Posts Tagged: Hugan Zhiguang
Barclays PLC paid the SEC $6.3 million Friday to settle FCPA offenses related to the hiring of relatives of public officials in Asia.
The British bank disgorged $3.8 million and paid a $1.5 million penalty to the SEC, plus pre-judgment interest of $984,000.… Continue Reading
Deutsche Bank paid the SEC $16 million Thursday to settle FCPA offenses related to its hiring of relatives of public officials in China and Russia.… Continue Reading
Denmark’s biggest bank by market value has appointed a new chief compliance officer and named him to its board of directors.
The UK Financial Conduct Authority fined Guillaume Adolph £180,000 ($250,000) and permanently banned him from the financial services industry.
Adolph worked at Deutsche Bank as a short-term interest rate derivatives trader.… Continue Reading
Banking giant Credit Suisse Group AG said Wednesday the DOJ and SEC are investigating its hiring practices in the Asia Pacific region.
The agencies want to know whether Credit Suisse hired referrals from government agencies and other state-owned entities “in exchange for investment banking business and/or regulatory approvals,” according to a fourth-quarter earnings release.… Continue Reading
The head of Deutsche Bank AG’s financial-crime-fighting unit and chief AML reporting officer left his his job after just six months.
Wall Street’s independent regulator fined Deutsche Bank Securities Inc. $3.25 million Friday for failing to provide the same information to all users of its off-exchange trading system.
An Alternative Trading System or ATS is non-exchange trading venue that matches buyers and sellers.… Continue Reading
The Commodity Futures Trading Commission (CFTC) filed a civil complaint Thursday in federal district court in New York City charging Deutsche Bank AG with failing to report any swap data for multiple asset classes for five days in April when a software update went wrong and crashed the system.… Continue Reading
The Financial Industry Regulatory Authority (FINRA) Monday fined Deutsche Bank Securities Inc. $12.5 million for sending out internal alerts that might contain confidential information traders and their customers could use.
The internal alerts are called hoots and squawks.… Continue Reading
Two former Deutsche Bank AG traders — the bank’s supervisor of the Pool Trading Desk in New York and a derivatives trader in London — were indicted for their alleged roles in a scheme to manipulate the U.S.… Continue Reading
The UK Financial Conduct Authority Wednesday banned a former trader at Deutsche Bank AG from the UK financial services industry for “lacking honesty and integrity” following his guilty plea for fraud in the United States.… Continue Reading