03/28/2017
Panama claims solid case against mossack fonseca
A separate investigation is ongoing into Mossack Fonseca and the Panama Papers.
Legal, Regulation & Compliance
03/28/2017
CRA publishes new compliance guidance for CRS, FATCA
The CRA will exchange that information with other jurisdictions in 2018.
03/28/2017
Former fund manager who lost millions in Madoff scam falls to death from New York hotel
He was pronounced dead at the scene.
03/28/2017
What do Americans know about retirement and what do they expect?
Seventy percent of survey respondents are relatively uncertain about their retirement-related financial literacy, rating themselves either “somewhat” or “not too” knowledgeable. More worryingly, both self-assessed and actual knowle
03/27/2017
Fidelity's RIA business: a strong No. 2 that's working harder
The firm doesn't have as many adviser assets as rival Charles Schwab & Co., but together they control 70% of the market
03/27/2017
Latin America and Carribbean Tax Revenues Rise: OECD
The average tax-to-GDP ratio across LAC countries is currently 11.4 percentage points lower than the OECD average of 34.3 percent.
03/27/2017
Firm Sues Former Lawyer, Alleging He Stole Client Information and Operated His Own Firm on the Side
The firm, which is also called MLMJ.
03/27/2017
RIA and Broker Found Guilty in $15M OTC Fraud
Led by “recidivist securities fraud defendant” Edward Durante, who pleaded guilty to the scheme last year, the fraud involved artificially inflating the price and volume of VGTel stock to attract private investments
03/26/2017
Obama’s fiduciary rule is a disaster, warns former SEC regulator
Norm Champ backs US president to reduce red tape stifling the financial sector
03/24/2017
SEC gives green light for T+2 implementation
The cycle reduction is intended to enhance efficiency and reduce risk, and would align the U.S. with the European Union, which has used a T+2 cycle since 2014.
03/23/2017
DeVere's Campaign To Repeal FATCA
It's time for citizens in other countries to show the same kind of backbone and help get this costly mistake off the statute books.
03/23/2017
Treasury probes offshore finances of former Trump campaign manager
It emerged that Manafort had a secret $10 million deal with a Russian billionaire that benefited Vladimir Putin.
03/22/2017
Deutsche Bank seeks to court fintech with New York innovation lab
The banks want to bring in new ideas, technologies and ways of doing things.
03/22/2017
FA Gets Seven Years for $21 Million Ponzi Scheme
He failed to tell investors that the business was failing and misappropriated $21
03/22/2017
Reed Smith's New York Corporate Practice Adds Funds Pro
Former King Wood Mallesons’ Partner Parik Dasgupta Brings High-End Fund Formation Experience to Firm
03/22/2017
DLA Piper Guides May River In $165M Fund Close
May River Fund I exceeded its target in six months of fundraising
03/22/2017
US judge issues warrant for arrest of developer
Garrett Kelleher to appeal ‘surreal’ warrant issued over alleged contempt misdemeanour
03/22/2017
Cyber Phishing Wakeup Call: The Man Who Tricked Companies Into a $100 Million Payday
Criminals continue to commit a wide variety of crimes online, and significant cyber data breaches have had a negative impact across a variety of industries.
03/22/2017
Boaz Weinstein’s Saba Hedge Fund Settles Investor Lawsuit
Move brings legal battle with Canada’s Public Sector Pension Investment Board to a close
03/21/2017
Ex-Credit Suisse Banker On Lam For 5 Years Gets Probation
Who spent five years as a fugitive before surrendering to authorities was hit with probation for helping U.S. taxpayers evade income taxes in a scheme that cheated the government out of at least $1.5 million.