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Legal, Regulation & Compliance

01/09/2018

US Says Amici Not Helpful In Unique $21M Tax Refund Fight

Covington & Burling LLP partner Sean Akins, Villanova Law School professor Leslie Book and Fred Murray, director of the University of Florida’s graduate tax program, filed an amicus brief on Thursday

01/09/2018

CFRA Announces New Client Relationship with SA Stone Wealth Management

“We believe access to robust, independent research is vital for our advisors to best serve their clients’ needs"

01/08/2018

Morningstar names Devbridge Group as 'Featured Integration Partner'

"Our clients have great ideas on how to innovate. Devbridge provides a proven process to quickly turn ideas into products."

01/08/2018

Concierge Auctions Accepting Global Properties For February Sale Targeting High-net-worth Chinese Buyers

Bidding event to showcase an exclusive collection of premier properties to global buyers, including outreach to the world's second largest economy in partnership with The Wall Street Journal and Mansion Global

01/06/2018

Looted antiques seized from Manhattan billionaire's home

The district attorney's office declined to comment on the evidence underpinning the search warrants.

01/04/2018

Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says

The indictment was unsealed Wednesday by federal prosecutors in Brooklyn.

01/04/2018

Merrill Lynch Bans Clients From Bitcoin Investment Trust

The Bitcoin Investment Trust was founded in 2013 by the serial-digital currency entrepreneur Barry Silbert.

01/04/2018

UBS Broker Wins $400,000 from Ex-Partner in Slander Case

“The panel determined that Grimes’ false and disparaging statements are not protected by the First Amendment,”

01/04/2018

Ex-Hedge Fund Exec Ordered To Pay $4M For Securities Fraud

Michael J. Spak, the former CEO of Osiris Partners LLC, was ordered to pay restitution to a list of more than 70 Osiris investors in amounts ranging from $14,000 to $222,000

01/03/2018

Ex-Merrill Lynch Manager Loses Mormon Bias Appeal

A three-judge Fourth Appellate District panel shot down dozens of complaints about Riverside County Superior Court Judge Gloria Trask’s handling of the trial

01/01/2018

What Happens When a Spouse Hides Money During a Divorce?

Some well-to-do spouses still engage in complex and expensive schemes in the attempt to keep assets for themselves and out of the pool of community property.

12/29/2017

FINRA hits JP Morgan Securities with $2.8M fine over custody failures

The SEC rule creates requirements to protect customers' funds and securities.

12/28/2017

Shkreli’s ex-lawyer convicted of aiding him in fraud scheme

Evan Greebel, a former lawyer for Martin Shkreli's pharmaceutical companies, was found guilty of helping Shkreli steal US$11 million

12/28/2017

Citigroup to pay $11.5m over false stock ratings

The firm’s actual research reports, which were available to brokers, and the research ratings appearing in those reports, were not affected by these errors.

12/27/2017

LPL on the Hook $462K For "Failures" Over Ex-Broker’s Ponzi Scheme

The SEC alleges from March 2011 to June 2016, Fossum raised over $20 million from more than 100 investors through unregistered securities offerings of funds he owned and controlled.

12/27/2017

Ex-KIT CEO Tuzman, Socialite Amanat Convicted at Fraud Trial

After the verdict, U.S. District Judge Paul Gardephe ordered Amanat jailed until he’s sentenced, ruling he’s a risk to flee. Gardephe allowed Tuzman, who wept openly during part of the proceeding, to remain free on bond.

12/26/2017

China Construction America Sued in New York State Court for Engaging in Massive Fraud

Claims Relate to China Construction America's Wrongdoings in the Baha Mar Resort Project in The Bahamas

12/26/2017

RBS Settles California MBS Case for $125M

“RBS decided to mislead California’s pension funds in order to line its own pockets — plain and simple,” California's attorney general says.

12/22/2017

Finra fines Raymond James $2 million over emails

FINRA found that during a nine-year review period, Raymond James’ email review system was flawed in significant respects

12/22/2017

Finra fines Raymond James $2 million over emails

FINRA found that during a nine-year review period, Raymond James’ email review system was flawed in significant respects

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