SEC Delays CAT Deadline for Broker-Dealers Amid COVID-19
FinanceMagnates, 21 April 2020
The Securities and Exchange Commission (SEC) has yet again pushed back the date for when broker-dealers will need to report data to the regulator’s Consolidated Audit Trail (CAT), allowing firms to instead focus their efforts on dealing with the coronavirus pandemic and the impact it is having on their businesses.
In a statement published on Monday, the US regulator said that it had voted in favour of issuing two exemptive orders in which it will move the CAT implementation forward, with the first action required on the 22nd of June, 2020.
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EU Regulators Charge Credit Suisse with Rigging FX Markets
Celeste Skinner, 01 August 2018
Credit Suisse Group AG announced on Tuesday that it has been charged by European Union antitrust regulators with manipulating forex rates. The charges signal the five-year-long investigation might be coming to a close in the near future.
In a regulatory filing, the allegations state that Credit Suisse “engaged in anti-competitive practices in connection with its foreign exchange trading business.” Now, the Wall Street bank will need to wait and see if the EU regulators will impose a fine, which could be up to 10% of its global turnover. Continue reading “Article: EU Regulators Charge Credit Suisse with Rigging FX Markets”