07/11/2019
Dynasty Financial Partners Adds Ethic’s ESG Offering to Its Turnkey Asset Management Platform
Industry Pioneer Continues to Expand its Integrated Offerings for the Advisor Community
Legal, Regulation & Compliance
07/11/2019
Wall Street watchdog to boost transparency about using 'cooperation' for penalty reductions
The change, published in a regulatory notice, is the latest effort by a U.S. financial regulator to highlight cooperation programs, which they say are central to their enforcement efforts.
07/09/2019
Bank of Canada chief’s comfort level with stronger currency faces a test J
An appreciating currency is a particular worry for a Canadian economy weighed downed by household debt and banking on its exporters to carry more of the growth burden.
07/08/2019
Eccentric US millionaire McAfee plans presidential run ... from Cuba
McAfee's immediate goal is to win the presidential nomination of the Libertarian Party, which advocates for free trade and a sharply reduced federal government
07/08/2019
Jeffrey Epstein charged with sex trafficking, reports say
US billionaire will reportedly appear before a federal magistrate on Monday
07/08/2019
Supreme Court takes fiduciary case for overfunded DB plan
The Supreme Court accepted the case, Thole vs. U.S. Bank, after it was dismissed by a lower court and the 8th U.S. Circuit Court of Appeals in St. Louis.
07/08/2019
Monaco and the USA are negotiating agreement for exchange of country-by-country reports
The country-by-country reporting scheme was established by countries in 2015 as a result of the OECD/G20 base erosion profit shifting plan.
07/08/2019
Morgan Stanley Implores Judge to Not Cause Confusion in Expenses Case
A Morgan Stanley spokesperson declined to comment.
07/06/2019
Major changes in CT trust law offer expanded protections, possible windfall for state
Kelley Galica Peck, a partner in Stamford-based Cummings & Lockwood’s Private Clients Group, served as vice chair, Estates and Probate Section, of the Connecticut Bar Association and was instrumental in the drafting and proofing of the act.
07/05/2019
Allianz SE makes bid for Brazilian Sul América's auto and P&C portfolio
The Brazilian company runs multiple insurance segments such as health and dental, auto, property and casualty, life and personal accident insurance.
07/05/2019
South America Eyes Trade Deal With Trump After Scoring EU Pact
Argentina talking with Brazil about U.S. pact, Macri said
07/03/2019
SEC Charges Investment Adviser With Fraud
According to the SEC’s order, from 2014 to early 2016, approximately 40 retail clients of Behn and Fieldstone invested more than $7 million in Aequitas securities, which were the subject of a previous Commission enforcement action.
07/03/2019
New share register requirements! Working towards greater corporate transparency
Once Bill C-97 comes into force, if corporations fail to comply with the investigative bodies’ request, they may be found liable on summary conviction to a fine of up to $5,000.
07/03/2019
Death, disability and divorce – drafting agreements with trusts as parties in light of Han v. Hallberg
The surviving partners notified the estate of their intent to exercise that purchase option.
07/03/2019
Elizabeth Warren Starts Winning Begrudging Respect on Wall Street
Financiers drawn to her intelligence, views on social issues
07/02/2019
Considering Kisor's Deference Decision In The Tax Context
Having restated and expanded upon the limitations to Auer deference, the majority opinion relied on principles of stare decisis to support its determination not to overrule Auer.
07/01/2019
Baker + McKenzie Add 81 New Partners – Bring Global Total to 1550
This year women make up almost 40% of the newly promoted cohort of 81 partners; a market-leading number for any law firm.
07/01/2019
Hedge-Fund Heir Found Guilty of Murdering Father
“But in spite of all his love and generosity, this defendant shot his father at close range in his own apartment in an unconscionable and brutal crime.
07/01/2019
Scotiabank announces sale of Puerto Rico and US Virgin Islands operations
Oriental Bank and Scotiabank will work together to help facilitate a smooth transition for the business.
07/01/2019
Breaking down the SECURE Act
The SECURE Act will allow participants to either keep the annuity or roll it into an IRA or other qualified plan in the event that the annuity option is removed from the plan’s investment lineup.