12/07/2017
Former Hedge Fund Star Nehal Chopra Settles With SEC
The regulator says the Ratan Capital Management founder’s husband improperly shared investment recommendations with her and that she failed to disclose the arrangement with her clients.
Legal, Regulation & Compliance
12/06/2017
JPMorgan, Santander partner in asset management in Brazil
Santander has 263 billion reais ($81.4 billion) in assets under management in Brazil
12/05/2017
Canada urgently needs more trade with China, but big hurdles lie in its path
Canadian Prime Minister Justin Trudeau is on tour in China to discuss trade, but experts say hurdles stand in the way of major progress
12/01/2017
Israeli Billionaire's $10b Dollar Lawsuit Against Soros Frozen by Judge
But U.S. court rejects request to dismiss case alleging defamation over Guinean mine read
11/30/2017
Big U.S. banks in last-ditch push on regulatory relief bill
The bill offers little relief for many bigger lenders but lifts a significant burden for smaller banks and custodians.
11/29/2017
US Trial Threatens Funding For Turkey's Dollar-Dependent Banks
Turkey's Deteriorating Finances Are Hurting The Country's Banks
11/28/2017
US Charges 3 Chinese Nationals With Hacking, Stealing Intellectual Property From Companies
The Three Charged By The US Attorney In Pittsburgh Were Working For A Chinese Intelligence Contractor
11/28/2017
Embattled Chicago Billionaire Flees When Served With Court Papers
A Private Detective Had Staked Out The Mansion Shah
11/28/2017
Two charged in $150m Providence scam
The chief executive of Providence Companies Group has been federally indicted, along with its chief operating officer, for orchestrating a $150m (£112.5m, €125.8m) fraud that saw the firm’s operations in Guernsey and a Jersey-based IFA fi
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.
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.