02/22/2019
Law firms jostle for lead role in Goldman Sachs-1MDB suit
They stand to collect the most in fees in the event of a settlement or favourable verdict.
Legal, Regulation & Compliance
02/22/2019
Transatlantic tensions over dirty money
The US and EU governments are unhappy with Brussels’ money laundering blacklist
02/22/2019
Philadelphia sues seven big banks, alleges municipal bond collusion
Philadelphia, which said it issued more than $1.6 billion of the bonds, said the banks colluded to collect hundreds of millions of dollars in fees they did not earn
02/22/2019
SRG closes Fieldstone Financial Management deal with FourStar Wealth Advisors
SRG began working on behalf of Fieldstone in September of 2018
02/22/2019
Greenberg Traurig Attorneys Recognized as Top 100 Lawyers for Latin America
Alvarez-Farré and Leonard have both been previously recognized by a wide range of legal, industry, and regional publications and organizations.
02/21/2019
Standard Chartered sets aside $900 million to cover U.S., British fines
The filing is the first time the bank has quantified the possible cost of the investigations.
02/21/2019
Mourant advises on New York takeover
The takeover of GBG was undertaken by way of a Guernsey scheme of arrangement and was sanctioned by the Royal Court in Guernsey on Wednesday 20 February 2019.
02/20/2019
US wealth manager Focus sees a bright future in Escala
The transaction is expected to close in the second quarter of 2019, subject to customary closing conditions.
02/19/2019
Norfolk Pension Fund wins rare US securities fraud class action jury trial
The jury’s verdict was the culmination of almost four years of litigation and a three-week trial throughout which Norfolk Pension Fund served as the Lead Plaintiff on behalf of all defrauded investors.
02/19/2019
MFDA fines De Thomas Wealth Management
The Hearing Panel approved the settlement agreement dated February 6, 2019
02/18/2019
Panama Papers ‘tightened the noose’ on offshore assets of Maduro’s inner circle
In the wake of the scandal, it became harder to launder money through investment in Panamanian real estate for Venezuelans who grew rich on the back of their political connections
02/15/2019
JP Morgan Launches Pale Imitation of the “Fraud” that is Bitcoin
The announcement of the JPM Coin prototype today is the first of its kind on the planet.
02/15/2019
UK and Canada forge closer fintech ties
Renewing this MoU will help us to encourage greater innovation and ensure ongoing cooperation between the UK and Canada.
02/14/2019
US SEC Charges Deloitte Japan for Auditor Independence Violations
Deloitte Japan agreed to pay $2 million in monetary sanctions and be censured.
02/14/2019
Ex-UBS Broker Gets 9 Years in Prison Over $4 Million Fraud
UBS was not aware of the scheme because MacColl allegedly handled it over his personal cellphone, investigators said, according to the website.
02/13/2019
SEC, CFTC commissioners push for streamlined regulation
Federal regulators also "need to do a better job" of providing guidance to the regulated community
02/13/2019
Hedge Fund Co-Founder Gets 30 Months for Role in Alleged Bribery Scheme
Huberfeld pleaded guilty last year to conspiracy to commit wire fraud
02/12/2019
Interactive Brokers Pays $100K to Settle Supervision Case
Interactive Brokers carried several accounts managed by Peter Zuck, who has a history of financial crime convictions.
02/12/2019
UBS to Pay $319,000 Over Former Broker’s Alleged Unsuitable Recommendations
BS cooperated with the regulator and neither admitted nor denied the allegations, InvestmentNews writes
02/11/2019
All You Need to Know About the Global Legal Services
The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.