Legislation Regulations

  • NEW YORK, Aug 19- The Financial Industry Regulatory Authority accused a New York broker of unfairly charging a 72- year-old retiree $376,000 in fees and commissions after he made repeated unauthorized trades of her blue-chip Colgate-Palmolive Co stock. Craig Dima, a broker at K.C. Dima's inappropriate trades cost the client a further $127,000 in lost...

  • WASHINGTON, Aug 19- More than 30 major technology and communication companies said on Friday they are joining the U.S. government to crack down on "robocalls," automated, prerecorded phone calls that regulators have labeled a "scourge." The strike force will report to the FCC by Oct. 19 on "concrete plans to accelerate the development and adoption of new tools and...

  • WASHINGTON— In a story Aug. 19 about Harley-Davidson's $15 million air-pollution settlement with federal regulators, The Associated Press reported erroneously the reason more than 12,000 motorcycles had been found out of compliance with federal clean air regulations. WASHINGTON— Harley-Davidson Inc. agreed Thursday to pay $15 million to settle a U.S....

  • ALBANY, N.Y.— New York financial regulators say Mega International Commercial Bank of Taiwan will pay a $180 million penalty and install an independent monitor for violating the state's laws against money laundering. A consent order signed by bank officials commits Mega International to install compliance controls. The bank has about $103 billion in assets,...

  • WASHINGTON, Aug 19- More than 30 major technology companies are joining the U.S. government to crack down on automated, prerecorded telephone calls that regulators have labeled a "scourge." The group was holding its first meeting with the FCC on Friday. FCC Chairman Tom Wheeler in July urged major companies to take new action to block robocalls, which often come...

  • Corrections Corp's shares rose 9.6 percent to $19.26, while GEO Group's stock gained 8 percent to $21.10. The U.S. Justice Department on Thursday directed the Bureau of Prisons to gradually phase out private prison operators by letting contracts expire or by scaling them back to a level consistent with recent declines in the U.S. prison population.

  • Corrections Corp's shares rose 9.6 percent to $19.26, while GEO Group's stock gained 8 percent to $21.10. The U.S. Justice Department on Thursday directed the Bureau of Prisons to gradually phase out private prison operators by letting contracts expire or by scaling them back to a level consistent with recent declines in the U.S. prison population.

  • BEIJING, Aug 19- State Grid Corp of China expressed "deep regret" on Friday after Australia formally blocked the A $10 billion sale of Ausgrid to Chinese bidders on security grounds. State Grid said it had followed regulations set by Australia in its bid and met all the bidding requirements. Australia's Treasurer Scott Morrison, who must approve major foreign...

  • Such reports to Congress were required every three years under the Energy Independence and Security Act of 2007.. The EPA agreed with the inspector general's findings that it had failed to produce studies as legally required. That will be 17 years after Congress passed a law requiring oil companies to blend billions of gallons of ethanol into their gasoline.

  • HKEx SFC

    Great Eagle's Lo Ka Shui explains that the two-tier regulatory system is best suited for Hong Kong's financial market.

  • NEW YORK, Aug 18- The U.S. Commodity Futures Trading Commission on Thursday said it filed a civil lawsuit against retail broker Forex Capital Markets LLC, saying it was under-capitalized in January, 2015, and failed to report its capital shortfall in a timely manner. New York- based FXCM is the largest U.S.-based retail foreign exchange broker, with...

  • The lawsuit was filed in New York state Supreme Court in Manhattan against Joseph Jiampietro, an ex-Goldman employee whom the Federal Reserve Board this month brought an enforcement case against. Goldman's lawsuit came after Jiampietro in July sued the bank in Delaware Chancery Court seeking to force it to cover at least $350,000 in legal expenses stemming...

  • NEW YORK, Aug 18- Deutsche Bank AG on Thursday agreed to retain a monitor to ensure it reports swaps data properly, to resolve U.S. regulatory charges over its handling of an April 16 system outage that has yet to be fully addressed. The U.S. Commodity Futures Trading Commission said the bank was unable to report swap data for multiple asset classes for five days...

  • NEW YORK, Aug 18- Earlier this year, an analyst asked Citigroup Inc Chief Executive Michael Corbat what he would do if activist investors tried to shake things up after what seems like eons of underperformance. "He was confident that they would not have any success with getting the regulators to look kindly on their plans," said Charles Peabody of Portales Partners,...

  • WASHINGTON, Aug 18- Harley-Davidson Inc agreed to pay a $12 million civil fine and stop selling illegal after-market devices that cause its motorcycles to emit too much pollution, the U.S. Justice Department said on Thursday. Harley was also accused of selling more than 12,600 motorcycles that were not covered by an EPA certification governing clean air...

  • WASHINGTON, Aug 18- Harley-Davidson Inc agreed to pay a $12 million civil fine and stop selling illegal after-market devices that cause its motorcycles to emit too much pollution, the U.S. Justice Department said on Thursday. Harley was also accused of selling more than 12,600 motorcycles that were not covered by an EPA certification governing clean air...

  • J.D. Irving mining subsidiary Aroostook Resources says that Maine's mining regulations are so mismatched they've effectively shut down an industry that could employ thousands of people. DEP Deputy Commissioner Melanie Loyzim says the department will ask legislators to consider new rules that will replace Maine's mining rules while addressing...

  • CHICAGO, Aug 18- Harley-Davidson Inc has settled a government lawsuit alleging violations of the U.S. Clean Air Act related to "super tuners" that lead to higher emissions from it motorcycles, the U.S. Department of Justice and the Environmental Protection Agency said on Thursday. As part of the settlement, the Milwaukee- based motorcycle maker will pay a fine of...

  • Aug 18- The U.S. Justice Department has sued Harley-Davidson Inc for allegedly violating environmental laws, court filings showed on Thursday. The lawsuit, filed on behalf of the U.S. Environmental Protection Agency, accused the company of violating the Clean Air Act and on-highway motorcycle regulations. The lawsuit is related to 12,682 motorcycles that did...

  • NEW YORK, Aug 18- Earlier this year, an analyst asked Citigroup Inc Chief Executive Michael Corbat what he would do if activist investors tried to shake things up after what seems like eons of underperformance. "He was confident that they would not have any success with getting the regulators to look kindly on their plans," said Charles Peabody of Portales Partners,...