CFTC Awards More Than $1 Million to Whistleblower 

CFTC

The U.S. Commodity Futures Trading Commission today announced it will award more than $1 million to a whistleblower whose tip helped expose a scheme that violated the Commodity Exchange Act

Whistleblowers are eligible to receive between 10 and 30 percent of the monetary sanctions collected. read more »

Boeing Can’t Fly Its 737 Max, but It’s Ready to Sell Its Safety

NEW YORK TIMES

The company knows travelers are wary of its plane, so it has prepared presentations with strategies for airlines to help win back the public’s trust.

Since Boeing’s 737 Max jet was grounded in March, after two crashes killed 346 people, a question has loomed for the company: Would passengers be too scared to fly on the plane once it returned to the air?

It turns out that even as Boeing continues to work on technical fixes to the plane that are needed for regulatory approval, it has repeatedly surveyed thousands of passengers around the world to try to find out the answer. The latest results, from this month, found that 40 percent of regular fliers said they would be unwilling to fly on the Max. read more »

Boeing Fires C.E.O. Dennis Muilenburg

NEW YORK TIMES

Boeing has been mired in crisis since the crashes of two of its 737 Max jets killed 346 people.

Mr. Muilenburg’s performance during the crisis angered lawmakers, airlines, regulators and victims’ families. He repeatedly made overly optimistic projections about how quickly the plane would be allowed to fly again. That created chaos for airlines, which had to cancel thousands of flights. read more »

Australian banking ends a year from hell as 'the face of unconscionable greed'

THE GUARDIAN

Scandal after scandal tarnished the banks in 2019, which began with a royal commission and ended with allegations of enabling pedophilia read more »

Credit Suisse hit with $6.5 million U.S. fine for supervisory lapses

REUTERS

The U.S. Financial Industry Regulatory Authority (FINRA) and major exchanges have fined Credit Suisse’s U.S.-based securities business $6.5 million for supervisory failings.

FINRA, the securities industry self-regulator, and the exchanges found that Credit Suisse Securities (USA) LLC did not establish a supervisory system reasonably designed to monitor for potential trading violations, such as spoofing and layering, for clients it had offered direct market access to numerous exchanges between 2010 and 2014. read more »