The regulator has approved a settlement agreement reached between staff and Ian Telfer.
Regulators in the U.S. and UK have levied $920 million in fines on JPMorgan Chase in connection with the “London whale” trading losses, reports the Financial Times.
The Securities and Exchange Commission (SEC) today obtained a $13.9 million penalty against former Goldman Sachs board member Rajat K. Gupta for illegally tipping corporate secrets to former hedge fund manager Raj Rajaratnam.
JPMorgan could be fined $500 million by U.S. energy market regulators after they accused the bank of manipulating energy prices, reports the New York Times.
An important trial starts next week -- that of ex-Goldman Sachs trader Fabrice P. Tourre.
On June 26, 2013, an IIROC hearing panel of accepted a Settlement Agreement, with sanctions, between IIROC staff and Paul Frederick Richardson.
The New York Times’ DealBook reports New York State has slapped a $250 million fine on Bank of Tokyo-Mitsubishi UFJ. The penalty stems from claims that the bank “transferred illicit funds on behalf of Iran and other countries blacklisted from doing business in the United States,” says the report.
In a settlement agreement with the British Columbia Securities Commission, Richard Gozdek has admitted that he illegally sold securities in Armadillo, a Nevada corporation.
Following a penalty hearing held on April 15, 2013, an IIROC hearing panel imposed several penalties on Charles B. Floyd and James Gordon McDonald.
On May 30, 2013, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), accepted a Settlement Agreement, with sanctions, between IIROC staff and Yufeng Zhang.