JPMorgan Chase is set to testify before Congress today regarding the major bank’s multibillion-dollar trading blunder, and its effect on the future of trading regulation on Wall Street. The Office of the Comptroller of the Currency is expected to face scrutiny over its poor oversight of the bank unit responsible for the loss, with top […]
The Systemic Risk Council, a private sector group co-formed by the CFA Institute and led by former Federal Deposit Insurance Corp. chair Sheila Bair, will convene this month to monitor and encourage regulatory reform of U.S. capital markets focused on systemic risk.
The Alberta Securities Commission (ASC) has concluded a settlement with Edward Twanow, of DeWinton, Alberta, regarding allegations of illegal insider trading of Berens Energy Ltd. Shares. In the settlement agreement, Twanow acknowledged he purchased 20,000 shares of Berens Energy on December 23, 2009, following a discussion he had with his son, who was an engineering […]
Earlier this week, it was rumoured that Bruno Iksil would leave JP Morgan. And as it turns out, the rumours were true. Iksil is a French-born trader who manned the London office of JP Morgan. Prior to the company’s loss, he was nicknamed the “The London Whale”; he made risky trades and turned extremely bullish […]
Canada’s insurance regulators are considering closer oversight of the relationship between carriers and managing general agencies (MGA). While the industry has taken steps to govern itself, it may not be enough to stave off closer regulatory supervision.
The U.S. Securities and Exchange Commission (SEC) charged a former paralegal and her father for insider trading in securities of a Montreal-based semiconductor company.
A settlement hearing in the matter of Stanley Wayne Parke was held in Calgary, Alberta before a hearing panel of the MFDA's Prairie Regional Council.
On November 7, 2011, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) found Stéphane Rail guilty of failing to act in his client’s best interests and for attempting to impede the investigation by the IDA.
On January 26, 2011, a FINRA hearing panel found that Hedge Fund Capital Partners LLC and Howard G. Jahre, its president and majority owner, violated numerous FINRA rules and provisions of the Securities Exchange Act of 1934.
Knowing right from wrong is usually pretty easy. And for most advisors, staying on the right side of that line is pretty easy. Take, for example, borrowing money from a client. You know you shouldn’t do it, and yet some people in the industry still do.