Treasury announced that, after the necessary consultation with the FDIC and the SEC, it is providing a retail broker-dealer with a conditional exemption from certain Dodd-Frank recordkeeping requirements for certain of its qualified financial contracts.
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An investment bank agreed to pay $205 million as part of an agreement with the New York Department of Financial Services to settle claims of "unsafe and unsound" foreign exchange trading practices.
Deutsche Bank AG agreed to pay a $425 million fine and hire an independent compliance monitor to settle New York Department of Financial Services charges alleging that traders in a Moscow affiliate of the bank conducted a money laundering "mirror-trading" scheme.
The Bank of New York Mellon Corporation agreed to pay a $6.6 million penalty to settle SEC allegations of reporting, recordkeeping and accounting failures based on a miscalculation of risk-based capital ratios and risk-weighted assets.
The CFTC simultaneously filed and settled charges with a bank for failing to create, maintain and promptly produce required confirmations for a significant number of "Exchange for Related Position" trades.