Regulation

Regulators Play Catch-Up in Bitcoin, Cryptocurrency Craze

Federal regulators are playing a game of catch-up when it comes to monitoring the legal and tax effects stemming from the explosion of investment in …

Financial Regulation

Financial firms slash compliance headcount

Financial institutions have begun to cut compliance headcount for the first time since the economic crisis, according to Bloomberg.<p>One big question …

Financial Regulation

Libertarianism and environmental protection

The full contents of the <i>Encyclopedia of Libertarianism</i> are now online at Libertarianism.org, a website maintained by the Cato Institute. One of the newly posted entries is one I authored on “Environment.” Here’s a taste:<p>Environmental protection emerged as a major policy issue in the early 1960s, …

News (U.S.)

The GOP wasn't always against regulation

During the debate over the repeal of ObamaCare, Republicans made frequent reference to their desire for a "free market" for health care. This is …

George H. W. Bush

The new #DataMustFall battleground

He says that in their current form, the changes "would allow operators to continue punishing the poor for being poor".<p>Prepaid subscribers, who are …

Digital Divide

Cloudera Recognized for Cloud-Native Platform-as-a-Service Innovation

Company wins two awards: the Stratus Award for Cloud Computing by Business Intelligence Group; and for the third time, best Hadoop Solution by DBTA …

Financial Regulation

Suave developer to pay 3.9M for house-flipping scam

Jay Belson, a suave high-end Los Angeles developer and real estate agent, has agreed to pay $3.9 million to settle allegations that he ripped off …

Financial Regulation

Alibaba sales rise on Chinese ecommerce boom

Alibaba reported a near doubling in net income to just over $2bn in its first fiscal quarter, beating analyst expectations as the boom in Chinese …

Financial Regulation

Fed's Fischer says move to unwind bank regulation 'dangerous': FT

LONDON (Reuters) - Efforts by the United States government to loosen regulations on banks are "dangerous and extremely short-sighted", one of the U.S. central bank's top policymakers said in an interview with the Financial Times published late on Wednesday.<p>Vice chair of the Federal Reserve Stanley …

Business

SEC places New York bank IT man at centre of insider trading scheme

25 minutes ago | 69 views | 0<p>The Securities and Exchange Commission has charged seven individuals with insider trading based on tips allegedly …

Financial Regulation

SEC officials' holdings, legal work, pose potential conflicts

Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman …

Financial Regulation

China will strengthen regulation of online job advertisements

BEIJING (Reuters) - China will strengthen regulations on the accuracy of information provided by online job search websites, the human resources ministry said on Friday.<p>The move comes after the death of a young Chinese university graduate who fell victim to a pyramid scheme on a job-seeking …

China

New emerging markets ETF will amplify returns (and losses)

People worried about the “ETF-isation” of emerging markets will soon have another thing to fret about.<p>Direxion, a provider of so-called “leveraged” …

Financial Regulation

SEC To Regulate Bitcoin And Friends

Toss the "no government regulation in cryptocurrencies advantage." The SEC is coming.<p>Our securities regulator is making changes, trying and winning …

Financial Regulation

Another US player makes a Bitcoin ETF bid

<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Efforts to launch a Bitcoin-related exchange-traded fund (ETF) in the US are evidently not waning: In March, the Winklevoss brothersand cryptocurrency fintech SolidX both …

Financial Regulation

Upscale Theater Chain iPic to Go Public This Year

Company looks to raise up to $30 million in late fall offering<p>High-end cinema chain iPic theaters is going public in late fall of this year, …

Financial Regulation

LA leaders OK cannabis czar as ‘new era’ of recreational marijuana approaches

On Wednesday, Aug. 16, 2017, Cat Packer was confirmed as executive director of the newly formed Department of Cannabis Regulation. Photo courtesy …

Cannabis

News Highlights: Top Financial Services News of the Day

Fed's Williams: Interest Rates About Half Their Normal Level<p>Federal Reserve Bank of San Francisco President John Williams told broadcaster CNN Tuesday that short-term interest rates are currently about half their normal level, and need to rise gradually over the next few years.<p>Wells Fargo Names …

Financial Regulation

Qualcomm says modem sales to Apple are declining in the midst of lawsuits

Qualcomm told the Securities and Exchange Commission that sales of its modems with CDMA tech to Apple are expected to fall as litigation continues …

Financial Regulation

KPMG pays SEC $6.2 million for Miller Energy audit failures

Global auditing giant KPMG agreed to pay $6.2 million in penalties to settle Securities and Exchange Commission charges that it failed to properly audit Miller Energy, an oil driller that emerged from bankruptcy proceedings last year. The Securities and Exchange Commission said KMPG and a partner, …

Financial Regulation

Gold Investors VanEck Slams Bitcoin While Also Joining Hype

In a confusing move, Money management firm VanEck, who are leaders in gold-related investment funds, slammed Bitcoin as a fad while simultaneously …

Financial Regulation

News Highlights: Top Global Markets News of the Day

U.K. to Rule Out Extending EU Customs Area to Northern Ireland Post-Brexit<p>The U.K. will on Wednesday rule out extending the European Union's customs area to encircle Northern Ireland after Brexit, saying such a move wouldn't be "constitutionally or economically viable."<p>Trump Order to Speed …

Financial Regulation

CIO 100 2017 Winners Database

How to Use This Chart:Learn about the 2017 CIO 100 Award winners and their winning projects with this interactive chart. Click on the company name to …

Financial Regulation

Soros Remains Snap's Sole Big Investor: 13F Filing | Investopedia

Snap Inc. (SNAP) has had a rough go of it since its initial public offering back in March. With shares well under the IPO price and the social media …

Financial Regulation

Buffett divests stake in General Electric

NEW YORK: Warren Buffett's Berkshire Hathaway has sold off its stake in General Electric, according to US regulatory papers filed on Monday (Aug …

Financial Regulation

Wells Fargo Shows Erosion of Corporate Accountability Under Trump

There is an adage that “it’s better to ask forgiveness than it is to get permission.” In the world of corporate misconduct, it seems that there is even less need to beg forgiveness these days as the government scales back how much it will police companies that appear to have violated the law.<p>There …

Financial Regulation

VanEck filed to launch a Bitcoin ETF a day after a senior exec at the $25 billion fund called it 'a fad'

A nearly 70-year-old financial giant appears to be warming up to the cryptocurrency space as the price of Bitcoin continues to hit new records.<p>VanEck, the New York-based money manager with $24.7 billion in assets, is seeking to launch a Bitcoin ETF, according to an August 11 preliminary filing with …

Financial Regulation

California truck safety regulations face challenge from GOP Congress

After half a century driving semitrucks, Charles Oaks, 71, developed a strategy to stave off fatigue during 14-hour days on the road.<p>He drinks cups of coffee and unsweetened tea, and, most importantly, takes a rest stop every four hours.<p>“I am going to take the stops so I can travel safely,” the …

Administrative Law

Snap shares swing with IPO lock-up looming large

Snap shares traded choppily on Monday after some funds sold their stake in the disappearing message app owner, with a lock-up on the sale of shares …

Financial Regulation

China’s economy slips as factory output, investment slow

China’s economy faces headwinds this year as the effects of deleveraging and industrial capacity cuts kick in. Photo: Bloomberg<p><b>Beijing:</b> The pace of …

Financial Regulation