11/30/2015
Improved, Easy Access to Swiss Wealth Managers – Americans Welcome
The Swiss platform WHERE AMERICANS ARE WELCOME (WAAW) has added new features for improved, easy access to Swiss wealth managers dedicated to serving American clients.
Legal, Regulation & Compliance
11/30/2015
FINRA Expedites Public Disclosure of Advisor Terminations
The original waiting period was set up to give advisors the opportunity to comment on any reported disclosure events.
11/28/2015
Ex-BofA employee: My firing was ‘act of violence”
Krawcheck reveals all in a new podcast interview series called “Radiate” with Bloomberg journalist Betty Liu.
11/27/2015
Swiss agree to send bank info regarding FIFA cases to U.S.
"An order always affects a single holder of one or multiple accounts at a single bank," Galli said.
11/26/2015
Wall St. Faces Mounting Criticism From Regulators
And that will not be an outcome that will appeal to anyone running a powerful Wall Street firm.
11/26/2015
Dechert Wins Multiple M&A Advisor Awards
This year, more than 280 nominees representing more than 690 companies became finalists for the awards.
11/26/2015
Cooperating Witness in SAC Capital Trial to Be Sentenced
The discussion about Mr. Lee’s value as a potential witness against Mr. Cohen’s former hedge fund was disclosed in a letter to Judge P. Kevin Castel
11/25/2015
BTG Pactual CEO Esteves Arrested In Brazil's Graft Probe, Police Say
Esteves is under temporary arrest for a maximum of five days, according to an official for the federal Supreme Court, which authorized the action.
11/25/2015
Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case
The Department of Justice has announced that Deutsche Bank (Suisse) SA (Deutsche Bank Suisse) reached a resolution under the department’s Swiss Bank Program. Deutsche Bank Suisse will pay a penalty of more than $31 million.
11/25/2015
Accountants eye return on audit help for wealthy
More audits for the wealthy mean more work for those accounting firms with a family office practice.
11/24/2015
Judge approves Merrill Lynch-Fund settlement agreement, fees
The court recognized that neither of the parties opposed the agreement.
11/24/2015
US Treasury to tighten corporate tax inversion rules
As Treasury Secretary Jacob Lew said in a statement Thursday: "Only legislation can decisively stop inversions".
11/24/2015
Justice Department Announces Privatbank IHAG Zürich AG Reaches Resolution Under Swiss Bank Program
IHAG will pay a penalty of more than $7 million.
11/20/2015
Rich investors value protecting wealth over high returns
It's often assumed that financial planning for high-net-worth individuals is all about sophisticated investments and complex strategies that are either too expensive or otherwise off-limits to the general public.
11/20/2015
U.S. SEC Fines Connecticut Firm $1 Million for 'Custody Rule' Violations
Sands Brothers violated the SEC's so-called "custody rule," the SEC said.
11/20/2015
Swiss banks to pay $81 mln, avoid U.S. charges on aiding tax evasion
These banks will collectively pay penalties totaling more than $81 million and continue to cooperate with the department.
11/20/2015
US clamps down on tax avoidance with new rules
Move unlikely to halt inversion between Pfizer and Allergan
11/19/2015
Citigroup wins lawsuit vs. Connecticut firm over Swiss franc losses
The judge directed Citigroup and Tormar to try to reach an agreement
11/19/2015
Barclays to Pay $150 Million More to Regulator in Forex Probe
Additional Fine Brings Overall Barclays Foreign Exchange NYDFS Penalty to $635 Million
11/19/2015
Madoff Victims to Soon Recoup Another $1.18 Billion
Once the payout, Picard's sixth, is finished, eligible recipients will have recouped about $9.13 billion.