Barclays broke rules, used advisory staff for CO2 deal: lawyer
LONDON, April 15 (Reuters Point Carbon) - Barclays plc broke internal rules by transferring advisory staff with confidential information to its acquisitions team to help buy a Swedish carbon credit firm, a lawyer for a former client said on Monday.
Found more than 1 month ago on channel Reuters
United Kingdom: Weekly Financial Services Regulatory Update - Week To 22.03.13 - Clyde & Co
A summary of the new developments as reported by the FSA, the UKLA, the Upper Tribunal, the Financial Ombudsman Service and the London Stock Exchange.
Found more than 1 month ago on channel Mondaq
Ex-KPMG Partner Hit with Civil, Criminal Charges
(LOS ANGELES) — It has shades of a Hollywood crime story. An accountant and a jeweler are longtime friends and golf partners. But then the down-on-his-luck jeweler convinces the accountant to pass along private information about clients, and uses the insider information to play the stock market and win big. Bags of cash swap hands in alleys. Then the feds get wind of the scam. The jeweler turns state’s witness and amid a spiral of wire taps and surveillance photos, the men’s reputations unravel and their mea culpas play out on a very public stage. On Thursday, federal prosecutors and the Securities and Exchange Commission filed criminal and civil charges against fired KPMG accounting partner Scott London for conspiracy to commit securities fraud through insider trading. The 24-page criminal affidavit alleges that London, 50, provided confidential information about KPMG audit clients Herbalife Ltd., Skechers USA Inc., Uggs maker Deckers Outdoor Corp., RSC Holdings and Pacific Capital ...
US Charges Ex-KPMG Partner with Insider Trading
(LOS ANGELES) — The Los Angeles U.S. attorney’s office and the Securities Exchange Commission have filed criminal and civil insider trading charges against a former KPMG partner and his close friend. Fifty-year-old Scott London of Agoura Hills, Calif., was charged Thursday with one count of conspiracy to commit securities fraud in the criminal complaint. Prosecutors allege that London provided confidential information about KMPG clients to Bryan Shaw over a period of several years. They say Shaw used the information to make illegal trades worth more than $1 million. MORE: Can the Federal Government Really Deter Insider Trading?
Former KPMG Partner Charged
The criminal complaint includes new information, saying that the friend who Scott London tipped off made more than $1 million from the trades. The tips were related to five KPMG clients, more than previously known.