Regulatory News
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Shareholders sue Facebook, NYSE comes calling
SAN FRANCISCO - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies."
LCH.Clearnet left off U.S. "systemic" list
CHICAGO - LCH.Clearnet, the world's biggest clearer of interest-rate swaps, did not make an initial list of global clearinghouses labeled "systemically important" by a council of U.S. regulators earlier this week, three sources familiar with decision said.
CFTC to hold roundtable on tricky 85 percent rule
WASHINGTON - The Commodity Futures Trading Commission will hold a roundtable on June 5 to discuss a controversial rule aimed at protecting price discovery in the swaps and futures markets, the agency announced on Friday.
CME says it may push back pit grain trading close
CHICAGO - CME Group is considering extending open-outcry grain trading at the Chicago Board of Trade by 45 minutes to close at 2 p.m. CDT, an exchange spokesman said on Friday.
Advice from FINRA on new suitability rule
- After nearly two years of waiting for a new suitability rule to take effect, brokers will finally be put to the test.
SEC shuts down $11-million Ponzi scheme
NEW YORK - Regulators have charged a New York fund manager who was running an $11-million Ponzi scheme, federal court filings showed.
IRS prepares for potential private equity tax hike
WASHINGTON - Tax regulators are preparing for a potential tax hike on profits earned by private equity managers such as Republican presidential candidate Mitt Romney known as "carried interest," to be ready if the issue flares up in coming months.
Nuclear waste expert tapped as top nuclear regulator
WASHINGTON - President Barack Obama said on Thursday he will nominate Allison Macfarlane, an expert in nuclear waste, as the nation's top nuclear safety cop, seeking to turn the page on a period of bitter acrimony at the U.S. Nuclear Regulatory Commission.
Regulator urges faster curbs on oil speculation
WASHINGTON - A commodities regulator said he is "acutely dismayed" that his agency is not moving quickly to curb speculation in the oil markets, especially as summer driving season begins.
CFTC to hold roundtable on Volcker rule
WASHINGTON - The U.S. Commodity Futures Trading Commission said on Thursday it will host a roundtable next week to get more insight on how to craft key exemptions in the Volcker rule that would limit trading by government-insured banks.
- Financial: Foreign cos pulling more money out of India - Nomura
- Technology: UN inspectors find higher-grade uranium traces in Iran
- Healthcare: Essar's Ravi Ruia, Loop execs get bail in 2G case
- Consumer: They're here. They're geeks. Get used to it
- Energy: Qaeda-linked suicide bomber kills 12 in Yemen
- Industrials: Crowds to crown UK queen's 60th anniversary party
- M&A: REFILE-UPDATE 2-Icahn buys Chesapeake stake, seeks board changes
- Bankruptcy: Judge says Enron's Skilling can seek new trial
- IPOs: UPDATE 1-Chilean retailer Cencosud files for $718 mln U.S. IPO
- Private Capital: Icahn reports 7.6 pct Chesapeake stake, seeks to replace 4 directors
- Hedge Funds: Hedge funds eye further profits from JPMorgan losses
- Under pressure, govt to review steep petrol hike
- Spain region, Greek exit warnings rattle euro zone
- Citi unit lost $20 mln in Facebook IPO - source
- ITC profit rises 26 pct as price hikes aid
- S&P cuts ratings on five Spanish banks
- Rupee posts eighth weekly drop; RBI intervenes
- Stocks, euro fall on fears of Greek euro exit
- BSE Sensex ends flat; outlook still weak
- Suzlon eyes up to $200 mln from asset sales in FY13
- Essar's Ravi Ruia, Loop execs get bail in 2G case

