The SEC voted late last month to move ahead with the final phase of the consolidated audit trail (CAT) project, part of a proposed national market system (NMS) plan to “create a single, comprehensive database that would enable regulators to efficiently track all trading activity in the U.S. equity and options market,” officials say. The… Read More >>
SIFMA Pushes Back on Revamp of Retirement Savings Rules
President Barack Obama announced Monday that he wants to see “major actions” taken to update the rules governing retirement savings that will focus on conflicts of interest. The White House will be directing the Department of Labor (DOL) to “crack down on Wall Street” in order to protect investors from conflicted retirement advice, officials say…. Read More >>
SEC Hits HSBC Private Bank with $12.5M Penalty
HSBC Private Bank (Suisse) is admitting wrongdoing and will pay $12.5 million to settle charges from the SEC that the Swiss-based private banking arm violated federal securities laws by not registering with the regulator before providing cross-border brokerage and investment advisory services to U.S. clients, SEC officials say. HSBC Private Bank has agreed to pay… Read More >>
J.P. Morgan
J.P. Morgan Worldwide Securities Services (WSS) is a securities servicing provider for institutional investors, alternative asset managers, broker dealers and equity issuers. The WSS unit offers services for: Commercial Paper GlobeClear (international clearing, settlement and custody) U.S. Broker/Dealers Benefit Payments Collateral Management for Cash, Derivatives and Securities Compliance Reporting Depositary Receipts Direct Custody & Clearing… Read More >>
