Energy Firms Struggle To Meet Dodd-Frank Reporting Deadline

With Dodd-Frank reporting and record-keeping rules set to come into effect on April 10, energy companies worry they won’t be ready in time US energy companies are in a last-minute sprint to become compliant with Dodd-Frank reporting and record-keeping rules for derivatives end-users that are set to come into force on April 10, unless the

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Critiquing Your AML Compliance Program

With key regulators—the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA)—actively promoting new anti-money laundering (AML) initiatives for 2013, stricter oversight for corporations is all but certain. As a result, in-house counsel and compliance staff at broker-dealers and investment advisors—including

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Do Thank You Notes Really Make A Difference?

Most candidates believe that sending a thank-you note is the proper interviewing etiquette and will influence the hiring decision in a positive way. The ugly truth is that more often than not the thank you note has an adverse impact on getting the job. Writing a thank you note early on in the hiring process

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From Associate Attorney To Real Estate Agent?

Long work days and billable-hour pressures are well-known in the legal world. Now a jobs website is taking notice in a new list of the top 10 unhappiest jobs in America. Associate attorney is No. 1, making it the unhappiest job, Forbes reports Says Above the Law: “If you’re interested in being happier, it’s worth

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Swaps Among Bank Affiliates Exempt From Clearing Under CFTC Rule

Barclays Plc (BARC), JPMorgan Chase & Co. (JPM) and other banks will be exempt from Dodd-Frank Act swap market rules when trading between their own affiliates under a measure completed by the U.S. Commodity Futures Trading Commission. Commissioners approved a rule excluding inter-affiliate trades from requirements that swaps be guaranteed at clearinghouses that protect buyers

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Regulators Examining ‘Wash Trades,’ CFTC’s Chilton Says

U.S. futures regulators, concerned about the frequency with which high-speed traders engage in banned self-dealing, are examining the practice with an eye toward crafting new rules to prevent it, a top regulator said on Monday. The examination of so-called wash trades is “in a juvenile stage at this point,” the Commodity Futures Trading Commission’s Bart

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Citigroup Settles Preferred Stock Suit For $730M

Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank’s disclosures when they purchased its debt and preferred stock. The purchases were made from May 11, 2006 through Nov. 28, 2008. Citigroup denied the allegations and said in a statement late Monday that it agreed

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Fund Managers Rail Against EU Pay Curbs

A powerful investor backlash has been triggered against European plans to reform the pay and bonus structure of thousands of fund managers across the continent. “Foolhardy”, “counter-productive” and “politicians playing to the public gallery” were just some of the words and phrases thrown at Brussels by some fund managers over proposals to enforce a maximum

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