The appointment follows the departure of Robert Khuzami, who revamped the division in the wake of the financial crisis with a record number of enforcement cases.
With increased regulation and a more mobile workforce, financial firms are looking for solutions to keep their employees compliant both in and out of the office.
In the weeks leading up to his arrest, SAC portfolio manager Michael Steinberg apparently told friends he knew he would be indicted but that he expected to beat the charges.
Federal agents arrested the portfolio manager of the largest hedge fund in the country. After a week of buying mansions and Picassos, is SAC Capital founder Steve Cohen next?
Average pay-per-head at U.S. and European investment banks has dropped compared to other sectors for the first time in a generation, according to new data.
Last year financial firms put an almost unprecedented focus on risk, control and compliance. That trend looks set to continue as organizations deal with the fall-out of regulatory change, major fines, and more.
In a blow to two major Wall Street
banks, the Federal Reserve told Goldman Sachs and
JPMorgan Chase that they must fix flaws in how they
determine capital payouts to shareholders.
Mark Cuban, the billionaire owner of a U.S. professional basketball team, on Tuesday lost a bid to throw out a U.S. regulator's civil fraud lawsuit accusing him of insider trading.
The U.S. Supreme Court on
Wednesday limited the authority of the federal government's top
securities regulator to seek civil penalties over conduct that
occurred more than five years before investigators took action.
While industry talk centers around developing integrated governance, risk and compliance strategies, most organizations still don't use GRC platforms multidimensionally
By Bernard Vaughan and Katharina Bart and Oliver Hirt, Reuters | February 22, 2013
A U.S. judge has extended a
freeze on a Swiss account linked to possible insider trading in
H.J. Heinz Co call options just before the ketchup maker
agreed to be bought by Warren Buffett's Berkshire Hathaway Inc
and Brazilian investment firm 3G Capital.
Former customers of Jon
Corzine's collapsed brokerage MF Global would recover most, and
probably all, of their money under the latest projections by the
trustee liquidating its bankrupt parent company.
The guidelines recently issued by the FFIEC on risk management and the use of social media for financial institutions only scratches the surface of this burgeoning issue.
Some of the more than $100 million
Peregrine Financial's former chief executive stole from his
brokerage's clients went to pay for his divorce settlement, the
trustee of the now-bankrupt brokerage said in a lawsuit late
Friday against the former wife.