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Search ResultsShowing 1 - 10 of 100+ results for "US Securities"
Deutsche Bank fined for alleged bribery
ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
The US Securities and Exchange Commission (SEC) has fined the bank for falsifying payment documentation in relation to third-party intermediaries. Deutsche Bank has agreed to pay more than US$120 million for violations of the Foreign Corrupt Practices ...
GE, Cheesecake Factory pursued for disclosure violations
ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
The US Securities and Exchange Commission (SEC) has kicked off the festive season by cracking down on misleading disclosures about cashflow and profitability. On December 4, the SEC announced it would be charging the Cheesecake Factory for misleading ...
Hedge fund switched traders with algorithm
KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... US$170 million for replacing its traders with an algorithm that drastically underperformed. An investigation by the US Securities Exchange Commission found UK-based BlueCrest Capital Management omitted critical information from investors where it shifted ...
Nasdaq proposes diversity rules
KARREN VERGARA  |  THURSDAY, 3 DEC 2020
... who identifies as either an underrepresented minority or LGBTQ+ on boards. Nasdaq has filed the proposal with the US Securities and Exchange Commission that also requests companies to publicly disclose "consistent, transparent diversity statistics" regarding ...
Invesco advances active non-transparent ETF
KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... investment manager is in the final regulatory stage of having its active non-transparent ETF model approved. The US Securities and Exchange Commission (SEC) published a notice regarding the firm's exemptive application, "indicating its plan to grant ...
Manipulative trading at J.P. Morgan costs it over $1bn
ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements with the three government agencies resolve investigations into historical manipulative ...
ETFs undermine product comparison: Research
KARREN VERGARA  |  TUESDAY, 29 SEP 2020
... June 2020, Rainmaker research shows . Clements is advocating for reforms in the industry, firstly calling on the US Securities Exchange Commission to standardise ETP providers' website formats. The industry should also use uniform calculation methodologies ...
Fake pastor herds believers into Ponzi scheme
ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
... in the US has been charged over a Ponzi scheme that targeted African immigrants, particularly those of faith. The US Securities and Exchange Commission (SEC) charged two companies based in Maryland for the scheme that allegedly defrauded 1200 investors ...
UBS to cough up $14m over bond bungle
ALLY SELBY  |  THURSDAY, 23 JUL 2020
UBS will cough up more than $14 million (US$10 million) after the US Securities and Exchange Commission found it had violated rules giving retail investors priority in municipal bond offerings. According to the SEC, UBS improperly allocated bonds intended ...
Former investment adviser charged with $85m fraud
ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...
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