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Legal, Regulation & Compliance

09/20/2019

FCA update to joint statement on opportunistic strategies in the credit derivaties market

These opportunistic strategies include, but are not limited to, what have been referred to as ‘manufactured credit events’ or ‘narrowly tailored credit events’.

09/19/2019

Dentons launches combination with leading law firm in Honduras

World’s largest law firm combines with Honduras' Gustavo Zacapa y Asociados as part of expansion strategy in Latin America and the Caribbean

09/19/2019

IRS releases new procedures and relief for expatriating taxpayers to come into US tax compliance

A significant benefit of these procedures is that an eligible individual coming into compliance under these procedures is not required to pay any tax

09/19/2019

Massive IT Support Fraud ‘Made $10 Million From Thousands Of Elderly Victims’

The scammers would then take control of victim PCs and pretend to fix the nonexistent problems, charging varying amounts depending on whether the “service” was one-time only or a lifetime offering.

09/17/2019

FINRA hands J.P. Morgan Securities $1.1 million ‘traffic ticket’ for failing to report 89 potential criminal cases

The action follows years of reporting by Financial Planning into FINRA’s failure to take action against JPMorgan, one of its largest member firms, for retaliating against Burris and for causing harm to clients.

09/16/2019

The evolution and regulations of cryptocurrencies

Although the U.S. government has been slow to respond to this incoherence, recent steps have been taken to understand these new markets

09/16/2019

NY finds $1 billion in hidden transfers by Sackler family

Spokesman for Mortimer D.A. Sackler says disclosure by attorney general meant to ‘torpedo a mutually beneficial settlement’ over Purdue Pharma’s alleged pushing of painkillers

09/16/2019

New IRS Procedure Provides Favorable Path for Non-Compliant Expatriates to Become Tax Compliant

This procedure, while limited in application, is an extremely favorable way for non-compliant U.S. citizen expatriates to come into compliance

09/16/2019

Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

The CFTC is devoted to ensuring price transparency and competition in all markets, whether electronically traded futures contracts or voice-brokered swaps,” said CFTC Director of Enforcement James McDonald.

09/13/2019

Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe

Investors including Pennsylvania Treasurer Joe Torsella accused several of the world's largest banks of exploiting their market dominance to overcharge for Fannie Mae and Freddie Mac bonds from Jan. 1, 2009 to Jan. 1, 2016, and secure more profit for

09/13/2019

The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct

Mithril Capital raised over $1 billion on the name of Thiel, one of Silicon Valley’s biggest celebrities. Now federal investigators are looking under the hood.

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.

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,

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