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06:50 AM, Feb. 09, 2010
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    • More Top Stories

      Top Stories

      • Risk And Compliance: Merge Or Separate?
      • FINRA Eyes Exorbitant Mailing Fees
    • More Brokerage

      Brokerage

      • Canadian Firms Fined Over Phony Trade Claims
      • Firms Allowed To Report Trade Nixes Later
    • More Investment Management

      Investment Management

      • SEC Sues Md. Adviser
      • Fund Director Group Guides On Subadvisers
    • More Europe & Asia

      Europe & Asia

      • EU Banking Group Cautions On Oversight
      • Complaints Disclosure To Boost Care
    • More Corporate Finance

      Corporate Finance

      • Co.s Unaware Of Whistleblower Threat
      • Attorneys Welcome Pre-Offering Communication Relief
    • More Money Laundering

      Money Laundering

      • Canada Regulator Issues First AML Fines
      • Singapore Government Proposes New AML Law
    • Previously in Compliance Reporter

      • CFTC To Examine Position Limits

        The Commodity Futures Trading Commission was set to propose limits on energy traders’ positions. The plans would push forward a major piece of Chairman Gary Gensler's agenda and is a response to criticism the agency faced in 2008 when crude-oil prices soared to $145 a barrel. (Wall Street Journal)

      • Barnier Targets Derivatives, Short Sale Reforms

        Michel Barnier, the nominee for EU internal market commissioner, won backing in the European Parliament after saying regulation of commodities trading, derivatives and short selling should be reformed. “No financial market, no financial product, no territory should be able to escape regulation and oversight,” Barnier said at a confirmation hearing. “We need to put transparency, responsibility and ethics at the heart of the financial system.” (Bloomberg via BusinessWeek)

      • SEC Proposes Naked Access Ban

        The Securities and Exchange Commission proposed banning naked access. Naked access allows traders and others to rapidly buy and sell stocks directly on exchanges using a broker's computer code without exchanges or regulators always knowing who is making the trades. The rule, if passed, could set back the high-frequency trading industry. (Wall Street Journal)

      • U.S. Levy Plan Targets Big Banks' Risks

        President Barack Obama was expected to propose taxing large banks based on their exposure to risk as a means to recover taxpayer losses from the bailout of the financial sector, according to people familiar with the matter. If approved by Congress, the new levy, which the administration calls a “financial crisis responsibility fee,” would require more than 25 banks to collectively pay the federal government roughly $100 billion over 10 years. (Wall Street Journal)

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