Wells Fargo To Pay ‘$35Million’ Fine
Wells Fargo to pay $35million fine for failure to inadequately supervise sale of high risk products.
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U.S. SEC to form committee to look into reforming the bond market
The Fixed Income Market Structure Advisory Committee (FIMSAC) is likely to look into issues, including minimizing complexities of the municipal bond market and pre-trade transparency.
SEC’s EDGAR database vulnerable to cyber threats
The SEC has admitted to the existence of vulnerabilities in its EDGAR database, a repository which houses millions of filing of corporate America, not only in its internal memo, but also during a Congressional hearing. As a result, the implementation of the new rules that were adopted in 2016 for the $18 trillion U.S. mutual fund industry, is likely to be delayed.
Blackstone backed Optiv Security Inc. to come out with an IPO
As of Sept. 30, the company had posted a loss of $5.7 million on a turnover of $643.8 million. The Blackstone Group has a majority stake in the company.
Why are US Oil companies afraid of transparency?
There is a growing trend by Governments and NGOs that CSR consist of concrete substantial steps and not just an exercise in window dressing. A consortium of US based organizations have filed a lawsuit against the U.S SEC, which is trying to bring about greater transparency in their working.
