ESMA News

MiFID II: ESMA publishes transitional transparency calculations for bonds and updates calculations for two other asset classes

MiFID II’s implementing measures on transparency for non-equity instruments require national competent authorities (NCAs) to publish information on the liquidity classification of financial instruments and the sizes large in scale (LIS) compared to normal market size and the size specific to the instrument (SSTI) six months prior to the date of application of MiFIR. EEA […]

SEC News

Bridget Fitzpatrick Named Chief Litigation Counsel

Washington D.C., Sept. 7, 2017— The Securities and Exchange Commission today announced the leadership of the agency’s trial unit.  Bridget Fitzpatrick has been named Chief Litigation Counsel of the SEC and David Gottesman will continue to serve as the agency’s Deputy Chief Litigation Counsel. Since December 2016, Ms. Fitzpatrick and Mr. Gottesman have served as […]

SEC News

Former Amazon Employee and College Friend Charged With Insider Trading

Washington D.C., Sept. 7, 2017— The Securities and Exchange Commission today announced insider trading charges against a former Amazon financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal profit.  The college friend and his trading partner also are charged […]

SEC News

State Street Paying Penalties to Settle Fraud Charges and Disclosure Failures

Washington D.C., Sept. 7, 2017— The Securities and Exchange Commission today announced that State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation of its platform for trading U.S. Treasury securities. An SEC order […]

FCA News

FCA on fair treatment of longstanding customers review

On 3rd March 2016 the Financial Conduct Authority announced investigations into six firms as a result of its thematic review into the fair treatment of longstanding customers. The FCA has today announced that the investigation into Police Mutual has been closed with no further action. The investigations into Scottish Widows, Prudential, Countrywide Assured, Old Mutual and […]