06/05/2018
SEC fines New York firm deVere US$8 million over UK pension advice conflicts
Investment advisers have an obligation to disclose direct and indirect financial incentives
06/04/2018
McLellan is one four former employees of the Boston-based bank who have since 2016 faced charges by the U.S. Justice Department
05/31/2018
It is uncertain how much of the new assertiveness can be traced to the US initiative.
05/31/2018
Edward Jones denied Bland and other African-Americans “business opportunities and resources regularly given to white FAs at the firm,” the lawsuit states.
05/30/2018
A rose by any other name might still be a security
Another prominent lawsuit filed in California Superior Court on May 3, 2018, may also force judicial guidance.
05/30/2018
The victims included nurses, shopkeepers and municipal workers, and they all had given the majority of their cash — in many cases well into six figures — to Mustaphalli, Underwood said.
05/29/2018
Because UBS and its branch officials failed to do anything about it, Marcano’s only choice was to quit, Malone claims, according to the website.
05/25/2018
“You’re going to need to have a workforce that is inclusive of what this country looks like.”
05/24/2018
Thomas W. Lee claimed Barclays shortchanged him after he guided sale of advisory unit to Stifel Financial Corp.
05/24/2018
Merrill first accepted the checks and credited his account but eventually rejected them, Finra says.
05/24/2018
In May 2015, Diaz was barred by Finra from the industry. By April 2018, Diaz had racked up 55 disclosures.
05/24/2018
Arrangement reached last year as divisions at Wall St firm raised fears of defections
05/24/2018
There are a number of reasons for lawyers representing plaintiffs and defendants to believe that Dutch courts could become an ideal overseas venue to resolve class action disputes. But uncertainties still abound.
05/22/2018
The organization will conduct a search of public records within 15 days of a new U4 filing, helping member firms fulfill a regulatory requirement.
05/22/2018
Look beyond the compliance side of the GDPR
05/22/2018
In addition, the suit says Morgan Stanley’s definitions of client privacy and trade secrets — which the wirehouse has used in the past to argue its case against departing brokers —is overly broad.
05/18/2018
According to the SEC, from October 2013 to June 2014, Chardan, an introducing broker, liquidated more than 12.5 billion penny stock shares for seven of its customers and ICBCFS cleared the transactions.
05/18/2018
Firm of the Year 2018: Hogan Lovells
05/18/2018
The SEC’s complaint alleges that between 2014 and 2017, Brent Borland sold more than $21 million of promissory notes to dozens of investors
05/17/2018
US expats who have willfully failed to declare unpaid tax to the IRS have until September to come clean or once again risk prosecution as a key amnesty programme ends.