The US government is currently shutdown. This is one of the longest shutdowns of the US government ever in history. While President Trump tries to firmly defend his position on the future "Wall", the US government shutdown is affecting the number one cryptocurrency by market cap - Bitcoin. While there may be little correlation between…
Read moreShould the proposed rule be implemented, U.S. covered swap entities would be required to comply with the Commission’s margin rules for all uncleared swaps but would be eligible for substituted compliance with respect to margin that they post (but not that they collect) for swaps with certain non-U.S. counterparties
Read moreBarclays is subject to £1.53 billion in fines from 6 US and British authorities, representing the highest fiscal penalty paid so far by any single institution with regard to the FX manipulation cases that have been ongoing since mid 2013
Read moreThe revised Sanction Guidelines now advise FINRA adjudicators to strongly consider barring an individual respondent, or expelling a firm, for cases involving fraud
Read moreThe joint outreach program will be held on July 14 at the SEC's Washington D.C. headquarters, with topics of interest on the agenda including cybersecurity, anti-money laundering, and firms' approaches to supervision and sales practices
Read moreUS Secretary of the Treasury Jack Lew returns from China and states that the Yuan is not ready for the prime time
Read moreThe NFA found that Nextsource Trading Corporation, a clearing member on CME and ICE, had entered discretionary trades on customer accounts without authorization
Read moreJoseph M. Mecane has been appointed Floor Member Governor on FINRA's Board of Governors. Mr. Mecane is currently a Managing Director of Electronic Equities and Credit Products at Barclays, and previously served as EVP at NYSE
Read moreRetail forex broker FXDD and the US National Futures Association (NFA) have agreed on a $500,000 settlement relating to administrative issues, as FXDD has been in process of exiting the US retail forex market making business to act as an introducing broker in the US. As we reported earlier, FXDD sold its US business to…
Read moreNorth American commodity pool operator Paul Greenwood's fraudulent scheme had such high value that the receiver’s efforts to marshal assets to date have resulted in the recovery of over $900 million dollars, with the perpetrator facing 10 years in jail
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