FINRA’s Susan Schroeder Moves Up Officials at the Financial Industry Regulatory Authority (FINRA) report that they have promoted Susan Schroeder to executive vice president and head of enforcement. Schroeder has been the acting head of enforcement since the departure of Brad Bennett earlier this year, FINRA officials say. Previously, she served as senior vice president… Read More >>
A Break in a Major Hacking & Fraud Scheme
Earlier this month there was a development in one of the most ingenious hacking and securities fraud efforts in a long time — one that in theory would make for a great crime/thriller movie. To refresh your memory, we reported [ http://bit.ly/2bLHdUQ ] that in a major anti-fraud action, the SEC issued charges against 32… Read More >>
Credit Suisse to Pay $665,000 for Futures Violation
U.S. commodities trading regulator the CFTC has ordered a payment of penalties totaling $665,000 from Credit Suisse International (CSI) for violating a speculative position limit for wheat futures and from Credit Suisse Securities (CSS-USA) for allegedly submitting misleading information to the regulator about the incident. The CFTC charged that the London-based CSI “exceeded the CFTC… Read More >>
Tabb Group Names Global Co-Heads of Research and Consulting
Market research firm, the Tabb Group has promoted Anthony J. Perrotta, Jr. and Andy Nybo to the level of partners and global heads of research and consulting in an effort to forge stronger relationships with banking, institutional investor, exchange and IT vendor clients, officials say. Larry Tabb, founder and CEO of the Tabb Group, says… Read More >>
Sifma Takes on New SEF Rules
The CFTC’s new rules for swap execution facilities have spurred controversy and Kenneth E. Bentsen, Jr., acting president and CEO of securities industry advocacy group Sifma, has recently voiced his opposition to key provisions of the final rules.In mid-May, the CFTC gave the initial green light to the rules governing the exchange-like SEFs. With the… Read More >>
Tearing Down the Culture of Secrecy
I had a mini-revelation about the financial services industry and its ongoing melodrama over transparency and data standards during a panel discussion at the19th ISITC Annual Industry Forum and Vendor Show in Boston this week. Essentially, is this industry doomed to never getting transparency right? My train of thought was sparked by economist Allan Mendelowitz,… Read More >>
