07/19/2018
Swiss Private Bank fined by US Department of Justice
The IRS recently announced that the Offshore Voluntary Disclosure Program will close on September 28, 2018.
Legal, Regulation & Compliance
07/18/2018
Greenberg Traurig co-founder Traurig dies at 93
“Bob was unique and a huge influence on all of us at the law firm – lawyers and staff. His accomplishments and contributions to our firm, the legal profession and our community will remain as standards always."
07/17/2018
New constitution in Cuba will recognise free market and private property
But the Cuban Communist Party, led by Miguel Diaz-Canel, remains ‘the superior leading force of society and the state’
07/17/2018
Chinese Billionaire Asks to Delay Prison Sentence Yet Again
“That request is unwarranted, inequitable and should be denied,” a prosecutor wrote.
07/17/2018
Fischer & Schickendantz and Solution Alliance SRL Adopt Andersen Brand in Uruguay
The firm’s professionals deliver services in a number of practice areas, including mergers & acquisitions, commercial contracts, agribusiness, property conveyance, cross-border tax advice, transfer pricing, accounting, litigation & arbitrati
07/16/2018
US Court Rejects Bid to Dismiss Puerto Rico Insolvency Case
The board is appointed under a 2016 federal law — known as PROMESA — to oversee and improve Puerto Rico's finances.
07/13/2018
BTG Founder Esteves Acquitted in Brazil Witness Tampering
In September, prosecutor Ivan Claudio Marx had recommended that the charges be dropped.
07/13/2018
JPMorgan Whistleblower Set to Get Largest Payout from CFTC
Alert on conflicts of interest at JPMorgan leads to $30 million award
07/13/2018
Orsinger, Nelson, Downing & Anderson Announces Two New Partners
Chris and Holly are exceptional attorneys who have demonstrated their dedication to the success and well-being of our clients
07/11/2018
Oaktree Capital Management settles with SEC over pay-to-play charges
An Oaktree Capital spokeswoman declined to comment.
07/10/2018
IRS Deems Transfer of Artwork to Museum a Completed Gift
Sometimes, a client’s personal goals can conflict with optimal tax planning and produce disastrous results.
07/10/2018
SEC, strapped for funds, can't police financial markets
The mandates facing the SEC are growing and therefore further straining the resources available.
07/09/2018
Mexico's Next Finance Chief to Fight Use of Co-ops to Evade Tax
Increasing revenue to finance his spending policies is one of the challenges facing Mexico’s president-in-waiting.
07/09/2018
Ninth Circuit Strikes Down California Royalties Law
The California Resale Royalties Act, which went into effect Jan. 1, 1977
07/09/2018
Ex-Merrill Lynch FA Says Wirehouse Didn’t Pay Her What It Owed
Arendell is seeking compensatory damages in excess of $50,000, punitive damages, and lawyer fees and costs, according to the publication. Arendell is also seeking a trial by jury, the Record writes.
07/06/2018
FINRA Shortens Review Process of Advisors’ Public Records
The regulator will begin conducting reviews within 15 days after a firm applies to register an individual with FINRA, something that was previously done annually.
07/06/2018
Ex-Nomura trader must defend bond-case dismissal in higher U.S. court
A federal appeals court in another case tossed out the conviction of another trader, Jesse Litvak — and that prompted Gramins’s judge to follow suit.
07/06/2018
Delaware gives ‘critical’ backing to ailing US beneficial owners list
The United States’ most nebulous jurisdiction has backed a bid in Congress to create a beneficial ownership register.
07/06/2018
Morgan Stanley Court Ruling Complicates Switching Firms
The ruling only applies to the state of Georgia but it could be used by other courts as well as industry panels for similar cases, Bloomberg writes.
07/04/2018
Georgia court ruling could further weaken Broker Protocol protections
While the state-court ruling applies only in Georgia, other courts and industry panels could refer to it in ruling on similar cases.