10/17/2016
Deutsche Bank considering changes to U.S. strategy
It is fighting the fine but could have to turn to investors for more money if it is imposed in full.
Legal, Regulation & Compliance
10/14/2016
UK to force suspected criminals to reveal source of wealth
The bill will also introduce a new criminal offence for companies who fail to prevent tax evasion.
10/14/2016
RBS banned from managing retirement funds and plans in U.S.
An RBS representative couldn’t immediately be reached for comment.
10/13/2016
160 Investment Advisers or Investment Companies Hit with Disciplinary Action in 2016
The enforcement program continues to be a resounding success holding executives, companies and market participants accountable for their illegal actions
10/13/2016
Deutsche Bank Fined by SEC Over Failure to Guard Research
Deutsche Bank also published an improper research report and failed to properly preserve and provide certain electronic records sought by the SEC during its investigation.
10/13/2016
SEC Said to Demand That Cooperman Agree to Hedge Fund Suspension
He’s repeatedly denied wrongdoing and said his firm met with the SEC before it filed the lawsuit to explain why its allegations were totally unwarranted.
10/12/2016
Ex-Merrill Broker Charged Over $1M Theft
He then wrote checks to himself from the chamber of commerce bank accounts, amending the transfers with notes such as “IRS attorney payment” in the subject line, prosecutors say, according to Law360.
10/12/2016
New York Regulator Warns Banks on Wells Fargo-Style Compensation
Wells Fargo says bonus system fed fraudulent-account scandal
10/11/2016
Hedge Fund Lawsuit Alleges Theranos 'Knowingly And Repeatedly Lied '
The hedge fund is engaging in revisionist history, making claims that are not rooted in facts.
10/11/2016
Brainard: Fed Reviewing Blockchain Use Cases
It will take some time for broader payments applications, for instance.
10/10/2016
Credit Suisse Just Placed Five Employees On Leave Over a Tax Probe
Credit Suisse did not comment on further details of the investigation.
10/10/2016
United States Congress Supports Resolution Promoting Blockchain
A declaration was introduced which calls the United State government to develop an updated domestic policy related to technology
10/06/2016
Credit Suisse to Pay $90 Million for Misrepresenting Performance Metric
The bank admitted wrongdoing in disclosing how it determined its net new assets metric from the fourth quarter of 2011 through the fourth quarter of 2012
10/06/2016
More DOL Compliance Help
The company said it is withholding comment until a public launch in 2017, but it did make public a new website that reveals some details.
10/06/2016
SEC rules to land on asset management industry this fall
One of those proposed rules would require funds to report new monthly data to the SEC.
10/06/2016
Investment Adviser Charged With Cherry-Picking and Misleading Clients
Balter allegedly allocated profitable trades to his own accounts and unprofitable trades to his client accounts.
10/05/2016
MarketCounsel Wins WealthManagement.com 2016 Industry Award for the MarketCounsel Summit
The winners were announced at a gala reception on September 29, 2016 at the Mandarin Oriental Hotel in New York City.
10/05/2016
Bill Gross of Janus Warns Financial Markets Have Become 'a Vegas Casino'
Gross, who oversees the $1.5 billion Janus Global Unconstrained Bond Fund, recommended Bitcoin and gold for investors who are looking for places to preserve capital.
10/05/2016
U.S. high court to hear closely watched insider trading appeal
At issue is whether prosecutors in insider trading cases must prove that an alleged source of corporate secrets, like the brother-in-law, received a tangible benefit such as cash in exchange for any tips.
10/04/2016
Morgan Stanley Unit Accused of High-Pressure Sales Tactics
The San Francisco-based bank agreed last month to pay $185 million after federal and local authorities found its cross-selling culture helped push employees to open unauthorized accounts.