The US Securities and Exchange Commission would be the latest financial regulator aside from the Commodity Futures Trading Commission, who had recently probed into the potential manipulation of exchange-traded funds and options pricing via benchmark currencies manipulation, according to two unidentified sources.
Five former employees of Bernard L. Madoff presented a video evidence to court today to convince the jury that their ex-boss had conned them into helping him operate his $17 billion Ponzi scheme.
According to WilmerHale partner Jay Holtmeier, the fines that the US government will be imposing on companies found guilty of bribing foreign officials will range in the hundreds of millions of dollars.
The formation of a special group of US regulators for the implementation of the Volcker Rule was to address the Rule's complexities and the potential issues that could arise due to the differences in the US regulators' policies with regard to the Dodd-Frank measure.
