08/17/2018
Morgan Stanley Age Discrimination Lawsuit Poses Questions For All 40+ Employees
A Morgan Stanley spokesperson says about the litigation: “We intend to defend ourselves vigorously.”
Legal, Regulation & Compliance
08/16/2018
Loeb & Loeb Opens San Francisco Office
Firm’s Nationally Recognized Private Client Team Expands California Presence
08/16/2018
SEC charges Ameriprise over insider theft
Without admitting or denying the findings, Ameriprise agreed to be censured and pay a penalty of $4.5 million.
08/15/2018
SEC bars perpertartor of ICO fraud
The SEC’s order finds that the defendants’ promotional materials used inflated projections of oil production that were contradicted by the company’s own internal analysis
08/15/2018
Ex-Morgan Stanley FA Scores $140K Win Against Wirehouse
A Morgan Stanley spokeswoman tells the website the firm is pleased with the dismissal of the claim but still believes it’s not obliged to cover Johnson’s legal fees.
08/13/2018
Ex-UBS broker pens 11-page confession of $4M fraud: SEC
Between 2008 and 2018, MacColl instructed investors to sell or take a line of credit out against the securities in their accounts and to deposit the money into their personal bank accounts, according to the complaint.
08/13/2018
SEC Charges U.S. Congressman and Others With Insider Trading
The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, charges Christopher Collins, Cameron Collins, and Stephen Zarsky
08/10/2018
Goldman Trader Claims Kafkaesque Firing Over `Notorious' Client
Goldman Sachs denies any wrongdoing and says it’ll fight the lawsuit, which was filed Thursday in Manhattan federal court.
08/09/2018
Collas Crill Acts For Extell Development On Landmark New York City Property Deal
Collas Crill is known as one of the leading offshore legal advisers on US real estate transactions
08/08/2018
Wells Fargo Beats Class Action Alleging Self-Dealing and Favoring its Own Funds
Meiners had argued the company should have put employee savings into a Vanguard fund instead, according to Law360.com.
08/08/2018
Manafort ex-business partner Rick Gates testifies they committed crimes together
The witness, who is cooperating with prosecutors, claimed he assisted Paul Manafort in filing false tax returns
08/08/2018
Former Barbados Government Minister Indicted in US for Money Laundering
The charges stem from his acceptance of bribes from a Barbadian insurance company in 2015 and 2016 when he was a public official.
08/07/2018
Saudi Arabia’s Spat With Canada Risks Backlash From Investors
Diplomatic dispute will also affect Saudi students currently in Canada
08/07/2018
Six global banks should face terror-funding claims by U.S. military vets - judge
Judge Pollak’s recommendation in Freeman v. HSBC must still be reviewed by the trial court overseeing the four-year-old case, presided over by U.S. District Judge Dora Irizarry.
08/07/2018
Pimco and BlackRock accused of subprime ‘profit gouging’
Founder of mortgage servicer Ocwen accuses asset managers of accelerating foreclosures
08/02/2018
NFA Proposes Interpretive Notice Mandating New Virtual Currency Disclosures
NFA recognizes that the requirements contained in the interpretive notice may need to evolve over time
08/01/2018
Former State Street executive avoids prison in U.S. fraud case
He was instead sentenced to one year of probation by U.S. District Judge Denise Casper in Boston
08/01/2018
US expats hand back passports to avoid tough tax rules
American expats must also file an FBAR form to let the IRS know about any foreign bank accounts they have with a balance of more than $10,000.
08/01/2018
Former HSBC Trader Wins Battle Against US Extradition
Scott's British ex-boss and alleged co-conspirator Mark Johnson -- once HSBC's head of global cash foreign-exchange trading -- was convicted last year.
07/31/2018
Blacklist, whitewashed: How the OECD bent its rules to help tax haven USA
Things have got a little more complicated though.