5th May 2017
Jay Clayton was sworn into office this afternoon by U.S. Supreme Court Justice Anthony M. Kennedy as the 32nd Chairman of the Securities and Exchange Commission. Mr. Clayton was nominated to chair the U.S. Securities and Exchange Commission on January 20, 2017, by President Donald Trump and confirmed by the… Read More
4th May 2017
The Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) are urging the Commodity Futures Trading Commission (CFTC) to scrap the proposed automated trading regulation. In a letter to the CFTC, the associations said the commission should abandon the current version of the rule and, instead, implement… Read More
2nd May 2017
The 2008 financial debacle spawned federal legislation to protect the viability of the financial system. Among the causes of the crisis was dishonest behavior by some actors in the financial system and the enormous risks which intermediaries in the system took. Then came the Dodd-Frank Wall Street Reform and Consumer… Read More
17th April 2017
The EU is hurtling towards the implementation of MiFID II, a huge body of rule changes that no one will be ready for. Some regulatory flexibility will have to be shown or the process may end up resembling a car crash. Read More
14th April 2017
Trust Across America’s focus has always been on finding and highlighting the “best in breed” corporate citizens while leaving the worst for the scrutiny of others. But today is only Wednesday and my inbox is swamped with so many trust busting stories that my head is spinning. Here we go:… Read More
14th April 2017
The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websites while writers were being secretly compensated for touting company stocks. SEC investigations uncovered scenarios in… Read More
4th April 2017
Congressional Democrats filed an amicus brief with a federal appeals court in support of the Consumer Financial Protection Bureau’s current structure as an independent agency and its constitutionality. The brief was filed after a D.C. Circuit Court granted the CFPB’s petition for rehearing en banc in a case related to… Read More
4th April 2017
It was a fraud scheme involving penny stocks, but the scheme’s mastermind ended up making millions of dollars from unsuspecting investors around the country. California resident Zirk de Maison, a self-described merchant banker, devised a plan to make himself some easy money off the backs of hard-working folks. From about… Read More
28th March 2017
The Financial Conduct Authority (FCA) today announces that Tesco plc and Tesco Stores Limited (Tesco) have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading impression about the value of publicly traded Tesco shares and bonds. Read More
23rd March 2017
The US sanctions programme, an extension of the nation’s foreign policy, is given bite by the dominance of the US dollar in global finance, America’s stranglehold on the parts and software that are essential in technology products, and the size of the largest consumer market on earth. Read More