09/10/2019
Man Attacks Wall Street Charging Bull With Spiked Banjo
The vandal, a 42-year-old truck driver from Dallas, left the bull with a six-inch gash and several other deep scratches.
Legal, Regulation & Compliance
09/08/2019
Judge Rakoff Rules That "Silver Platter" Statement Inadmissible In Insider Trading Case
Cunniffe's trades were picked up as "suspicious" but the SEC and soon the FBI got involved.
09/08/2019
Whistleblower says bank has blood on its hands
RAF veteran claims Standard Chartered helped Iran terrorists
09/06/2019
U.S. congressional probe finds possible lapses in Deutsche Bank controls - sources
The House of Representatives Financial Services Committee declined to comment.
09/06/2019
Galleon’s Rajaratnam Free From Prison After Almost Eight Years
Rajaratnam, 62, is a beneficiary of the 2018 First Step Act, which allows some federal inmates who are over 60 years old, or who face terminal illnesses, to serve the end of their sentences at home.
09/06/2019
American expats launch residency-based taxation legislation campaign
The US tax system deems anyone with a connection to the States is a taxpayer even if they only lived in the country for a short time as a child.
09/04/2019
US fraudster who used Cayman company sentenced to 262 months
Thomas purported to be a successful Harvard-educated investment adviser for Cayman-incorporated Marbury Advisors.
09/04/2019
SEC charges investment adviser with defrauding injured NFL players
Howard and Reinhard used a significant portion of investor money to line their own pockets
09/04/2019
SEC provides guidance on investment advisers’ proxy voting responsibilities and proxy voting advice
Notably, the Releases were approved without undergoing a notice and comment period or economic cost-benefit analysis,
09/03/2019
US expats may see accounts frozen under Fatca
If they don’t give their tax identification number to the IRS by December
09/03/2019
Hedge Fund CEO Arrested in Alleged $105 Million Fraud
Charges against Brenda Smith could bring maximum of 100 years in prison.
09/03/2019
The Largest SEC Whistleblower Awards (2012-2019)
Since its inception, the SEC’s whistleblower program has led to over $2 billion in monetary sanctions against wrongdoers.
08/30/2019
U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah
Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities.
08/29/2019
Boaz Weinstein fund spars with BlackRock and Neuberger Berman
Saba is embroiled in fights over closed-end fund boards with asset managers and law firm Skadden
08/29/2019
SEC obtains emergency asset freeze and charges hedge fund CEO with USD100m fraud
The complaint alleges that Smith, and the entities she controls, also disseminated false statements touting positive returns and most recently fabricated documents in an attempt to inflate Broad Reach's assets and lull her investors into believing th
08/28/2019
CalPERS wrestles governance change
The proposed changes, which also include reducing the annual number of offsites from two to one
08/28/2019
Compliance warnings as a 'stress test' -- questions raised by the Epstein case
James Staley, who ran the bank’s asset-management division, which included the private bank, from 2001 to 2009, built JPMorgan’s relationship with Epstein, the article noted.
08/28/2019
Former Merrill Lynch adviser charged by SEC
The SEC's action follows on federal criminal charges, filed last week, that landed the alleged swindler in jail.
08/26/2019
US government pension fund urged to reverse China investment
Senators say FRTIB is supporting Beijing’s military, espionage and security efforts
08/26/2019
Court refuses to dismiss lawsuit over Puerto Rico pension law
Since then, former Gov. Ricardo Rossello, who signed the law, has been replaced by former justice secretary Wanda Vazquez.