Monday, 22 July 2013

S.E.C. Accuses Miami of Misleading Bond Investors

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The Compliance Exchange News AlertJuly 22, 2013

Our client, a top-tier financial services firm, seeks a Litigation Paralegal who will provide general legal support in areas including litigation, regulatory, banking, and investment management to the firm's Legal team in New York.

 

If you are a fit, please get in touch with Jack Kelly - JKelly@ComplianceSearch.com Feel free to pass the link along to someone else, as well.

 

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The city of Miami is being accused of breaking its probation for violating securities laws.

 


Eliot Spitzer, the disgraced former governor who has convulsed the normally sleepy race for New York City comptroller, is open about the way he is going to use his personal fortune to win.

 

Regulators are using new powers to crack down on a high-speed trading firm that they contend was trying to manipulate prices of futures contracts.

 

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Pace University and the Association of International Bank Auditors (AIBA) announce a NEW and EXPANDED CCRP® program starting September 5, 2013. This six-month program with 20 three-hour sessions adds two new modules on securities law and consumer protection law. For more information, contact Professor John James, Pace University Graduate Center, One Martine Avenue, Room 520, White Plains, NY 10606,jjames@pace.edu, 203-536-9955  

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First the Securities and Exchange Commission rejected a settlement with a high-flying hedge fund manager, Philip A. Falcone.

 

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UBS AG UBSN.VX +2.50% agreed to pay a heavy fine to settle with U.S. regulators for allegedly misrepresenting mortgage-backed bonds sold during the American housing bubble, potentially resolving a lingering issue stemming from the Swiss lender's once-aggressive investment bank.

 

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U.S. securities regulators should consider raising the bar for who qualifies to invest in certain riskier financial products, a U.S. government watchdog said in a report released on Thursday.

 

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In March, as U.S. bank regulators were framing a new rule that would affect the $630 trillion derivatives market, JPMorgan Chase & Co sent five bankers from New York and London to Washington to raise some fine points about the impact of the financial reform.

The U.S. commodities market regulator has put Wall Street banks and other big traders on notice for a possible investigation of their metals warehousing businesses following years of complaints about inflated prices.
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The Organization for Economic Cooperation and Development proposed a blueprint for cracking down on tax-dodging strategies used by companies such as Google Inc. (GOOG), Apple Inc. (AAPL) and Yahoo! Inc. (YHOO)

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Wall Street's most powerful banks have accelerated efforts to transform the structure and focus of their commodity trading desks to preserve their multibillion-dollar empires from tightening regulation.

 

UBS's second-quarter profit beat forecasts even though it agreed to settle a lawsuit with the U.S. housing regulator over the mis-selling of mortgage-backed bonds, boosting shares in Switzerland's largest bank to two-year highs.

 

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Like all other investment banks Goldman Sachs was the poster boy of American capitalism till the market crash of 2008.
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