US regulator the Securities and Exchange Commission has charged two financial advisors and three others in their circle of family and friends with insider trading for more than $1.8m in illicit profits based on confidential information about a Philadelphia-based insurance holding company’s merger negotiations with a Japanese firm.
The U.S. Commodity Futures Trading Commission (CFTC) has announced that Goldman Sachs Execution & Clearing, L.P. (GSEC), a registered futures commission merchant based in New York, N.Y., agreed to pay a $5.5m civil monetary penalty and $1.5m in disgorgement to settle CFTC charges that it failed to diligently supervise accounts that it carried from about May 2007 to December 2009.
And it's Goldman Sachs.
Here are a couple of reader comments on the recent article we ran about the barriers (or lack of them) to success in the financial markets industry.
Here's a note of the results.
Here's a few links to some interesting Bloomberg, New York Post and Reuters stories currently doing the rounds.
Bloomberg reports that Goldman Sachs has hired former U.S. Treasury Department aide and presidential spokesman Richard L. 'Jake' Siewert Jr. as Global Head of Corporate Communications.
J.P. Morgan has once again been a top performer in Institutional Investor magazine’s annual All-Europe rankings for fixed income and equities research.
Citi, an official sponsor of the 2012 U.S. Olympic and Paralympic Teams, has announced its roster of 'Team Citi' athletes, comprised of two US Olympic alumni and 11 US Olympic and Paralympic qualifiers and hopefuls.
Here's 11 of the biggest PR gaffes of all time.
The average Wall Street bonus rose 2 percent to $172,860 last year as the securities industry added jobs for the first time since 2011, the New York state comptroller's office said Wednesday.
“For the good of his own reputation as well as that of his institution and British banking, Mr Flint should go.”
The U.S. operations of Germany's and Spain's largest banks had their knuckles rapped by the U.S. Federal Reserve late Wednesday.