When Is Compliance A Competitive Advantage? May 20, 2013When compliance is working, it often goes unnoticed and flies under the radar. However, the value of a good compliance program is hard to measure. Bankers Could Soon Face Jail For Reckless Behavior April 26, 2013A UK banking commission is currently debating the proposal, with many in favor of punishing reckless acts with jail time. Who Was Really Behind The Twitter Hack That Wiped Out $136 Billion? April 25, 2013While the Syrian Electronic Army claimed responsibility for the attack, the FBI, SEC and CFTC are now investigating the hack. Amid Conflict of Interest Debate, New SEC Chairman To Appoint Enforcement Lieutenant April 22, 2013The 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. Struggling HFT Firms Focus On New Technologies April 09, 2013High-frequency trading firms face declining profits and increased scrutiny. But microwave and other new technologies are helping keep them in the game. Wall Street Employees Gain A New Way Of Staying Compliant On The Road April 08, 2013With 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.
Will The Insider Trading Case Against SAC Be Too Tough To Prove? April 01, 2013In 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. Why Market Participants Should Invest In Post-Trade Settlement Best Practices March 28, 2013Regulatory change can dramatically improve the global post-trade environment. But in the meantime, market participants need to embrace industry best practices.
Ten Things Compliance Officers Need To Do In 2013 March 25, 2013Last 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 Fundamentals Of A Solid Investment Adviser's AML Program March 07, 2013Regulatory reform is driving demand for AML programs among investment advisors. Here's what they must have in place. IT Spending Expected To Grow 5% In Financial Services March 06, 2013A new IDC report shows that as the economy stabilizes, financial firms will spend more on technology in 2013. It’s All JP Morgan’s Fault March 05, 2013A new Senate report on the bank's $6 billion loss finds that JP Morgan has some serious questions to answer. Insider Trader Rajat Gupta Ordered To Pay Back Goldman Sachs February 26, 2013Goldman and other banks are making claims based on a law that allows corporations to be reimbursed as a victim of an insider trading crime. The Start of Another Financial Crisis February 19, 2013It's a deja-vu: the stability of the global markets could soon be under threat due to a looming crisis in the derivatives industry. Justice Department Works On New Model To Prosecute Banks February 19, 2013Banks have been getting off too easily. Now, the government is pushing to make them accountable for any wrongdoing. Financial Firms Overhaul Data Management Strategies February 11, 2013As capital markets organizations focus on ways to reduce risk, data management is receiving a top-to-bottom makeover. MF Global Customers to Get Most of Their Money Back - Freeh February 04, 2013Former 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. Deutsche Bank Swallows $4 Bln of Charges for Clean Up January 31, 2013Deutsche Bank plunged to its worst quarterly loss in four years on Thursday after it took nearly $4 billion in charges to try and draw a line under a slew of scandals and boost its balance sheet without asking shareholders for cash. Peregrine Financial's ex-CEO's ex-Wife Sued Over Divorce Money January 28, 2013Some 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. The Other Side Of An Insider Trading Investigation January 28, 2013When the SEC suspects an organization is involved in fraud, the investigation can last for months, if not years.