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Ex-Futures Broker Sentenced to Four Years for Insider Dealing

Prison Bars

In a prosecution brought by the Financial Services Authority (FSA) and heard at Southwark Crown Court Richard Joseph, age 43, has been found guilty of 6 counts of conspiracy to deal as an insider. He has been sentenced to four years on each count, which will be served concurrently.

Goldman On The Ropes

Lloyd Fonzie Blankfein

Goldman Sachs last week lost its bid to keep a shareholder proposal to split the chairman and CEO roles off its proxy statement.

Banks and Fed's Stress Test Models Far Apart

Federal Reserve Logo

The Federal Reserve's most recent stress test shows all but one of the nation's 18 largest banks are prepared to handle a severe economic shock. That is an improvement from last year when two banks failed to meet the minimum requirements outlined by the central bank.

Broker To 31 NFL Players Banned For Unsuitable Recommendations

Man And Screen In The Dark

The Financial Industry Regulatory Authority (FINRA) has said that it has barred broker Jeffrey Rubin of Lighthouse Point, Florida, from the securities industry for making unsuitable recommendations to his customer, an NFL player, to invest in illiquid, high-risk securities issued in connection with a now-bankrupt casino in Alabama.

Japan Marks Tsunami Anniversary

Sunset in Tokyo, Japan

Exactly two years after its north-east coast was wrecked by a deadly tsunami, Japan marked the moment that the most powerful earthquake in its recorded history triggered deadly waves that killed almost 19,000 people, while the prime minister, Shinzo Abe, promised to speed up reconstruction of flattened communities.



Pound Coin

Royal Mint makes a mint … again

The Royal Mint has reported soaring profits, boosted by commemorative coins struck and sold to mark events such as the 50th anniversary of Winston Churchill’s death and the 800th anniversary of the Magna Carta.