Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Intermediaries
Prime Brokerages
Return to: BBR Home | Intermediaries | Prime Brokerages | News
Search Refinements

Prime Brokerages News

View news from other Banking sectors:
16-30 of 316 results
FINRA fines Triad Advisors and Securities America over reporting violations
By BBR Staff Writer
The US Financial Industry Regulatory Authority (FINRA) has imposed a fine of $650,000 and $625,000 against two firms Triad Advisors and Securities America, respectively, for failing to supervise the use of consolidated reporting systems in accordance with securities laws.
Intermediaries > Prime Brokerages > News
Convergex agrees to pay $151m to settle securities and wire fraud charges
By BBR Staff Writer
ConvergEx Group, a brokerage firm agreed to pay more than $151m to US regulators to settle criminal and civil charges that it exaggerated fees when trading for clients, deceived charities and other big investors.
Intermediaries > Prime Brokerages > News
FINRA fines Oppenheimer for overcharging customers
By BBR Staff Writer
The US Financial Industry Regulatory Authority (FINRA) has imposed a monetary penalty of $675,000 against investment boutique firm Oppenheimer & Co, for overcharging investors in municipal securities transactions and for failing to implement an adequate supervisory system.
Intermediaries > Prime Brokerages > News
HSBC cancels plan to divest Pakistani banking business, shuts Indian brokerage business
By BBR Staff Writer
London-based global financial services organization HSBC has scrapped an agreement to divest its banking business in Pakistan to JS Bank, as it failed to secure concerned regulatory approvals.
Intermediaries > Prime Brokerages > News
Aquiline, Genstar Capital purchase Genworth Wealth Management for $412.5m
By BBR Staff Writer
San Francisco-based middle market private equity firm Genstar Capital and Aquiline Capital Partners have acquired Genworth Wealth Management in a transaction worth $412.5m.
Intermediaries > Prime Brokerages > News
UBS to pay $4.6m to US securities regulators over unregistered sales assistants
By BBR Staff Writer
UBS Financial Services has inked a $4.6m settlement agreement with the multiple state securities regulators, to resolve the charges that its unregistered client-service associates in retail brokerage unit accepted trade orders from clients.
Intermediaries > Prime Brokerages > News
Saxo Bank rolls out USDRUB and EURRUB FX Options
By BBR Staff Writer
Multi-asset online trading and investment company Saxo Bank has introduced two new crosses to its OTC FX options offering, USDRUB and EURRUB, to support clients’ trading strategies and to enable them to manage complex portfolios.
Intermediaries > Prime Brokerages > News
CFH Clearing chooses BoA Merill Lynch as new FX prime broker
By BBR Staff Writer
UK-based brokerage firm CFH Clearing has selected Bank of America Merrill Lynch (BofA Merrill Lynch) as its new FX prime broker and its primary prime broker.
Intermediaries > Prime Brokerages > News
China’s GF Securities buys Natixis’ London commodities business
By BBR Staff Writer
Chinese securities broker company GF Securities has acquired certain parts of the French lender Natixis’ London-based commodities trading business, to expand its reach in the global derivatives markets.
Intermediaries > Prime Brokerages > News
TradeKing plans to purchase assets of GAIN Capital’s brokerage subsidiary
By BBR Staff Writer
TradeKing Group, an online broker/dealer, has entered into an agreement to purchase the accounts as well as the rights to certain other assets of GAIN Capital Securities’ Cleveland-based boutique brokerage subsidiary.
Intermediaries > Prime Brokerages > News
SEC sues Steven Cohen for failing to supervise portfolio managers
By BBR Staff Writer
The (US) Securities and Exchange Commission (SEC) has sued a hedge fund adviser Steven Cohen for failing to exercise supervision over two senior portfolio managers, Mathew Martoma and Michael Steinberg, and stop them from insider trading.
Intermediaries > Prime Brokerages > News
Societe Generale in talks to take over 50% stake of Newedge
By BBR Staff Writer
France-based lender Societe Generale is in negotiations to purchase 50% stake of brokerage firm Newedge from its joint venture (JV) partner Credit Agricole, in a bid to boost its prime brokerage business.
Intermediaries > Prime Brokerages > News
BTIG introduces interest rate trading desk
By BBR Staff Writer
Global financial services company BTIG has launched an Interest Rate trading desk, which will be initially focused on US Interest Rate products in both the cash and futures markets, to boost its fixed income product offering.
Intermediaries > Prime Brokerages > News
Saxo Bank creates new asset allocation strategy for long term investors
By BBR Staff Writer
Multi-asset online trading and investment specialist Saxo Bank has set up a new asset allocation plan, known as Balanced Portfolio, which enables traders to follow its progress on Tradingfloor.com and implement the strategy themselves.
Intermediaries > Prime Brokerages > News
Wells Fargo Securities launches client trade services group
By BBR Staff Writer
Capital markets and investment banking company Wells Fargo Securities has created a new Client Trade Services group within its markets division to combine businesses that offer clearing, trade execution, technology and operational services to corporate and institutional clients.
Intermediaries > Prime Brokerages > News
16-30 of 316 results