10/07/2022
Celsius execs cashed out $21 million before bankruptcy
The next hearing for Celsius is scheduled for later today, the 7th of October.
Legal, Regulation & Compliance
10/06/2022
FINRA Fines Barclays Capital Inc. $2 Million for Best Execution Violations
FINRA included best execution as a topic in its 2022 and 2021 FINRA Examination and Risk Monitoring Program reports, as well as its 2020 and 2019 Annual Risk Monitoring and Examination Priorities letters.
10/05/2022
UBS Hit with Another US Fine
Although UBS conducted annual reviews of its systems, it failed to identify the improper treatment of shares associated with long-selling activities by clients.
09/30/2022
M&T Bank Corporation Announces Agreement to Sell M&T Insurance Agency to Arthur J. Gallagher & Co.
Piper Sandler & Co. is acting as exclusive financial advisor and Hodgson Russ LLP is acting as legal counsel to M&T Bank.
09/28/2022
Comparing litigation in the US versus England & Wales
The process also allows parties – where possible – to resolve the dispute on a pre-action basis without the involvement of the court.
09/27/2022
Six partners from Ogier's Latin American team ranked by Latin Lawyer 250
Ogier's Latin American practice began in Brazil, where the firm has a significant history dating back to the early 1990s, mostly as an investment funds practice catering to some of the region's key banking institutions.
09/26/2022
Banking Labs partners with Anaplan to arm North American Banks with intelligence planning solutions
Strategic partnership will enable Banking Labs, with deep domain expertise, to bring best-in-class implementations of the Anaplan platform to the financial services industry
09/23/2022
Carey Olsen and Langham Hall support Telstra Ventures on launch of new US$350m venture fund
Telstra Ventures has an innovative approach to investing with data science at the core of its investing criteria and we're pleased that such a high calibre promoter with international reach continues to be drawn to Guernsey.
09/21/2022
Morgan Stanley Pays $35M SEC Fine Over Data Security
About 15 million clients’ details were compromised over a five-year period starting 2015.
09/20/2022
Chambers High Net Worth 2022 Recognizes Morgan Lewis for Private Client Work
The team also advises major universities, secondary schools, and cultural organizations on their planned-giving programs.
09/19/2022
Big US Regional Banks Could Face New Crisis Regulations
Can a financial institution be too small for regulations but also too big to fail? We may be about to find out. American financial authorities are...
09/16/2022
Janus Henderson faces ERISA suit over management of 401(k) plan
They have used the plan to promote Janus Henderson's proprietary investments and earn profits for Janus Henderson
09/16/2022
U.S. Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement
U.S. Bank and MUFG continue to plan for required regulatory approvals and closing in the second half of 2022
09/14/2022
JPMorgan, Bank of America cautious on job cuts as Goldman layoffs loom
That stance compares with plans by Goldman Sachs Group, according to a source familiar with the matter, to cut jobs as early as this month after pausing the annual practice for two years during the pandemic.
09/12/2022
Wells Fargo Reaches Agreement with U.S. Department of Labor Related to Legacy 401(k) Plan Matter
The Company strongly disagrees with the DOL’s allegations and believes it followed applicable laws in conducting the transactions.
09/12/2022
Neighborhood National Bank announces Termination of Regulatory Enforcement Action & $4 Million in new capital raised
CEO Scott Andrews commented that he was "extremely proud of the work done by the team at Neighborhood to bring the Bank's BSA/AML program into full compliance.
09/09/2022
SIX Benefiting from Sino-American Audit Debate
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges.
09/02/2022
Wells Fargo Owes $22 Million for Alleged Whistleblower Axing (2)
The fired worker also accused Wells Fargo managers of engaging in “price fixing and interest rate collusion through exclusive dealing
09/01/2022
Maltese advice firm and directors charged over $75m fraud
The company and one of the executives were also named in the Paradise Papers leak
09/01/2022
Senate Committee on Finance Investigation Finds Offshore Account Reporting Loophole
New report finds law designed to crack down on tax evasion is easy to circumvent.