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
Legal, Regulation & Compliance
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 Ricardo Rossello, who signed the law, has been replaced by former justice secretary Wanda Vazquez.
08/25/2019
US names Nigerians in massive fraud investigation
The US authorities have charged 80 people, "most of whom are Nigerian nationals", with participating in a conspiracy to steal millions of dollars, prosecutors say.
08/23/2019
Wells Fargo pays $6.5 million to Navajo Nation over 'predatory' practices
Wells Fargo said in a statement that the agreement demonstrates the bank’s “commitment to make things right regarding past sales practices issues.”
08/23/2019
TD Partners with The Shed to Expand Opportunities in the Arts Across New York City
As the lead sponsor of The Shed's "Open Call," TD will underwrite programs focused on providing access, visibility and resources for New York-based emerging artists
08/23/2019
Wells Fargo pays $6.5 million to Navajo Nation over 'predatory' practices
The settlement “puts other companies on notice that harmful business practices against the Navajo people will not be tolerated,” Navajo Nation President Jonathan Nez said in the statement, which referred to Wells Fargo’s “long camp
08/22/2019
“Weeding out the competition” – an update on M&A activity in the cannabis sector
The Government of Canada announced that the production and sale of edible cannabis, cannabis extracts and cannabis topicals will be legal in Canada, as of October 17th, 2019.
08/22/2019
SEC Charges Broker-Dealer and CEO With Supervision Failures Related to Hedge Fund Valuation Scheme
Without admitting or denying the SEC’s findings, AOC and Gonzalez agreed to pay penalties of $250,000 and $40,000, respectively.
08/22/2019
SEC Charges ICO Research and Rating Provider With Failing to Disclose It Was Paid to Tout Digital Assets
The SEC's order finds that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933.