Enforcement Roundup: Standard Chartered to Pay $300M, Cut Services
In another enforcement action, the SEC charged a former bank exec and his friend with insider trading.
SEC Enforcement: Advisor Barred for Hiding Astrology-Based Investment Strategy
Meanwhile, the SEC charged a California-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered.
Criminal Charges Against Banks Risk Sparking Crisis
Even a threat of a hearing may prompt clients to "lose confidence" in an institution and even "cause a run" on a bank, one expert says.
Baby, You Can Drive My Car
A number of companies have sprung up that allow individuals to rent cars from other individuals instead of rental companies.
LIBOR Case Subpoenas Expand to 16 Banks
Now the list of subpoenaed banks has expanded to a total of 16, including Société Générale and Royal Bank of Canada (RBC), and more attorneys general are coming in on the investigation.
Standard Chartered to Pay $340M Over Iran Laundering Allegations
The settlement resolves an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007.
Standard Chartered CEO Comes to New York
Peter Sands, the CEO of Standard Chartered, is in New York and is prepared to attend a hearing ordered by the state’s Department of Financial Services on whether the bank should lose its charter to operate there.
New York on Solid Ground to Sanction Standard Chartered, Experts Say
Experts in the U.S. and abroad say that the bank's internal e-mails give the New York regulator a basis for its unilateral action.
N.Y. Action on Standard Chartered Surprised Other Regulators
Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.
New York Regulator Threatens to Suspend Standard Chartered Over Iran Dealings
The New York Department of Financial Services has warned the British bank Standard Chartered that it could be suspended from doing business in the state over charges that it violated money-laundering laws in dealings with institutions in Iran that are subject to U.S. economic sanctions.