04/27/2016
Clues to Jailed Fund Manager's Millions Sought in Panama Leak
Getting access to the papers will be a challenge.
Legal, Regulation & Compliance
04/27/2016
Citigroup shareholders in rebellion over executive pay
The pay plans were approved but 36.4 per cent of votes were cast against.
04/26/2016
IRS Rules on Tax Consequences Associated With Early Termination of a Generation-Skipping Taxable Marital Trust
Surviving spouse deemed transferor for gift tax and GST purposes
04/26/2016
J.P. Morgan broker-dealer and custodian fined $1 million
The bank's broker-dealer and custody and clearing arm allegedly violated SEC and Finra rules through operational, supervisory and record-keeping misconduct
04/24/2016
Bank Regulators Still Slow At Enforcing Dodd-Frank
Under the rules, banks that have had their plans rejected have 90 days to revise their plans, unless regulators decide to shorten or lengthen that time frame.
04/24/2016
Proposed Dodd-Frank rules may omit money managers
Only 18 of the 669 registered investment advisers subject to the rule would face the heaviest regulation
04/22/2016
Goldman Sachs, Vista Equity Agree to Settle Tibco Investor Suit
Firms to pay about $30 million to former investors in software company whose sale to Vista was marred by a share-count error
04/22/2016
NY Regulator Wants Foreign Banks' Records on Dealings with Panama Firm
The documents, which have come to be known as the Panama Papers, contained information on about 214,000 offshore companies and showed how individuals and corporations were able to hide assets and avoid taxes.
04/22/2016
Steven L. Cantor Receives Miami Today Award
Global Attorney Steven Cantor of Cantor & Webb Cited
04/22/2016
NY regulator wants foreign banks' records on dealings with Panama firm
The documents, which have come to be known as the Panama Papers, contained information on about 214,000 offshore companies
04/21/2016
Funds Want More Flexibility in SEC Derivative Proposal
Regulators target some liquid alternative and exchange-traded funds. Will the rules make matters worse?
04/21/2016
Why the S.E.C. Didn’t Hit Goldman Sachs Harder
The investigators had been looking into Goldman Sachs’s mortgage-securities business
04/20/2016
Brazil Goes Easy on Wealthy Tax Dodgers to Help Plug Budget Gap
The finance ministry expects the legislation, signed into law in January with little fanfare, to raise about $10 billion for government coffers
04/19/2016
UBS Blamed In U.S. Trial For $2.1 Billion In Mortgage Bond Losses
UBS AG went to trial on Monday over $2.1 billion in losses that investors incurred on mortgage-backed securities after the collapse of the U.S. housing market.
04/15/2016
'Double-Headed Beast' Malware Steals $4 Million From US Banks In 3 Days
In early April, cybercriminals believed to be of Eastern European origin unleashed a malware that stole $4 million from more than 24 American and Canadian banks in just a few days
04/15/2016
28-year-old hedge fund analyst accused of insider trading using his mom's brokerage account
The complaint didn't name his former employer, but Reuters reported that a LinkedIn account with his name on it said that he worked at MSD Capital, Michael Dell's family-office hedge fund.
04/14/2016
HSBC risks losing US banking licence as pressure mounts over Panama Papers probe
That could lead to any fines being paid to American authorities and HSBC could even lose its right to operate in the country.
04/14/2016
Citigroup’s ‘Living Will’ Receives Passing Grade From Regulators
Plans from other big U.S. banks receive harsher assessments, making Wall Street firm arguably the biggest winner of the review
04/14/2016
HSBC Bank USA Announces Settlement with OCC Related to Legacy Credit Card Add-on Products
HSBC Finance Corporation will pay a civil money penalty of $35 million to the OCC
04/13/2016
Major brokers JLT, Willis in $40 million settlement
In a statement to the London Stock Exchange, JLT said that the two parties had reached a settlement as their case was due to be heard in the High Court this month.