01/12/2017
Binary options scams, offshore investments among main threats to Canadian investors
Making a decision to invest without doing any research is like playing with fire.
Legal, Regulation & Compliance
01/12/2017
Alston & Bird Elects 20 New Partners
Our new partners have demonstrated their leadership in serving our clients and our firm with distinction.
01/12/2017
FINRA Prioritizes Compliance, Supervision and Risk Management in 2017
Lastly, FINRA will continue to expand its "fixed income surveillance program to include additional manipulation-based surveillance patterns, such as wash sales and interpositioning."
01/11/2017
The Coming Shakeout in Third-Party Asset Managers
Their hard-won shelf space will likely come up for review in 2017 as broker/dealers shift to a “less is more” approach.
01/11/2017
Three Former Traders for Major Banks Indicted in Foreign Currency Exchange Antitrust Conspiracy
The charge in the indictment carries a maximum penalty of 10 years in prison and a $1 million fine.
01/10/2017
UBS cries foul over $18.5M FINRA arbitration ruling
The couple claimed breach of fiduciary duty and unsuitability, among other misconduct.
01/10/2017
BofA sued by US regulator over unpaid premiums
FDIC seeks $542m over claims bank short-changed Deposit Insurance Fund
01/10/2017
Big Data, Big Risk? Privacy and Security Tips for Fintech Companies - Blake, Cassels & Graydon
The sheer volume of the information increases its sensitivity because over time a fintech company may generate a very detailed and complete picture of an individual.
01/09/2017
New NY Regulation Requires Banks to Step Up Monitoring for Money Laundering
The rule was proposed in December 2015.
01/09/2017
Finra Focusing On Bad Guys In 2017
In this year’s letter, though, Finra mentions conflicts of interest only in regards to obtaining best execution on trades.
01/09/2017
ANZ, Macquarie join push to have Singapore rate rigging case in US dropped
In that case, the big four Australian banks and Macquarie have been named as defendants.
01/09/2017
New guidance from SEC aims to help investment management industry respond to fiduciary rule: a closer look
In order to make these findings, broker-dealers have been putting pressure on fund firms to standardize their compensation arrangements and, to a large extent, to tailor their applicable sales charge and distribution fee elements to the needs of each firm
01/09/2017
When the FEDS Went After the Hedge-Fund Legend Steven A. Cohen
Inside the government’s nearly ten-year battle against one of the most powerful men on Wall Street.
01/09/2017
US banks gear up to fight Dodd-Frank Act’s Volcker rule
Lobbyists plan to present evidence to congressional leaders that the Volcker rule is bad for companies, investors and the US economy
01/08/2017
Auditing the Auditors in Asia
Accounting scandals underscore the importance of sound accounting and auditing practices and oversight.
01/06/2017
Deutsche bank said to eye private equity help in settlement
One option it’s reviewing is to instead lend to firms like Lone Star Funds, which specialize in buying bad mortgages from government auctions and lowering consumers’ obligations. Amanda Williams, a spokeswoman for Deutsche Bank, declined to co
01/05/2017
New SEC Chair a Welcome Chance to Reassess Rules for Advisors, Observers Say
There is little to indicate he has, as of yet, any informed opinion on the rules governing the industry.
01/05/2017
Ex-Barclays Trader Admits Conspiracy to Rig Currency Prices
Separately, the Federal Reserve Board said it banned Katz from the banking industry.
01/04/2017
New Filing Requirements for Foreign-Owned Disregarded Entities
Attempt to combat offshore tax evasion.
01/04/2017
Are performance-based fees better for investors? New disclosure rules have firms experimenting
The firms are hoping these performance-based fee structures will entice Canadian investors, particularly those experiencing sticker shock in the coming months.