SEC proposes changes to short sale disclosure rule
Proposed rules will require certain institutional investors to report short sale information to the SEC on a monthly basis.
Tag: SEC
State Street begins settlement negotiations with US DOJ on client overcharges
State Street was approached by the US Department of Justice which had outlined a framework for a possible resolution into their review in late January.
State Street to pay $88 million over ‘secret markups’ on SWIFT messaging
Custodian found to have added secret markups on SWIFT message in another regulatory case of overcharging clients.
SEC continues ADR clampdown as Merrill Lynch agrees to $8 million settlement
The US SEC has collected monetary settlements exceeding $370 million relating to its investigation into improper handling of pre-released ADRs.
State Street in settlement talks with the SEC for allegedly overcharging custody clients
US custodian in ongoing settlement talks with regulator after first proposal was rejected for being 'too low'.
SEC appoints new director for clearing and settlement
Jeffrey Mooney was part of the regulatory team responsible for the US transition to a T+2 settlement cycle in 2017.
Citi to pay nearly $40 million settlement over ADR charges
Citi is the second bank the SEC has taken action against for ADR pre-release abuses within its depositary banking business.
JP Morgan among banks being investigated over ADR abuses
The investigation follows the recent $75 million settlement Deutsche Bank agreed to pay to the SEC for improper handling of pre-released ADRs.
Deutsche Bank to pay $75 million fine over ADR business
The German bank will pay the settlement after its US subsidiaries were charged with improper handling of “pre-released” ADRs.
Stronger by association
In January this year, former JP Morgan, State Street and Citi fund services veteran Chris Meader set up a new association for administrators, in a bid to promote collaboration and the sharing of ideas. He speaks to Global Custodian about the motives behind the association and what he is hoping to achieve.