#SEC fines Wells Fargo M for anti-money laundering lapses

#SEC fines Wells Fargo $7M for anti-money laundering lapses

“SEC fines Wells Fargo $7M for anti-money laundering lapses” The Securities and Exchange Commission said Friday that Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering related violations. The regulator said Wells Fargo Advisors failed to file at least 34 Suspicious Activity Reports in a timely manner between April 2017 and October 2021. The lapse arose because the…

Read More
# Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding

# Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding

” Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding “ Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions. While many developed countries and even several of its Asian counterparts are actively studying…

Read More
#JPMorgan shareholders reject special payout to Jamie Dimon

#JPMorgan shareholders reject special payout to Jamie Dimon

“JPMorgan shareholders reject special payout to Jamie Dimon” Only 31% of votes cast in a shareholder advisory referendum on Tuesday supported JPMorgan Chase in its special $52.6-million award last year to CEO Jamie Dimon to stay on the job for at least five more years. The preliminary count announced at the meeting is an unusual rebuff from shareholders. While say-on-pay votes are…

Read More
#JPMorgan, Ford others to disclose directors’ race and gender

#JPMorgan, Ford others to disclose directors’ race and gender

“JPMorgan, Ford others to disclose directors’ race and gender” Four top Wall Street firms and Ford Motor will start to disclose the race and gender of individual directors under deals reached with New York City pension officials, the city’s comptroller, Brad Lander, said on Thursday, while a utility company has pushed back on the idea. According to a representative…

Read More
#Goldman Sachs retreating from SPACs over regulatory threat

#Goldman Sachs retreating from SPACs over regulatory threat

“Goldman Sachs retreating from SPACs over regulatory threat” David Solomon’s Goldman Sachs is reducing its involvement with blank-check companies, a spokesperson for the bank said on Monday, as US regulators continue to clamp down on what was one of the hottest trends on Wall Street in recent years. The boom in the special purpose acquisition company (SPACs)…

Read More