Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Brazil watchdog fines Morgan Stanley, Royal Bank of Canada for forex manipulation
Bruno Federowski, Richard Chang
Reuters, 13 June 2018
Brazil’s antitrust watchdog on Wednesday fined Morgan Stanley (MS.N) and Royal Bank of Canada (RY.TO) a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates charged to clients.
The board of regulator Cade unanimously approved a proposal to fine Morgan Stanley 30.280 million reais and RBC 12.586 million reais.
SEC proposes tougher “naked” short selling rules
Rachelle Younglai, Richard Chang
Reuters, 4 March 2008
The U.S. Securities and Exchange Commission on Tuesday proposed tougher rules to curb so-called “naked” short-selling abuses and prevent market price manipulation.
SEC Chairman Christopher Cox said regulation SHO, an existing rule partly aimed at short selling abuses, “needs teeth.”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
