08/05/2016
U.S. Appeals Ruling That Throws Out Crisis-Era Bank of America Case
U.S. Appeals Ruling That Throws Out Crisis-Era Bank of America Case
Legal, Regulation & Compliance
08/05/2016
Neuberger Berman sued for excessive 401(k) fees
Another financial services company has been targeted for costly proprietary investments in its 401(k) plan, leading to allegations of self-dealing at the expense of employees
08/04/2016
New law firm investigating hedge fund Platinum Partners for possible fraud
Investor-rights law firm starts probe against Platinum and its funds
08/04/2016
New York Life Sued In First-Ever 'Index-Fund-Only' Fiduciary Breach
New York Life and its subsidiaries own and operate the MainStay index fund.
08/04/2016
FINRA fines Barclays $1.3 million for order reporting violations
FINRA rules require firms to transmit to OATS complete and accurate data relating to events in the lifecycle of an order, called Reportable Order Events. FINRA found 15 system issues at Barclays Capital that gave rise to OATS reporting violations.
08/03/2016
Former Citizens Bank rep, relationship manager barred from industry
He worked for both the bank and Citizens Securities in Arlington, Mass.
08/03/2016
JPMorgan Chase docked over prisoner debit cards
US bank settles class-action lawsuit claiming it stung former inmates with exorbitant charges
08/03/2016
JPMorgan Pays Inmates for Fees on Get-Out-of-Jail Debit Card
JPMorgan’s contract with the Federal Bureau of Prisons was a scheme “to exploit one of the most vulnerable groups imaginable -- releasees from federal corrections facilities”
08/03/2016
Raymond James fights back in $350M Vermont fraud case
The suit also maintains that the allegations are already being addressed in a separate class action complaint.
08/03/2016
JPMorgan Chase docked over prisoner debit cards
US bank settles class-action lawsuit claiming it stung former inmates with exorbitant charges
08/02/2016
Argentine securities regulator sees market boost from tax amnesty
Financial instrument investment has long been light in Argentina, Latin America's third largest economy
08/01/2016
CRA convicts a fraction of offshore tax evaders: Exclusive
Documents obtained by the Star show Canada is lagging far behind other countries in convicting tax cheats who exploit offshore tax havens.
07/29/2016
Fund lawyer who worked With Goldman holds 1MDB clues, US says
After one of the big sales led by Goldman Sachs, $5 million of the cash raised for 1MDB traveled through shell companies and ended up in her Swiss bank account, the U.S. said in complaints filed last week.
07/28/2016
Law Firm McCathern, PLLC Launches New Website
This new website highlights firm’s attorneys and provides users with an interactive, user-friendly experience. It features a fresh, innovative design, clear navigation, and up-to-date firm information.
07/27/2016
Kobre & Kim Earns Top Rankings in the 2016 Edition of Chambers & Partners
The publication ranked the firm for its work in China and Latin America as well as in the US and globally.
07/27/2016
Canadian banks ordered to disclose Cayman dealings
The CRA suspects tax dodgers used RBC and Citibank to repatriate offshore assets held at Cayman National Bank.
07/26/2016
Who’s Happy About the DOL Rule?
Twenty-eight percent of companies expect the rule to improve their asset retention, while 36 percent believe it will have no impact on their current asset retention rate.
07/26/2016
Swiss to pass information on HSBC accounts to US tax agency
Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion.
07/25/2016
JPMorgan is getting fined for something everyone is doing
He's among the so-called Chinese Princelings
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.