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Tuesday Morning Compliance Briefs
U.S. Swaps Rule May Lead to Regulatory Conflict, Say U.K., EU
U.K. and European financial regulators warned their U.S. counterparts that a rule on trading swaps outside the U.S. could conflict with laws elsewhere, according to letters sent to the Commodity Futures Trading Commission.
SEC Staff May Seek Public Comment Over IPO Quiet Period Rules
U.S. Securities and Exchange Commission Chairman Mary Schapiro has asked staff members to consider seeking public comment on whether the agency should relax rules limiting firms’ communications before initial public offerings.
Julius Baer Says Employee Stole German Offshore Client Data
Julius Baer Group Ltd. (BAER), the Swiss wealth manager, is contacting German customers after an employee stole information on their offshore bank accounts in Switzerland.
Ghavami’s Rigged Bids Betrayed Municipal Issuers, U.S. Says
Ex-UBS AG (UBSN) managing director Peter Ghavami and two former colleagues lied and cheated to rig bids for city and state finance deals, a federal prosecutor said in closing arguments at their criminal trial.
HSH Nordbank Sues Over $634 Million in Mortgage Securities
HSH Nordbank AG, a German regional lender bailed out during the financial crisis, sued Goldman Sachs Group Inc. and Morgan Stanley over more than $634 million in residential mortgage- backed securities.
Consumer Bureau Names Acting Director for Its Rule-Writing Unit
The U.S. Consumer Financial Protection Bureau named Kelly Thompson Cochran, formerly a lawyer with Wilmer Cutler Pickering Hale & Dorr LLP, to serve as the agency’s acting assistant director for regulations.
Read More: Bloomberg
