05/23/2017
U.S. court rules against Andorran bank accused of money laundering
But the appeals court panel upheld the ruling on Tuesday.
Legal, Regulation & Compliance
05/23/2017
SEC Issues Ransomware Risk Alert Highlighting Cybersecurity Best Practices
In highlighting these best practices, OCIE also reiterated findings from its 2014 Cybersecurity Initiative
05/22/2017
Catalyst Fund investors have until next month to join class action against the hedge fund
If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 27, 2017.
05/22/2017
Apex Wealth Management president charged with embezzling over $800,000
Garceau was arraigned before Magistrate Daniel Goulette Friday, with bond set at $50,000 and 10 percent surety. He will appear in front of Judge Linda Davis on May 31.
05/22/2017
Citi pays up to settle with U.S. Justice Department
The Justice Department wishes to thank the FDIC – both the San Francisco Office and FDIC Headquarters for its cooperation in this investigation.
05/20/2017
Barclays Cartel Trader Ashton Draws $1.2 Million Fine From Fed
The Fed initially announced its plans to fine Ashton and bar him from the industry in August of last year.
05/19/2017
FATCA Leads To Record Numbers Of Americans Denouncing Citizenship
It serves no one, least of all investors and borrowers, to have fewer options in the capital markets.
05/18/2017
Jabre Capital turns to Broadridge for risk management
Given recent regulatory changes and the challenging markets in which asset managers are now operating, we are increasingly seeing established groups replace their current infrastructure
05/18/2017
New York Payroll Card Regulation Fight Wages On
The rules were initially set to come into effect last March but have since been in legal limbo.
05/17/2017
Law Firm Partner and Neighbor Charged in $1 Million Insider Trading Scheme
The SEC alleges that Walter C. Little accessed confidential documents on his law firm’s internal computer network related to at least 11 impending announcements involving law firm clients, none of which he personally advised or billed for services.
05/17/2017
Meet the U.S. hedge fund hiring from Citi and MS in London
Earlier this month it registered Daryl Lee, a former FX and rates trader at Morgan Stanley.
05/16/2017
FINRA to Review Rules on Outside Business Activities
FINRA seeks comments on rules about outside business, Richard Grobman joins Raymond James in Philadelphia and MassMutual updates its brand.
05/16/2017
BigLaw May See Wave Of Sex Bias Suits From Senior Partners
Proskauer isn't the only firm that has faced gender discrimination claims Chadbourne and Sedgwick are defendants in similar suits.
05/15/2017
City of Philadelphia sues Wells Fargo; bank calls claims 'unsubstantiated'
The lawsuit also claims that Wells Fargo was aware of this alleged practice and, in fact, incentivized the marketing of the high-cost or high-risk loans to minorities.
05/15/2017
HSBC settles bondholders' claims of Libor manipulation
Libor, or the London Interbank Offered Rate, is used to set rates on hundreds of trillions of dollars of transactions
05/15/2017
SEC Charges Former Head Traders at Nomura With Fraud
The SEC alleges that James Im and Kee Chan each misrepresented price information while acting as intermediaries on trades with Nomura’s customers who sought to buy and sell CMBS on the secondary market.
05/15/2017
Barclays Prevails As Justices Decline $143M Safe Harbor Case
Her August argument that the Second Circuit wrongly let bankruptcy law displace state law was unavailing.
05/14/2017
US strikes $5.8m deal on Russia money-laundering case
Settlement closes decade-long probe into real-estate scheme
05/12/2017
Hedge Funds Are Facing a U.S. Criminal Probe Over Bond Valuations
Firms said to inflate securities’ value to bolster returns
05/12/2017
A former IRS officer sentenced for tax evasion
Henti Baird, a resident of North Carolina, was sentenced to 43 months in prison for tax evasion and going against internal revenue laws