08/13/2019
Schwab sues former employee for soliciting high-net-worth client
The brokerage house claims a former employee violated his contract after leaving in March to start his own practice.
Legal, Regulation & Compliance
08/13/2019
Is Your Passport Subject to Revocation Because of Tax Debt?
On August 8, 2019 the IRS issued News Release 2019-141 urging taxpayers to resolve their significant tax debt to avoid putting their passports in jeopardy.
08/12/2019
Jeffrey Epstein: Questions raised over disgraced financier's death
"What a lot of us want to know is, what did he know?" Mr de Blasio, who is also running for the Democratic presidential nomination, told reporters in Iowa.
08/12/2019
Billion-dollar bond scandal hits Goldman Sachs
It’s a taste of the latest scandal to blacken the name of Goldman Sachs.
08/12/2019
Burford Capital Charges Market Manipulation; Gotham City Joins Attack
This followed Muddy Waters writing on Twitter on Tuesday, without naming Burford, that it had opened a "new short position on an accounting fiasco that's potentially insolvent and possibly facing a liquidity crunch".
08/09/2019
Danske's Bid to Stop U.S. Class Action Lawsuit Hits Obstacle
New York judge denies Danske’s motion to dismiss as moot
08/08/2019
Deloitte sues hedge fund manager
This isn't the first time Leach has been in the news for failed life settlement funds.
08/08/2019
If you’re a U.S. taxpayer with a foreign bank account, you need to know about FBAR
The IRS tracks foreign assets held by U.S. taxpayers in a number of ways, primarily through supplements that must be completed and filed with federal tax returns.
08/08/2019
Cryptocurrencies and the IRS: What you need to know
Some taxpayers reported their CVC transactions on timely filed income tax returns.
08/07/2019
Chinese tycoon Li Jianhua fights daughter over Canada real estate fortune
The former Chinese politician denies ‘each and every allegation’ by daughter Carol Li Xiaoqi in their battle over Vancouver assets worth millions
08/06/2019
Another Swiss Bank Settles U.S. Tax
U.S. Tax Dispute: Five to Go
08/06/2019
National Pension Fiasco Merits Real Reform, Not a Bailout
A bill that passed the House will do nothing except pile up more debt.
08/06/2019
Joe Biden's brother and hedge fund manager are accused of 'defrauding a Tennessee healthcare business
Jim Biden allegedly claimed he would help them sell their health care plan to investors and the White House and reform rural healthcare in the country.
08/06/2019
JPMorgan confirms winning bid to take majority stake in China fund JV
A 2% percent stake in the JPMorgan China fund management JV, China International Fund Management (CIFM), changed hands on Friday in an auction at the Shanghai United Assets and Equity Exchange, a deal post on the exchange showed.
08/04/2019
Wealth manager struck by golf cart at posh club to get $3.65M
The jury verdict awarded $1 million in damages for pain and suffering, $150,000 for future medical expenses and $2.5 million for the economic wage losses.
08/03/2019
Sacramento CEO Pleads Guilty to Pension Embezzlement
This case is the product of an investigation by the U.S. Department of Labor - Employee Benefits Security Administration.
08/02/2019
Banks could get fined for cyber breaches, top regulator says
McWilliams said the FDIC is "monitoring" the cyber defenses and "continuously" testing the safety and structure of banks' networks and firewalls.
08/01/2019
US Partnership Representative Requirements
The Partnership Representative and any Designated Individual must maintain a “substantial presence” in the US as defined by the updated centralised audit regime.
07/31/2019
FINRA fines Citigroup for loose background checks
Federal securities laws require broker-dealers to fingerprint certain associated persons working in a non-registered capacity prior to or upon association with the firm.
07/30/2019
Adam Banks Named Rising Star by MCCA in 2019
The annual series spotlights the attorneys whose accomplishments, leadership and dedication to helping others exemplify excellence in the law.