SEC to vote on changes to whistleblower law

Mon, 21/10/2019 - 10:00

The US Securities and Exchange Commission (SEC) is neeting on Wednesday 23 October to vote on proposed changes to the SEC's highly successful Dodd-Frank Act whistleblower reward program. »

Northern Trust

Coming off autopilot: The SEC issues guidance on investment advisers’ proxy voting responsibilities

Wed, 09/10/2019 - 09:00

By Northern Trust – After a November 2018 roundtable on the proxy process, the SEC has begun issuing guidance around the use of proxy advisors.  This promises to be the beginning of the SEC’s scrutiny into proxy voting, not the end. »

CFTC orders interdealer brokers to pay USD25 million for fraud in FX options markets

Thu, 03/10/2019 - 10:43

The US Commodity Futures Trading Commission announced today that it issued orders filing and settling charges against two interdealer brokers – BGC Financial, LP and GFI Securities, LLC.   »

James McDonald, CFTC

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

Mon, 16/09/2019 - 09:32

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. »

Jay Clayton, SEC

SEC and CFTC charge Options Clearing Corp with failing to establish and maintain adequate risk management policies

Thu, 05/09/2019 - 10:25

The Options Clearing Corporation (OCC) is to undertake remedial efforts and pay USD20 million in penalties to settle SEC and CFTC charges that it failed to implement policies to manage certain risks as required by US laws and SEC and CFTC rules. »

Daniel Michael, SEC

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

Thu, 22/08/2019 - 09:34

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. »

Team building

CFTC Chairman Tarbert announces additional executive leadership appointments

Thu, 08/08/2019 - 09:50

US Commodity Futures Trading Commission Chairman Heath P Tarbert has announced the following appointments to the CFTC’s executive leadership team. »

US dollars

SEC awards overseas whistleblower USD500,000

Tue, 23/07/2019 - 22:31

The US Securities and Exchange Commission (SEC) announced a whistleblower award to an anonymous overseas foreign national of half a million dollars.  »


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