Here’s What’s Going on in Finance from CFO
Cyber Monday shopping hit higher numbers this year than ever before ($3B). With online deals beginning as far back as Thanksgiving day, will Cyber Monday soon be known as Cyber Week? What are people spending all that money on anyways? Find out here.
A former Goldman Sachs employee has been accused of insider trading by the SEC. Yue Han, 34, allegedly took advantage of his position within the compliance dept. by making more than $400K in illicit profits. Han even went as far as to get his father involved by trading under his name. Get the full story here.
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Regulators say Marwood Group passed information that was “ripe for insider trading” to clients without vetting from its compliance department.
Central banks are still testing the limits to how low interest rates can go.
The employee’s position in the firm’s compliance department allegedly gave him access to confidential information in investment bankers’ emails.
The final rule narrows the definition of “broad-based eligibility” to avoid bailouts of insolvent firms.
The fast-growing, newly public e-commerce software company isn’t showing any signs of slowing down, which is fine with finance chief Russ Jones.
The traditional splurge in online shopping follows a historic jump in online sales over the holiday weekend.
The decision to include the yuan in the elite group of currencies is an “important milestone” for China’s economy, the Fund says.
The suit followed the U.K. grocer’s admission that it overstated half-year profits by $377 million because of accounting errors.
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