2 billion) of the conduct fines handed out over the same period. via $26 billion in fines and 28 jail […]
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law – NYTimes.com
The call went out on Twitter: “For insane profits come and join the pump.” It was an invitation to a penny stock-style pump-and-dump scheme — only this one involved Bitcoin, the soaring, slightly scary virtual currency that has beckoned and bewildered people around the world. While such bid ’em up, sell ’em off scams are […]
New rule could turn U.S. hedge funds into informers
U.S. financial regulators are pushing to turn hedge funds into informers on the white collar crime beat. The Financial Crimes Enforcement Network (FinCEN) is working on a rule that would require U.S. hedge funds to file formal reports notifying U.S. authorities of any suspicious trading by employees or outside parties, the regulatory agency said. The […]
Google’s Announcements on Financial Performance Now Exclusively Released On Its IR Website
Google will make financial disclosures exclusively on this “recognized channel.”
SEC Considers Requiring Detailed Findings of Investigations in Settlement Agreements
The agency may require detailed findings in settlement agreements.
Two Finra Merger Cases Dismissed
Judge Rakoff cites absolute immunity of NASD in its regulatory function.
IOSCO Releases Template for Hedge Fund Regulation
IOSCO sets forth new required disclosures for hedge fund regulators to enforce.