11/28/2017
House Republicans say they're close to a deal on a revised pension reform proposal
“It’s a very, very tight window. But ... until we get out of 2017 I think it’s still possible," he said.
Legal, Regulation & Compliance
11/25/2017
Wells Fargo Whacked With (Another) 401k Fiduciary Suit
The beleaguered banks alleged self-dealing is under scrutiny
11/22/2017
Seattle’s income tax on the wealthy is illegal, judge rules
The city knowingly violated several laws in imposing this tax.
11/22/2017
Escaping Cayman–New York’s highest court permits shareholder of a Cayman-incorporated company to bypass Cayman law and bring derivative action in New York
The Court contrasted Cayman law with British Virgin Islands (BVI) law.
11/21/2017
House Tax Bill Is Littered With Loopholes for Wall Street’s Wealthiest
Loopholes aside, the biggest features of the Republican tax plans in both chambers bear a mix of news for wealthy investors.
11/21/2017
U.S. jury clears ex-Swiss banker of aiding tax dodgers
The case brought against Buck, 37, by federal prosecutors in New York was one of a number of cases spilling out of a broad crackdown by the United States on offshore tax evasion by Americans.
11/21/2017
FINRA Fines J.P. Morgan Securities, LLC $1.25 Million for Failing to Appropriately Fingerprint or Screen Its Employees
Federal banking laws require banks to conduct similar checks on banking employees using a more limited list of disqualifying events.
11/21/2017
FINRA Introduces New Functionality and Design to Fund Analyzer
Investors can research and compare more than 30,000 products
11/20/2017
Debt restructuring battle is brewing over Venezuela
Law firms, hedge funds and a secretive Mexican billionaire are jockeying for position
11/19/2017
US Tax Reform, Central Bank Speeches and Policy Meeting Minutes
Largely driving the US dollar’s move down were concerns over tax reform and fiscal policy as well as a sharp upsurge for the euro.
11/15/2017
NY regulator mulling fine on Korean banks for AML violation
Earlier this year, NongHyup Bank handed in a written agreement to the Federal Reserve Bank of New York to address its compliance deficiencies.
11/15/2017
Taxpayers pay legal bill to protect Trump business profits
The taxpayer-funded lawyers are making the case that it is not unconstitutional for the president's private companies to earn profits from foreign governments and officials while he's in office.
11/14/2017
Kramer Levin Expands Corporate Practice With New Partners Todd Lenson and Jordan Rosenbaum
He regularly represents issuers in a wide range of securities offerings, including initial public offerings, follow-on equity offerings and high-yield debt issuances. He also regularly advises boards of directors and C-level executives on transactional, e
11/13/2017
NY state regulator fines Credit Suisse $135 mln over forex practices
The agreement is the latest in a string of global regulatory settlements with big Wall Street banks over forex trading practices.
11/12/2017
JPMorgan says family awarded US$8 billion deserves nothing
It was highly confident the verdict wouldn't stand under Texas law.
11/10/2017
Scandal-Plagued SoFi Posts Record Quarter But Pulls Back Expansion
The compares with $134 million in the previous period.
11/09/2017
SEC proposes streamlining disclosure amendments to Regulation S-K mandated by Fast Act
The proposed amendments are intended to improve readability and navigability of disclosure documents while discouraging repetition and inclusion of immaterial information.
11/09/2017
Shreveport amateur golfer Eddie Lyons cost us $5 million, investors allege
The 29 investors asked FINRA to let them present their claims to a panel of arbitrators.
11/07/2017
Barclays fails to end US 'dark pool' class action
Barclays Plc has failed to persuade a U.S. appeals court to unwind a class action lawsuit accusing the British bank of defrauding shareholders about its private "dark pool" trading platforms.
11/07/2017
SEC issues new guidance on shareholder proposals
Issuers and proponents frequently hold opposing views as to the existence of significant policy issues