08/30/2018
Thompson Hine Recognized Again in Chambers High Net Worth Guide
“They do an excellent job, they’re present in the market, they’re known, and they have a reputation as being top-flight attorneys with broad skill sets.”
Legal, Regulation & Compliance
08/30/2018
SA tech entrepreneur charged for fraud in New York amid shocking allegations of how he may have lied and cheated to get money
A SA entrepreneur has been charged for fraud in the US as the authorities there accuse him of stealing almost R9 million from investors in a “massive securities fraud scheme”.
08/29/2018
DOJ wants to exclude expert testimony proposed by ex-Deutsche Bank traders in LIBOR-rigging case
The defendants’ proposed expert testimony as to the adequacy of the government’s discovery, establishment of the conspiracy, and benefit or harm to Deutsche Bank’s counterparties is incurably improper, the DOJ argues.
08/29/2018
CFTC orders UBS to pay USD15m penalty for attempted manipulation and spoofing of precious metals futures
Today’s enforcement action demonstrates the Commission’s continued commitment to root out manipulation and spoofing in our markets
08/29/2018
Swiss bank makes $60M deal with US over hidden accounts
Bank Admits to Helping U.S. Taxpayers Conceal Income and Assets from the United States; Agrees to Pay $60.4 Million
08/28/2018
SEC orders asset manager to pay $97m over ‘faulty’ models
The errors related to models used by the subadvisor of the products, Aegon USA Investment Management, from July 2011 to June 2015.
08/27/2018
Global Economy / Are U.S. regulations functioning 10 years after Lehman collapse?
The epicenter of the global crisis was Wall Street in New York.
08/24/2018
Brokers, advisers and insurance agents implicated in alleged $100 million investment fraud
In all, around 370 advisers sold the Future Income Payments, according to plaintiff's attorneys
08/23/2018
Fintech Without Borders: Regulators Consult on Global Financial Innovation Network
The Consultation builds on the FCA’s proposal earlier this year to create a “global sandbox” for innovative financial services firms.
08/23/2018
Credit Suisse Wealth Unit Froze $5 Billion on Russia Sanctions
The international wealth management unit manages 370 billion francs in private banking assets.
08/23/2018
Former Julius Baer banker pleads guilty in $US1.2b Venezuelan cash laundering
Two years ago, Switzerland seized $US118 million ($160.5 million) in bank assets linked to a Venezuelan businessman who has admitted to bribing PDVSA officials to steer about $US1 billion in energy-supply contracts.
08/23/2018
Will Paul Manafort go to prison? After guilty verdict, here's how much prison time Trump's former campaign Chief could get
Manafort faces a maximum sentence of 80 years for the eight guilty verdicts. A sentencing date has been set for August 29.
08/22/2018
Merrill Lynch Settles SEC Charges of Undisclosed Conflict in Advisory Decision
The SEC’s order finds that the conflict of interest arose in Merrill Lynch’s handling of third-party products managed by a U.S. subsidiary of a foreign multinational bank, in which more than 1,500 of Merrill’s retail advisory accounts ha
08/22/2018
Brazil moves ahead with data protection law
The Brazilian President has approved a law focusing on data privacy that is being called, the ‘Brazilian GDPR’.
08/22/2018
Hermes Investment Management Awards Northern Trust Mandate Extending Longstanding Relationship
Headquartered in London, Hermes Investment Management provides a broad range of specialist, active investment strategies and stewardship services to institutional and wholesale clients across the globe.
08/21/2018
SEC Charges Technology Fund Adviser, Founder in Fraudulent Scheme
The SEC’s investigation was conducted by Eric Brooks, Michael Foley, and Ellen Chen, and was supervised by Jeremy Pendrey of the Enforcement Division’s Asset Management Unit in the San Francisco Regional Office.
08/21/2018
Scot put on FBI most wanted list for investment fraud
Precious metal scam defrauded $400,000 from at least 12 victims
08/21/2018
SEC Charges Unregistered Brokers Who Sold Woodbridge Securities to Main Street Investors
Once Woodbridge filed for bankruptcy, investors stopped receiving monthly interest payments and have not received a return of their investment principal.
08/20/2018
Greenberg Traurig: Firm, Attorneys Shortlisted for Euromoney’s Inaugural Rising Star Awards
Shareholders Katie Molloy and Jasmine Zacharias at global law firm Greenberg Traurig, LLP have been shortlisted for Euromoney’s inaugural Rising Star Awards.
08/20/2018
Former Banco De Costa Rica President Arrested
The raids began at 6 am and concluded at 4 pm.