Browsing: Compliance
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SEC Kicks MiFID II Can Further Down the Road
11/05/2019
As expected, the US Securities and Exchange Commission extended its ‘no action’ relief, allowing asset managers subject to MiFID II to make cash payments to US brokers for an additional ...
MiFID II Impacts Research Coverage and Quality
10/21/2019
According to a recent survey conducted by UK-based consulting firm, Citigate Dewe Rogerson, over 52% of the UK investor relations professionals surveyed reported a decline in sell-side analyst coverage while ...
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Former Credit Suisse Equity Research Head Joins Redburn
09/30/2019
UK-based independent research firm, Redburn, recently added Steve East, the former head of EMEA equity research at Credit Suisse. Mr. East joins Redburn as head of sector research and will ...
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California Requires Data Brokers to Register
09/24/2019
The California legislature passed a law requiring firms that aggregate and sell data collected from individuals to register with, and provide certain information to, the state’s Attorney General. The broadly ...
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FCA’s MiFID II Review Shows 20% to 30% Research Budget Reductions
09/23/2019
The UK’s Financial Conduct Authority recently released its eagerly awaited review on MiFID II. The report revealed a number of findings, including that asset managers have reduced their research spending ...
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Baird Fined $150,000 in Research Conflict of Interest Settlement
09/16/2019
Milwaukee-based regional investment bank, Robert W. Baird, was recently fined $150,000 by FINRA for a 2013 incident where the bank allegedly failed to disclose a conflict of interest by one ...
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Federal Court Rules in Favor of Web Scraping
09/11/2019
In a closely followed case affecting the legality of web scraping, LinkedIn lost its appeal of a lower court injunction allowing hiQ Labs to continue scraping public data on LinkedIn’s ...
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Germany Proposes Reform to MiFID II
09/03/2019
The German Ministry of Finance (Bundesfinanzministerium, BMF) submitted proposals to the European Commission expressing concerns about MiFID II’s impact on research coverage for small to medium enterprises (SMEs). In contrast ...
RBC Analyst Arrested for Insider Trading
08/26/2019
In recent weeks, RBC Capital Markets junior investment banking analyst, Bill Tsai, was arrested for insider trading ahead of their April announcement that private equity firm Siris Capital Group would ...
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Biotech Firm Fined for Reg FD Violations
08/22/2019
The Securities and Exchange Commission settled charges that TherapeuticsMD, a pharmaceutical company developing women’s hormonal therapy and contraceptive products, violated Regulation Fair Disclosure in connection with its sharing of material, ...