11/18/2015
International law firm boosts Global Tax Team
He was previously a leader of the West Coast tax practice at another global law firm.
Legal, Regulation & Compliance
11/18/2015
U.S. close to finalizing rules on banker bonus pay: OCC
The rules are expected, among other things, to dictate when banks can take prior years' bonuses back from bankers, for example if the employee engaged in fraud.
11/18/2015
SEC Charges Pump-and-Dump in Marley Coffee Stock
The SEC alleges that Jammin Java’s former CEO Shane Whittle orchestrated the scheme with three others who live abroad and operate entities offshore.
11/17/2015
Gilbert Arenas Demands At Least $40 Million From Financial Management Firm
Arenas claims that Boulevard Management, Inc. fell well short of the standard of care that it publicly advertises, causing Arenas to lose many millions of dollars.
11/17/2015
FINRA Fines Scottrade $2.6 Million for Failing to Save Emails
FINRA rules require firms to save all documentation in a non-rewritable, non-erasable format
11/17/2015
Mutual Fund Adviser Advertised False Performance Claims
The investigation was supervised by Jeffrey Finnell and Robert Baker.
11/15/2015
Hausfeld Announces $120 Million Settlement With Barclays in LIBOR Litigation
In June 2012, Barclays admitted to manipulating LIBOR in settlements with U.S. and U.K. regulators.
11/15/2015
Standard Chartered's Swiss Bank Will Pay $6.3 Million to U.S.
The Swiss Bank Program, which was announced on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States.
11/14/2015
U.S. Justice announces Standard Chartered reaches resolution under Swiss bank program
The Department of Justice has announced that Standard Chartered Bank Switzerland SA, en liquidation SCB Switzerland, reached a resolution under the department’s Swiss Bank Program.
11/14/2015
The Bank Of Canada Is Siding With Bitcoin
The region is home to seven of Deloitte’s Canadian Technology Fast 50 FinTech companies, and the financial tech industry is growing fast.
11/12/2015
JPMorgan's accused hackers had vast $100 million operation
American prosecutors say they have identified the people involved in hacking JPMorgan Chase last year.
11/12/2015
Dechert Advises Stifel in Acquisition of Eaton Partners
Dechert partner Ken Young led the team advising Stifel.
11/12/2015
UK leads on anti-corruption push, U.S. and China lag, campaigners say
Governments and campaign groups are concerned about company ownership transparency because webs of companies in secretive locations are important vehicles for money laundering.
11/11/2015
PIMCO Hits Back at Gross Lawsuit
The Newport Beach investment giant has questioned the grounds of its former co-CIO’s $200 million legal complaint in its official response.
11/11/2015
Aspiriant Plans to Buy Another California Wealth Firm
Hokanson’s San Diego office will become the buyer’s fourth location in California and ninth in the U.S. overall.,
11/11/2015
Brazil lower house passes amnesty for unreported offshore assets
The bill passed the House by a vote of 230-213; it must still be approved by the Senate.
11/11/2015
Three charged in record cyber-attack on financial firms
Three men have been charged in relation to the largest cyber-attack on financial firms in US history.
11/06/2015
British Traders Facing US Jail Over Libor
A senior British banker slumps over a table in court after being convicted of plotting to rig the benchmark interest rate Libor.
11/05/2015
Deutsche Bank to pay $258m penalty for violating US sanctions
The US government prohibits doing business in countries such as Iran, Syria, Libya and Sudan as they are considered havens for possible terrorist financing.
11/05/2015
Terrorism victims sue BNP Paribas for violating sanctions
BNP was laundering money for clients in Sudan in the years leading up to the bombing