07/25/2016
Pennsylvania lawyer gets six months in prison for insider trading
The sentence was confirmed by the U.S. Attorney's Office in Philadelphia.
Legal, Regulation & Compliance
07/25/2016
Post-crisis clearing rules block derivatives users from market
A clearing house is a counterparty that sits in the middle of a transaction between buyer and seller with the aim of reducing risk.
07/25/2016
Fraud Probe Ricochets Through Platinum Partners, a Hedge Fund With Ties to Jewish Community
Platinum Partners has reported strong returns for years but now is liquidating
07/25/2016
What the G-20 Call for More Fiscal Emphasis Means for Investors
Shift toward fiscal policy may boost banks and steepen curves.
07/21/2016
Wolf of Wall Street Film Linked To Money 'Stolen From Malaysian fund', US Claim
The news follows a months-long international FBI probe, as well as five separate investigations around the world
07/21/2016
Switzerland Enlists U.S. Help On 1MDB As More Swiss Banks Named
The Office of the Attorney General has filed requests for legal assistance with U.S. authorities and other countries, a spokesman for the office said late Wednesday, without naming them.
07/21/2016
British HSBC executive is arrested over '£2.7BILLION exchange rate rigging scam' as he lands at JFK airport and is thrown in a New York jail
The alleged fraud occurred in November and December 2011
07/20/2016
Dez Bryant Sues Former Financial Advisor
The suit contends that Royce West, a Texas State Senator, breached his fiduciary duty, exhibited gross negligence and performed fraud in attracting marketing and endorsement deals for Bryant, sometimes without Bryant's knowledge.
07/20/2016
New Conflict Of Interest Concerns: SEC Fines RIAs For BD Loans
Washington Wealth Management, now known as Kestra Private Wealth Services, was fined and censured $50,000 by the SEC for failing to disclose $1.8 million in loans from its broker-dealer to clients.
07/18/2016
CRA plans ‘lifestyle audits’ in Vancouver as part of real estate probe
She welcomed the investigation by the CRA, which has assigned 70 auditors to examine real estate transactions in Metro Vancouver.
07/15/2016
New U.S. banking rules creating financial headaches in Caribbean
In Jamaica, U.S. bank account holders are receiving notice to take their money elsewhere.
07/15/2016
SEC Charges Investment Adviser With Failing to Clearly Disclose Additional Costs to Investors
An SEC investigation found that Richmond, Va.-based RiverFront Investment Group disclosed to investors in Forms ADV that client trades were typically executed through the sponsoring broker so the wrap fee would cover the transaction costs.
07/15/2016
Rebaza, Alcázar & De Las Casas announces new practice
The Private Client team will comprise Rebaza himself, Camilo Maruy, partner and head of the tax department and three more associates.
07/15/2016
CFPB Fines Santander Bank $10 Million For Overdraft Practices
Santander Bank, found to have violated the “opt-in rule,” agreed to give consumers the opportunity to provide their affirmative consent to overdraft service and to increase oversight of vendors it uses to market consumer financial products or
07/14/2016
SEC Proposes Making Brokers Reveal Where Client Orders Go
Brokers would also need to publicly release the details on an aggregate level in reports, which would be posted on the SEC’s website.
07/14/2016
American Bankers Association: “Banks Have Always Embraced Innovation”
It was interesting to hear all of the witnesses share their perspectives on the nascent online lending sector.
07/13/2016
HSBC avoided criminal charges over fears of ‘systemic risk’
The bank identified about 2,200 of its 35,000 Cayman Islands U.S. dollar accounts as high risk because of either suspicious activity or due to a lack of information about the account owners.
07/13/2016
Warns Federal Reserve Against Rate Hikes Amid Banking Contagion
The Fund's main concerns are the looming fallout in the banking sector, potential Brexit spillovers and the ongoing creeping slowdown of the overall US economy.
07/12/2016
This Lawyer Felt an Irresistable Tug Back to Big Law
They departed Big Law to form their own boutique
07/11/2016
Law industry's alternative-fee pioneer pivots
But the number of firms saying they, too, offer pricing choices has risen, making it harder for Valorem, despite its early embrace of alternative fees.