05/02/2017
Fox Rothschild enters Seattle with acquisition of 39-lawyer firm
As one of the fastest growing cities in the country, Seattle is a thriving metropolitan area with a pervasive and influential technology sector.
Legal, Regulation & Compliance
05/02/2017
Puerto Rico Faces Hedge Fund Lawsuits as U.S. Reprieve Ends
The cases filed Tuesday are the first of what’s expected to be a wave of new legal challenges from investors
05/02/2017
Cannabis in Canada - A Changing Legal Landscape: Financial Services
Accepting a security interest in cannabis may result in the lender holding title to a controlled substance and may increase the risk of exposure to possible regulatory or criminal liability.
05/02/2017
Hedge Funds Become Latest Target for Whistleblowers: $40 Million Settlement in Tax Case Demonstrates Broad Reach of New York’s False Claims Act
The basis for the fraud claim, may usher in a whole new wave of potential liability against hedge funds and similar businesses.
05/01/2017
UBS pays $445 million over toxic mortgages, failed U.S. credit unions
It has recovered nearly $4.8 billion from banks over mortgage securities it said led to the 2009 and 2010 failures of five credit unions.
05/01/2017
Another IP Boutique Opts for a Big Firm Merger
The firm handles a variety of IP matters, such as patent and trademark prosecution, copyrights, domain names licensing and trade secrets work.
04/28/2017
Five Takeaways From This Year’s AmLaw 100 Report
The number of lawyers in the AmLaw 100 rose 2.7 percent, and the overall revenue for these firms rose 4.3 percent.
04/28/2017
Nine-Figure Verdict For Hedge Fund Manager Who Sued Hotel
David Moradi, who had bee a hedge fund manager in NY, sued the Cosmopolitan Hotel and Marquee nightclub after he said he was beaten there.
04/27/2017
UBS Ordered to Face Whistleblower Lawsuit
He was first dismissed in 2009 because of cost-cutting prompted by the global financial crisis and was nine months into his second contract at UBS when he was fired again.
04/27/2017
State Banking Regulators Sue Feds Over Fintech Charter Proposal
The state regulators claim the comptroller’s office, led by Thomas Curry, lacks authority to create a special-purpose charter without approval from Congress.
04/26/2017
Grayscale launches digital-currency fund backed by Silver Lake’s co-founder Hutchins
The investment fund is called the Ethereum Classic Investment Trust, and is open to new money on Wednesday
04/25/2017
Broker Charged With Defrauding Customers
The SEC previously issued an Investor Alert warning about excessive trading and churning that can occur in brokerage accounts, and an Investor Bulletin educating investors about ETNs and the risks associated with them.
04/25/2017
SEC Awards Nearly $4 Million to Whistleblower
SEC enforcement actions from whistleblower tips have resulted in more than $953 million in financial remedies against wrongdoers.
04/25/2017
HighTower nabs ex-wirehouse advisers with $500M
HighTower presented us with the opportunity to build and grow a business where our clients' best interests come first.
04/25/2017
Lawmakers question quality of KPMG's Wells Fargo audits
Why it was able to give the bank a clean bill of health for its financial statements.
04/24/2017
Deutsche Bank is first bank busted for breaking Volcker Rule
The Board also found that the firm failed to properly undertake certain required analyses concerning its permitted market-making related activities.
04/24/2017
Citi Releases 2016 Global Citizenship Report
The first section describes Citi’s values and the ways in which the firm operates responsibly
04/24/2017
Portfolio Manager Charged With Diverting Nearly $2 Million to Personal Account
In a parallel action, the U.S. Attorney’s Office for the District of Massachusetts today filed criminal charges against Amell.
04/24/2017
Investment Bank VP Charged With Insider Trading
According to the SEC’s complaint, Krishnamoorthy made approximately $48,000 in illicit profits.
04/24/2017
SSGA Retirement Policy Leader Expects Retirement Tax Reform
State Street Global Advisors is just the latest firm to tell PLANADVISER that serious policy conversations going on behind closed doors in Washington very much include retirement tax reform.