SEC, CFTC Enforcement: Knight Capital Fined $12M in Market Access Debacle
The CFTC got an acknowledgment from JPMorgan of fault in the London Whale case, while the SEC won one high-profile case and lost another.
Probe of Libor Scandal Set by British Parliament
An investigation into the rigging of Libor has been set by the British Parliament as the City of London worries that its reputation as the world’s top financial center has been damaged beyond repair.
At MF Global Hearing, Tough Questions Await CFTC’s Gensler
A House Financial Services panel has scheduled a Dec. 15 hearing to delve into the collapse of brokerage firm MF Global, with Gensler called to address oversight of the failed firm by Dec. 7.
SEC Sees No Way to Adequately Examine Advisors, Senators Told
Carlo di Florio, director of the SEC's Office of Compliance Inspections and Examinations, said the agency “will not have sufficient capacity in the near or long term to conduct effective examinations of registered investment advisors with adequate frequency.”
DOL to Repropose Fiduciary Rule
Bowing to pressure from members of Congress, industry groups, and the public, the Department of Labor’s EBSA said on Monday that it would repropose its controversial rule amending the definition of fiduciary under ERISA.
Dodd-Frank—One Year Later
With the recent one-year anniversary of the Dodd-Frank Act on July 21, members of Congress as well as industry officials have been reflecting on the law’s effects—for good or ill.
Congress to DOL's Borzi: Repropose Fiduciary Rule, Too Broad
Lawmakers told EBSA head Borzi on Tuesday to repropose EBSA’s controversial regulation amending the definition of fiduciary because it's too broad and because the agency failed to examine the full cost of expanding the definition.
Barney Frank Says Dodd-Frank Is “Holding Up Well”
As anniversary nears, Congressman expresses frustration that GOP is using “deficit crisis to under fund the SEC and CFTC”