BROWSE BY TOPIC
Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
HSBC Restricts Personal Trading by Traders
HSBC Holdings, which employees over 200,000 employees worldwide, has told about 6,000 employees of its global markets division that they are prohibited from purchasing single-name securities and concentrated ETFs in their personal accounts.
Employees will be permitted to maintain existing holdings of securities prohibited by the new rules, though sales must be pre-approved by compliance personnel. Since the start of the year, HSBC has hired 1,800 extra compliance staff, bringing its total compliance staff to more than 6,000.
RESTRICTIONS AT OTHER BIG BANKS. HSBC wouldn’t be the first big bank, and it won’t be the last, to restrict personal trading in order to combat potential conflicts of interest.
- Goldman Sachs bars investment bankers from trading individual stocks and bonds.
- JPMorgan bans “speculative and other short-term investment activity” or the purchase of securities of a client.
- Deutsche Bank requires managerial approval for trades in personal accounts.