Isobel Markham

July 08, 2014 | The American Lawyer

Plagued by investigations and hefty fines from regulators across the globe, British banking giant Barclays announced last Thursday that it has created a Compliance Career Academy designed to transform and professionalize compliance, Compliance Week reports.

By Isobel Markham

2 minute read

July 08, 2014 | The American Lawyer

Investors suing the Royal Bank of Scotland Group Plc over losses from a 2008 share sale have asked the bank to hand over details of investigations by U.K and U.S. regulators into its narrowly-missed collapse and subsequent hefty bailout, Bloomberg reports.

By Isobel Markham

2 minute read

July 07, 2014 | The American Lawyer

The Securities and Exchange Commission has come up with a tentative settlement to resolve charges against John Babikian, who is accused of operating a "pump-and-dump" scheme using penny-stock websites, Bloomberg reports.

By Isobel Markham

2 minute read

July 07, 2014 | The American Lawyer

The House Ways and Means Committee argued in a court filing on Friday that it should not have to comply with the Securities and Exchange Commission's demands to turn over documents sought in an insider trading investigation that involves its health care subcommittee staff director Brian Sutter, Reuters reports.

By Isobel Markham

2 minute read

July 07, 2014 | The American Lawyer

The Securities and Exchange Commission has hit the principals and comptroller of registered investment adviser SignalPoint Asset Management with a combined $215,000 fine for breach of fiduciary duty.

By Isobel Markham

3 minute read

July 04, 2014 | The American Lawyer

The Securities and Exchange Commission has named current managing executive for the Division of Trading and Markets James McNamara as its new deputy chief human capital officer in the Office of Human resources.

By Isobel Markham

2 minute read

July 03, 2014 | The American Lawyer

State securities and insurance regulators are on high alert about several complex investment products that are growing in popularity as retirees search for a higher yield, Investment News reports.

By Isobel Markham

3 minute read

July 03, 2014 | The American Lawyer

The Securities and Exchange Commission has barred Rochester, N.Y.-based accounting firm EFP Rotenberg from auditing any U.S.-traded companies based in China and fined the firm $50,000, alleging that it mishandled the audit of a Chinese travel company, The Wall Street Journal reports.

By Isobel Markham

3 minute read

July 02, 2014 | The American Lawyer

The Securities Industry and Financial Markets Association, the industry's main lobbying group, is preparing a strategy to explain why removing guarantees from U.S. banks' overseas trading is a lawful response to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, and not an attempt to exploit a loophole, Bloomberg reports.

By Isobel Markham

3 minute read

July 02, 2014 | The American Lawyer

The Financial Industry Regulatory Authority has hit the execution and clearing unit of Goldman Sachs Group Inc. with an $800,000 fine related to pricing errors in the dark pool trading unit over an eight-day period in 2011, The Wall Street Journal reports.

By Isobel Markham

2 minute read