CVPR Reveals Top Five Trends in Computer Vision
Wednesday, 28 June 2023, 21:53:00
— Kwhen Finance
FINRA imposes a $900k fine on Credit Suisse’s US business arm
Monday, 26 June 2023, 12:22:24
FINRA stated: The firm’s late and inaccurate TRACE reports violated FINRA Rules 6730 and 2010. In addition, the company failed to provide notifications for approximately 190 new issue offerings in TRACE-reportable securities. Moreover, Credit Suisse’s supervisory system, designed to ensure the accuracy and timeliness of TRACE reporting, was found to be unreasonable by the self-regulatory […] The post FINRA imposes a $900k fine on Credit Suisse’s US business arm appeared first on LeapRate .
— LeapRate
FINRA Slaps $900k Penalty on Credit Suisse”s US Subsidiary
Monday, 26 June 2023, 10:54:26
The Financial Industry Regulatory Authority (FINRA) has slammed a censure and fine of $900,000 on Credit Suisse for reporting more than 9,000 late trades and hundreds of thousands of inaccurate TRACE reports. The newest ruling covers the period from November 2015 to March 2023. FINRA Imposes Penalty on Credit Suisse According to the FINRA documents, the penalty was imposed on Credit Suisse Securities (USA), a subsidiary of the Swiss multinational investment bank and financial services company Credit Suisse. This followed the submission of a Letter of Acceptance, Waiver, and Consent (AWC) by the company to FINRA, admitting to a series of violations of the agency”s rules. These violations spanned from late and inaccurate trade reports to improper internal late error rate targets, which did not effectively address a persistent pattern of late trade reporting. This comprehensive set of violations relates mainly to the firm”s dealings with the Trade Reporting and Compliance Engine (TRACE).
— Finance Magnates
Credit Suisse unit loses US$607 million rogue-banker damages fight
Sunday, 25 June 2023, 05:00:13
A CREDIT Suisse Group unit lost its appeal of a US$607 million damages bill for failing to rein in a rogue banker who defrauded a Georgian billionaire client.
— The Business Times
Swiss central bank calls for review of banking regulations after Credit Suisse downfall
Friday, 23 June 2023, 09:16:24
Three key observations
— Investment Week
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