Financial Services Authority

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  RBS Next to be Fined in LIBOR-Rigging Scheme

  By Marlene Y. Satter, AdvisorOne  |  June 29, 2012

  The inquiry into a LIBOR-rigging scheme looks set to claim another quarry as RBS will reportedly be fined about 150 million pounds.

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  European Banking Union Not Enough: Investors

  By Marlene Y. Satter, AdvisorOne  |  June 28, 2012

  Investors, apparently, not only lack faith in officials to take decisive action on the debt crisis but also do not seem to believe that a bold solution proposed by some can work—because it does not go far enough.

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  SEC, FINRA Enforcement Roundup: Former Detroit Mayor, Movie Producer Charged

  By Marlene Y. Satter, AdvisorOne  |  May 11, 2012

  Among those finding themselves recently on the wrong end of an SEC action were a movie producer, former Detroit mayor Kwame Kilpatrick and a Shanghai-based auditing firm.

• London J.P. Morgan Banker Fined for Insider Trading

  By Marlene Y. Satter, AdvisorOne  |  April 3, 2012

  Ian Hannam resigned Tuesday from J.P. Morgan Cazenove in London after he was fined by the British Financial Services Authority (FSA) for insider trading. He intends to appeal the fine.

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  Former RBS Chief Stripped of Knighthood

  By Marlene Y. Satter, AdvisorOne  |  February 1, 2012

  Former Royal Bank of Scotland Group CEO Fred Goodwin is now also a former knight of the realm. Goodwin, on the advice of the Honors Forfeiture Committee in Britain, was stripped of his knighthood.

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  Hedge Fund Manager Einhorn Fined, Receives Personal Rebuke

  By John Sullivan, AdvisorOne  |  January 26, 2012

  Famed hedge fund manager and spurned New York Mets suitor David Einhorn saw a hit to his otherwise strong reputation Wednesday when Britain's Financial Services Authority announced it has fined his Greenlight Capital hedge fund, as well as Einhorn personally.

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  BlackRock’s Fink Slams SocGen Over ETFs

  By Marlene Y. Satter, AdvisorOne  |  November 17, 2011

  Synthetic ETFs were the target on Wednesday of Laurence D. Fink, CEO of BlackRock, as he criticized the products of Société Générale SA, saying that he didn’t want them to damage the industry.

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  Harmonizing Advisor, BD Rules Back Burner Issue for SEC: fi360's Thompson Says

  By Melanie Waddell, AdvisorOne  |  October 13, 2011

  Harmonization of advisor and broker rules is an issue that’s “lower on the totem pole” for the SEC now, Duane Thompson, senior policy analyst with fi360, said on Thursday. However, there are clearly areas where harmonization needs to occur.

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  U.K. Life Settlement Funds Expanding

  By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.  |  August 23, 2011

  U.S. life settlement funds have made significant inroads into the U.K. But a U.K. investment bank is cautioning investors that some life settlement funds may not be as they appear.

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  Lessons for U.S. Advisors—and Regulators—on Risk, Suitability From Overseas

  By Geoff Davey, FinaMetrica  |  August 11, 2011

  Paying attention to consumer needs is no longer whistling in the wind. It’s a global tornado.