eComms
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FINRA fines Benjamin Edwards $750k for ecomms recordkeeping failures
FINRA noted the case involved “at least 3,560 text messages” about firm business, including sensitive personal information and investment advice.
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Coinbase’s fight with SEC escalates as OIG admits deleting text messages
In its legal filing, Coinbase said it seeks the court’s intervention “to ensure that all available measures are taken to preserve and produce responsive records.”
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SFO concedes Barclays Libor convictions may be “unsafe” following Tom Hayes ruling
Questions raised about fairness of process as six more individuals could have decisions re-examined.
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UK Supreme Court quashes conviction of Tom Hayes in landmark Libor case
The case highlights regulatory scrutiny of trader communications and individual accountability.
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Industry digests big fines for four banks over exchanges of sensitive information on gilts
Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to settle cases and will pay over £100m ($126.2m).
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XLOD London 2024: Trade surveillance in the spotlight
Panellists from RBC, Deutsche Bank, TP ICAP and Lloyds discussed the future of trade surveillance.
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Proponent of a proactive culture of compliance, Director Grewal embarks on post-SEC career
He joined the SEC in 2021 and has overseen cases ranging from Regulation Best Interest to greenwashing charges.
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Atom Investors dinged for ecomms recordkeeping lapses, but no fine imposed
The firm received no penalty because of its proactive approach, swift remediation and substantial cooperation efforts with the SEC’s investigation of a third party.