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FERC Proposes $470 Million Fine in Barclays Energy Market Manipulation Case
Fueled with trader communications that included “gonna try to crap on NP light and it should drive the SP light lower” and “fuckked with the Palo mrkt,” the ...
Rochdale Loss Blamed on “Rogue” Trader
A trade gone wrong endangers an investment company. In a world of high-speed trades and limited controls, this sadly isn’t news. It seems even large investment firms are just ...
FINRA Finally Shuts Down EKN Financial Services
EKN Financial Serivices (formerly known as Ehrenkrantz King Nussbaum Inc) had accumulated a dubious regulatory rap sheet over the years. But the Financial Industry Regulatory Agency decided ...
Nomura Fined $3.8 Million For Leaking Client Information to Traders
The Japan Securities Dealers Association fined Nomura Holdings $3.8 million, the largest fine handed down by the regulatory group in more than a decade. The fine follows disclosures ...
BofA Merrill Lynch Options Trading Error Cost Upwards of $10 Million
It is a trade desgined to profit from less sophisticated traders. But apparently the dividend options trade proved too sophisticated for Merrill Lynch, a division of Bank of America. ...