06/15/2016
Jefferies beefs up investment banking footprint in Canada
The firm was recently granted a licence to underwrite by the Investment Industry Regulatory Organization of Canada.
Legal, Regulation & Compliance
06/14/2016
HSBC Reimburses $7 Million It Charged 4,000 Clients In Excess Fees
A settlement agreement approved by the British Columbia Securities Commission on Monday also includes a voluntary payment by the Vancouver-based firm of $300,000 toward investor education, and $20,000 to cover costs.
06/14/2016
SEC Strikes a Harsh Tone on Receipt of Transaction-based Compensation by Private Equity Fund Managers
The fact that Blackstreet Capital fully disclosed the fees did not affect the SEC’s conclusion that Blackstreet acted as an unregistered broker-dealer.
06/12/2016
How an obscure nonprofit in Washington protects tax havens for the rich
To reach out to American officials and fund its U.S. operations, the center said it needed an infusion of cash for an eight-month campaign: at least $247,000.
06/12/2016
Business is Booming for Ex-FBI Agent Turned Financial Fraud Buster
This week's arrest of hedge fund manager Murray Huberfeld for an alleged kickback scheme with New York City's correction officers union didn't surprise one particular private eye.
06/10/2016
Pershing Launches New Resources to Help Firms Comply With DOL
“The combination of our new and existing tools helps our clients operate as fiduciaries.”
06/10/2016
Already sizzling market for advisory firms could be stoked by DOL fiduciary rule
Deal flow and complexity on the rise when it comes to sales of adviser businesses
06/10/2016
Bitcoin and the Blockchain Take the Stage for International Summit of Central Banks at the Federal Reserve
Conference participants were told that their discussions would be off the record – no recordings or videos would be allowed.
06/10/2016
Accused JPMorgan Hack Mastermind Pleads Not Guilty in U.S.
The proceeds from the illegal operations were shuffled through Cyprus, Azerbaijan and Switzerland, prosecutors said.
06/10/2016
SEC: Morgan Stanley Failed to Safeguard Customer Data
The SEC appreciates the assistance of the New York Field Office of the Federal Bureau of Investigation and the U.S. Attorney’s Office for the Southern District of New York.
06/10/2016
SEC Issues $17 Million Whistleblower Award
The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a $30 million award in September 2014 and a $14 million award in October 2013.
06/10/2016
FINRA Sanctions Oppenheimer & Co. $2.9 Million for Unsuitable Sales of Non-Traditional ETFs and Related Supervisory Failures
FINRA also found that Oppenheimer failed to conduct adequate due diligence regarding the risks and features of non-traditional ETFs and, as a result, did not have a reasonable basis to recommend these ETFs to retail customers.
06/10/2016
Proskauer Represents New Ownership of Luxury Adirondacks Resort Property, The Point Resort
The Point Resort is a member of Relais & Châteaux, a prestigious Paris-based hotel association
06/10/2016
How to Avoid Pension Advance Scams
While there’s been increased attention paid to these practices, they haven’t gone away.
06/09/2016
US hedge fund sues 'Panama Papers' law firm
The law firm at the centre of the Panama Papers scandal is under fresh attack, facing a lawsuit from the powerful US hedge fund that successfully sued Argentina.
06/09/2016
Orthodox Hedge Fund Manager Arrested in N.Y. Listed by Netanyahu as Potential Donor
Murray Huberfeld, linked by FBI to Corrections Union bribery scheme, is top philanthropist of Chabad and other religious institutions.
06/09/2016
Correction union head, hedge-fund founder face corruption charges
Norman Seabrook and Murray Huberfeld of Platinum Partners, L.P. were arrested
06/09/2016
SEC Says Morgan Stanley Complicit in Giant Hack Attack
The SEC found that the investment banking giant Morgan Stanley failed to take proper precautions to safeguard customer data during a hack that resulted in private information being offered for sale online.
06/09/2016
HSBC awaits Brazil watchdog ruling on proposed sale of Bradesco
Brazil's central bank has already given the deal a thumbs up.
06/08/2016
Baker Tilly Admits 15 New Partners
They are leaders who have demonstrated tremendous professional expertise, collaborative spirit and dedication to the firm’s core values of Passion, Integrity, and Stewardship.”