Execution Broker ITG Ousts CEO Gasser After Probe
August 4th, 2015
Investment Technology Group’s investigation found Robert Gasser failed to disclose some details of alleged improprieties to board The announcement of ITG was saying that the company has replaced Bob Gasser as its chief executive officer with Jarrett Lilien, a ...
Barclays to pay $800,000 fine for U.S. data reporting errors
July 17th, 2015
Wall Street’s self-funded watchdog fined a unit of Barclays PLC (BARC.L) $800,000 (512,377 pounds) for violations related to how the bank reported stock trades over a more than two-year period, hampering the regulator’s ability to properly monitor the market. ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
FTSE 100 companies to cough up £24bn in legal liabilities
June 3rd, 2015
Companies forced to delay dividends and sell off assets to pay legal costs FTSE 100 companies have warned their shareholders they face total legal liabilities of £24bn, according to Thomson Reuters. Raichel Hopkinson, head of the practical law dispute ...
Ernst & Young settles with N.Y. for $10 million over Lehman auditing
April 16th, 2015
Ernst & Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney ...
Fidessa’s Smart Order Routing selected by Okasan Securities
January 5th, 2015
Fidessa group plc (LSE: FDSA) announced today that Okasan Securities has selected Fidessa’s SOR (Smart Order Routing) system to enable PTS (Proprietary Trading System) trading as of early 2015. Okasan Securities is already a client of Fidessa for both ...
NYSE plans to slash costs for retail investors
December 17th, 2014
The new owners of the New York Stock Exchange are planning to slash costs for some orders coming from retail investors in a bid to bring more trading back from “dark pools” and other off-exchange venues, according to a ...
Barclays Third-Quarter Profit jumps, sets aside FX probe
October 30th, 2014
Barclays Plc (BARC), the U.K.’s second biggest bank by assets, said third-quarter profit unexpectedly rose in the third quarter as the bank set aside 500 million pounds ($799 million) to settle probes into currency markets. Adjusted pretax profit rose ...
New York says Barclays move to toss fraud case should be denied
September 17th, 2014
The New York attorney general on Tuesday rebutted Barclays Plc’s (BARC.L) motion to dismiss the state’s lawsuit alleging fraud in how it ran a private trading platform, calling the arguments in the petition “misguided” and “disingenuous.” New York Attorney ...
Barclays gains Profit But Investment Banking Revenue declines
July 30th, 2014
Barclays said on Wednesday that it had swung to a profit in the second quarter, but that it was hurt by lower revenue in its investment banking unit and by higher provisions for improperly sold insurance. The British bank ...
