Traders facing penalties from British regulators over their involvement in rigging Libor may avoid being fined after the U.K. Financial Conduct Authority missed a deadline to take action, three people with knowledge of the matter said.
Every industry has its loss leaders, and the investment world is no different. The theory is that you will go to the store for the $12 turkey and stick around to buy dressing, cranberries, juice, pies and two kinds of potatoes. Mmmm, but I digress.
Financial advisors could face enforcement actions for not deleting misleading social media posts, said Katy Gordon, senior counsel at the Securities and Exchange Commission’s investment management division, who spoke Friday at an American Bar Association Business Law Section seminar on social media in Washington, D.C.