Citibank to Pay $38.8 Million for Improper Handling of ADRs
SEC alleges bank profited from ‘industry-wide fraud.’
Regulation
SEC Bags Almost $4 Billion in Fines for Fiscal 2018
Most disgorgement payments came from the Petróleo Brasileiro SA case.
High Court Rules Guaranteed Minimum Pensions Gender Biased
‘Landmark’ decision could cost UK pension industry up to £20 billion in payouts.
TPR Bans ‘Reckless’ Pension Trustees over Risky, Exotic Investments
Trustees invested in eucalyptus farms, parking lots, and suspected scams.
UK Firm Fined over £275,000 for Opting Workers Out of Pension
Workchain Ltd. handed largest fine for case brought by The Pensions Regulator.
SEC Settles with ‘Frack Master’ over Securities Fraud Charges
Christopher Faulkner is ordered to pay more than $25 million in disgorgement and fines.
Council of Institutional Investors, Ash Williams Tell NYSE, NASDAQ to Curb Multi-Share IPOs
The group wants newly listed companies to convert to one share-one vote structures after seven years on the exchanges.
UK Regulators Issue Joint Pensions Strategy
The FCA, TPR address fundamental changes in pensions sector.
TPR Fines Trustees for Not Investing Savings Promptly
Failure to invest £1.4 million for three years affected more than 9,000 Salvus Master Trust plan members.
Italy Moves to Lower Pension Eligibility Age in Budget Proposal
European Union has to approve the measure, which is aimed at making room for younger workers.
SEC Stops Microcap Fraud Scheme
More than a dozen international regulators helped unravel conspiracy.
SEC Charges LendingClub with Misleading Investors
Firm fined $4 million as former president accepts three-year ban from securities industry.
SEC Fines Voya $1 Million for Cybersecurity Breach
By impersonating contractors for the firm, intruders gained access to personal information of 5,600 customers.
European Court Rules UK Pension Compensation Cap Unlawful
Ruling expected to cause ‘administrative difficulties’ for UK’s Pension Protection Fund.
