The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) announced combined penalties of $555 million in the latest enforcement sweep to hit the financial services industry for widespread recordkeeping failures. On Aug. 8, the SEC announced combined penalties of $289 million against 10 broker-dealers, including one dually Read More
A new proposal issued by the Financial Accounting Standards Board (FASB) will explore ways for companies to provide investors with more “decision-useful” information about corporate expenses. FASB is encouraging stakeholders to review and provide comment on the proposal by Oct. 30. In a statement, FASB Chairman Rich Jones said investors Read More
A London employment tribunal has awarded a former senior risk and compliance professional at National Westminster Bank (NatWest) approximately 88,000 pounds (US$112,000) for being “unfairly dismissed and discriminated against” while she was undergoing cancer treatment. The employment tribunal’s latest decision, published Aug. 2, focused on what remedies Adeline Willis should Read More
