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SEC Chairman says Dodd-Frank Act whistleblower program is ‘invaluable component’ in tackling securities fraud

SEC Chairman says Dodd-Frank Act whistleblower program is ‘invaluable component’ in tackling securities fraud

The Chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, has backed the Dodd-Frank Act’s whistleblower reward law, saying that the whistleblower program is an “invaluable component” to the Commission’s “enforcement efforts.” 

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Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

The US Commodity Futures Trading Commission has issued two orders filing and settling charges against Tullett Prebon Americas Inc, an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey, requiring the company to pay a total of USD13 million for failing to supervise employees and making false or misleading statements to CFTC staff.

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SEC charges broker-dealer and CEO with supervision failures related to hedge fund valuation scheme

SEC charges broker-dealer and CEO with supervision failures related to hedge fund valuation scheme

The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of AOC.