11/10/2016
Deloitte Corporate Finance LLC advises First Sterling Financial Inc. on the sale of its Corporate Fund Syndication and Asset Management Businesses to Regions Bank
The acquisition closed on Oct. 14, 2016.
Legal, Regulation & Compliance
11/10/2016
Movie Producer Charged With Defrauding Hedge Fund Investors
Wellner previously settled SEC charges filed in federal district court in Florida and has been barred from working in the securities industry.
11/10/2016
Financial Institutions Find Regulatory Compliance More Challenging Than Tax and Internal Controls Combined
“Increased regulation can squeeze profitability because of the additional human capital, systems, and processes needed to comply."
11/10/2016
Corrected Ex Rabobank Trader Gets 3 Months in U.S. Prison for Libor Scheme
A former Rabobank trader was sentenced after pleading guilty to conspiring to commit wire fraud and bank fraud
11/10/2016
Brazil central bank pauses interventions as Trump win boosts volatility
The pause in the auctions marks a setback to the central bank's year-old plan to unload its costly exposure to traditional currency swaps, equivalent to future dollar sales.
11/09/2016
IRS Nets $10 Billion FATCA Tax Haul
The IRS continues to urge those people with international tax issues to come forward to meet their tax obligations
11/09/2016
Justices weigh fair lending lawsuit against Bank of America, Wells Fargo
Under the Fair Housing Act, she said, the city is considered an aggrieved person.
11/08/2016
Three top stock picks from Sprung Investment’s Michael Sprung
HCG is well financed, and at current levels, the stock has a yield of 3.7 per cent.
11/08/2016
Libor Alternatives Have Their Own Issues
Market overseers have been pushing the industry to come up with a credible replacement for U.S. dollar Libor in the wake of a rigging scandal
11/08/2016
BCSC discontinues proceedings against former investment advisers who still face SEC scrutiny
The BCSC alleged the case involved stock transactions worth more than $46 million.
11/07/2016
Libyan sovereign fund seeks to appeal judgment in Goldman case
Litigants can ask the Court of Appeal for permission to proceed with an appeal if the trial judge has refused permission.
11/07/2016
US regulator finds another cheat device in Audi car
A year on since the parent party Volkswagen was hit with near bankruptsy.
11/07/2016
NFA orders commodity pool operator and commodity trading advisor The Cambridge Strategy Asset Management Limited to pay $60,000 fine
In December 2014, the BCC issued its first Decision against Cambridge
11/06/2016
Eyes wide shut on DOL fiduciary future
The advice industry is still largely speculating about what lies ahead
11/04/2016
Watchdog: IRS faces barriers in tax avoidance reviews
The IRS requires businesses to report transfer pricing transactions because the practice can be used to deflate profits in the U.S., thereby avoiding high corporate taxes.
11/03/2016
FINRA Capital Acquisition Broker Rules are a Solution for Private Equity and Hedge Funds and Private Investment Banking/M&A
The SEC traditionally has not viewed issuers of securities, such as hedge funds and private equity funds, as broker-dealers.
11/03/2016
CFP Board Suspends FA Allegedly Bilking Pro Athletes
Ticket Reserve ran into financial difficulties and relied on infusions from Narayan’s clients to stay afloat, in return for which the advisor received close to $2 million in finder’s fees from the firm, according to the regulator.
11/02/2016
Brazil’s amnesty collects CHF1.5 billion from Switzerland
The taxpayers and companies declared the equivalent of R$169.9 billion in undeclared assets abroad under the programme.
11/02/2016
Argentina: Argentina To Amend Its Legal Framework For Private Banking
The outcome the authorities are working in the regulation.
10/31/2016
Warren calls out KPMG for Wells Fargo disaster
WF hired KPMG to conduct independent audits