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.
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.
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.
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.