09/30/2016
Behind the life and death of a star money manager accused of insider trading
Then, in June of this year, the charges were filed.
Legal, Regulation & Compliance
09/29/2016
SEC says UBS to pay $15 million over sales practices
UBS's notes were designed to offer attractive yields with a lessened risk of loss
09/29/2016
Ex-A.I.G. Chief Parries Inquiries on Offshore Reinsurer in Fraud Trial
The state contends Capco was a sham used to convert into investment losses
09/29/2016
Taiwan's Mega Financial says its bank branches overseas coming under greater scrutiny
Mega Bank will "actively communicate" with regulators, said Chang, who is also the chairman of Mega Bank.
09/29/2016
Och-Ziff to Pay $400 Million to Settle U.S. Foreign Bribery Probe
Hedge fund company will enter deferred prosecution agreement; could be announced Thursday
09/29/2016
SEC Charges CEO and Boiler Room Operator With Fraud
Sizer and Mesa have agreed to partial settlements of the SEC’s charges without admitting or denying the allegations.
09/29/2016
Hedge Fund Wins $40 Million Defamation Judgment
NuWave first sued BackTrack and its parent company in 2006
09/29/2016
SEC Files Insider Trading Charges Against Peruvian Traders Using Overseas Accounts
The Securities and Exchange Commission has charged two lawyers and a brokerage firm manager in Peru with insider trading prior to the merger of two mining companies.
09/29/2016
SEC Adopts Rules for Enhanced Regulatory Framework for Securities Clearing Agencies
The Commission also voted to propose to apply the enhanced standards established by the new rules to other categories of securities clearing agencies, including all SEC-registered central counterparties.
09/29/2016
SEC Proposes Rule Amendment to Expedite Process for Settling Securities Transaction
Proposal Shortens Settlement Cycle From Three Business Days to Two
09/28/2016
Pressure builds on Wells Fargo to reclaim bonuses paid before scandal broke
Top executives may have to forfeit some of the $300 million doled out during the period when harried workers set up fake customer accounts to meet sales goals.
09/28/2016
U.S. faults foot-dragging banks amid Deutsche Bank talks
Without help from the banks in several instances, he said, the government was forced to build cases from the ground up.
09/28/2016
Saudi Arabia Megabond Said at Risk of 9/11 Legislation Delay
Senate leaders in both parties said Tuesday they expect the vote to succeed, though Congress has yet to override a veto by Obama.
09/27/2016
FINRA Fines UBS Financial Services for Failing to Provide Fund Sales Charge Waivers for Eligible Customers
If these conditions are satisfied, the mutual fund waives the front-end sales charge.
09/27/2016
U.S. Senate's top tax lawmaker targets corporate offshore profits
Oregon Senator Ron Wyden said he wants to put an end to a Kennedy era law
09/27/2016
Standard Chartered Faces U.S. Probe Over Indonesian Investment
An evidence of possible bribery and other misconduct, findings that were echoed in a separate review by a law firm
09/26/2016
Wells Fargo Board Hires Lawyers To Advise On Possible Clawbacks
Wells Fargo fired or demoted employees who failed to meet unrealistic quotas, while, at the same time, providing promotions to employees who met these quotas by opening fraudulent accounts
09/26/2016
BlackRock, Vanguard Hail Regulatory Shift on Too-Big-to-Fail
The companies and their main trade associations, in hundreds of pages of letters, called on the Basel-based FSB to fine-tune potential constraints on how firms assess market stress
09/23/2016
Wells Fargo Would Owe Deceived Customers Less Than $50 Million: Goldman
Wells Fargo has refunded $2.6 million in fees to customers, but Tester said the consequences go beyond late charges.
09/23/2016
Argentina's Macri, Chile's Pinochet Embroiled in Bahamas Leaks
The Macri family’s Grupo Socma holding invested in ViajeYa.com, a company registered in the Bahamas which focuses on online tourism services, according to a report in La Nación daily.