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From 2018-2023, Bank of New York Mellon repeatedly failed to correctly report at least 5,000,000 swap transactions

CFTC: From 2018-2023, Bank of New York Mellon repeatedly failed to correctly report at least 5,000,000 swap transactions & failed to properly supervise its swap dealer business with respect to swap data reporting & monitoring.

The Commodity Futures Trading Commission (CFTC) has fined The Bank of New York Mellon (BNYM) $5 million for repeatedly failing to accurately at least five million swap transactions and for inadequate supervision of its swap dealer business. These violations persisted despite a prior CFTC order against BNYM in 2019 for

The SEC awards $24 million to two whistleblowers

Whistleblower Alert! The SEC awards $24 million to two whistleblowers, meaning the fine levied ranged between $80,000,000 and $240,000,000 dollars.

The Securities and Exchange Commission today announced awards of more than $24 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower will receive an award of $4 million, while the second whistleblower will receive an

SEC awards $98 million to two whistleblowers

Whistleblower Alert! The SEC awards $98 million to two whistleblowers, meaning the fine levied ranged between $326,666,666.67 and $980,000,000 dollars.

The Securities and Exchange Commission today announced awards of more than $98 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower’s tip prompted the opening of the investigations, and thereafter provided critical additional information

FOMC Minutes: "The staff provided an update on its assessment of the stability of the U.S. financial system and, on balance, continued to characterize the system's financial vulnerabilities as notable." Ruh-roh...

FOMC Minutes: "The staff provided an update on its assessment of the stability of the U.S. financial system and, on balance, continued to characterize the system's financial vulnerabilities as notable." Ruh-roh...

Fed Releases Minutes from July FOMC Meeting Highlighting Economic Concerns and Financial Vulnerabilities The Federal Reserve released the minutes from the Federal Open Market Committee (FOMC) meeting held on July 30-31, 2024, providing insights into the economic and financial conditions discussed by the Committee. The minutes, published three weeks after

NSCC Proposed Rule Change OPEN For Comment: Updates to Accommodate Certain Trades from Fractional Share Trading Program.

NSCC Proposed Rule Change OPEN For Comment: Updates to Accommodate Certain Trades from Fractional Share Trading Program.

Proposed Changes: NSCC proposes to revise its Rules to allow an exception to the Real-time Trade Submission Requirement for Correspondent Clearing transactions representing aggregated transactions of fractional shares. As described above, NSCC cannot currently process trades on a fractional basis. However, NSCC may accept aggregated transactions from fractional share trading

Individuals who reported searching for a job in the past four weeks rose to 28.4% from 19.4% in July 2023.

SCE Labor Market Survey: The proportion of individuals who reported searching for a job in the past four weeks rose to 28.4% from 19.4% in July 2023, highest reading since March 2014.

The Federal Reserve Bank of New York’s Center for Microeconomic Data has released the July 2024 SCE Labor Market Survey, highlighting significant shifts in job market dynamics. The SCE Labor Market Survey, fielded as part of the Survey of Consumer Expectations (SCE) since March 2014, provides information on consumers’

SEC Charges Carl Icahn and Icahn Enterprises L.P.

SEC Charges Carl Icahn and Icahn Enterprises L.P. for Failing to Disclose Pledges of Company’s Securities as Collateral for Billions in Personal Loans

Source 2: https://www.sec.gov/files/litigation/admin/2024/34-100755.pdf The Securities and Exchange Commission (SEC) announced charges today against investor Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose significant information related to Icahn’s pledges of IEP securities