The Financial Times reports Nasdaq faces an SEC fine of up to $10 million for its role in the Facebook IPO debacle.
The Securities and Exchange Commission has charged Capital One Financial Corporation and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis.
Following a disciplinary hearing held on March 18, 2013, in Saskatoon, Sask., a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC), found that James Dale Lambert was liable of failing to use due diligence to learn the essential facts relative to investments in a financial product he recommended to clients, and failing […]
Following a penalty hearing held on November 27, 2012, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC), imposed fines on Marco Myatovic and Doreen Lowe. The panel found that the two had failed in their roles as gatekeepers by facilitating manipulative or suspicious trading activity in several client accounts, thereby engaging […]
The firm was also ordered to pay more than $323,000 in restitution, plus interest, to customers who did not receive best execution for their trades in non-convertible preferred securities.
The SEC has charged a former employee at a California-based medical device manufacturer with illegally tipping confidential financial data to her brother, who illegally traded in the company’s stock and enabled his hedge fund clients to do the same. The SEC alleges that ThanhHa Bao, who worked in the finance department at Abaxis Inc., regularly […]
Standard and Poor’s, along with two other defendants, were ordered to pay US$21 million after an Australian court found they misled investors.
The SEC has charged two investment advisers at Oppenheimer & Co. with misleading investors about valuation policies and performance.
Following a penalty hearing held on December 13, 2012, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), imposed the following penalties on Peter Michael Deeb:
Why hasn't anyone from HSBC been tried for money laundering?