Edition:
United States

Katanga Johnson

KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC

Jun 17 2019

WASHINGTON KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm's previous audit work and cheated on training exams, the U.S. Securities and Exchange Commission said on Monday.

Fannie, Freddie government guarantee should be limited: U.S. housing finance chief

Jun 13 2019

WASHINGTON The head of the U.S. Federal Housing Finance Agency (FHFA) said on Thursday that Congress should create a "limited" explicit guarantee for government-sponsored enterprises Fannie Mae and Freddie Mac.

U.S. consumer watchdog delays existing payday lending rule compliance

Jun 07 2019

WASHINGTON, June 7 The U.S. Consumer Financial Protection Bureau on Friday said it is once again extending the compliance date for an ability-to-repay provision of a rule cracking down on payday lenders.

U.S. SEC adopts rules to prevent broker conflicts, boost disclosure

Jun 05 2019

WASHINGTON The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to adopt a package of rules requiring brokerage firms to disclose potential conflicts in the fees investors pay and the commissions brokers earn when giving financial advice.

U.S. SEC poised to adopt rules aimed at preventing broker conflicts, boosting disclosure

Jun 05 2019

WASHINGTON, June 5 The U.S. Securities and Exchange Commission (SEC) on Wednesday will vote to adopt a package of rules mandating brokerage firms disclose potential conflicts in the fees investors pay and the commission brokers earn when giving financial advice.

Kushner: Palestinians deserve self-determination but uncertain they can govern themselves

Jun 03 2019

WASHINGTON White House senior adviser Jared Kushner said in an interview broadcast on Sunday that the Palestinians deserve "self-determination," but stopped short of backing Palestinian statehood and expressed uncertainty over their ability to govern themselves. | Video

Subpoenas for Trump financial records on hold pending appeal: court filing

May 25 2019

WASHINGTON Deutsche Bank AG and Capital One Financial Corp will not have to immediately hand over the financial records of U.S. President Donald Trump, three of his children and the Trump Organization, according to a court filing on Saturday.

SEC files complaint against New York real-estate developer for anti-fraud violations

May 23 2019

WASHINGTON The U.S. Securities and Exchange Commission (SEC) filed a complaint against a real-estate developer and two affiliated firms for "siphoning and misusing investor funds" to the tune of over $91 million, the agency said in a statement on Thursday.

Former U.S. SEC employee cites discrimination, failed market oversight -lawsuit

May 16 2019

WASHINGTON, May 16 A former U.S. Securities and Exchange Commission (SEC) employee has filed a lawsuit against the regulator citing agency failures in market oversight and wrongful termination on the grounds of "age, religion and gender" discrimination.

U.S. SEC proposes rules aimed at supervision of cross-border derivatives

May 10 2019

WASHINGTON, May 10 The top U.S. markets regulator on Friday proposed rules aimed at improving how the financial market accepts and supervises cross-border derivative applications.

World News