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.
Legal, Regulation & Compliance
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.
03/21/2017
Justice Dept. closed investigation into Deutsche Bank currency manipulation
The Justice Department would not comment on its decision to close the investigation.
03/21/2017
Leon Cooperman Ordered to Trial in SEC Insider
The case was the first such lawsuit brought by regulators.
03/21/2017
The cell phones had porn on them. Then the Panama Papers exposed a bribery scheme, this company says.
Koolman’s job was to buy phones from suppliers around the world for Setar to sell to consumers.
03/21/2017
Fintech Firms Can Now Apply for Banking Licenses
The bold move is a step toward acknowledging just how significant fintech startup firms are to the future of the financial industry.
03/21/2017
A Panama Ex-President Fights Extradition From Miami Exile
So far, the U.S. hasn’t acted on the petition to turn him over, and Martinelli has kept his base in Miami, where he has a condo in a building featured in the movie “Scarface.
03/21/2017
MEPs in fact-finding trip to #US to probe into #TaxAvoidance practices
The lack of transparency when it comes to the beneficial ownership of companies is mind-boggling.