03/14/2016
SEC Charges Deteriorating Alts Platform
The trouble started in January 2014, when it made a big bet on student loans from for-profit college Corinthian Colleges
Legal, Regulation & Compliance
03/11/2016
Hedge Fund Billionaire Louis Bacon Says Clothing Mogul Peter Nygard Plotted Murder Over Beach House
Among the claims—physical attacks, firebombing cars, home and office break-ins, vandalism, and paying people to throw anti-Bacon rallies that claimed he was a racist, a murderer, and stock crook.
03/11/2016
Deutsche Bank, HSBC Fight Fed's `Unfair' Too-Big-to-Fail Plans
Both layers of debt deemed “readily available for bail-in” would have to be sold to the parent companies, rather than third-party investors, according to the draft rules, which were released for comment Oct. 30.
03/11/2016
Ganek Suit Over Hedge Fund Raid Moves Forward Against U.S.
The unusual decision on Thursday means the government must provide evidence about its work to Ganek and perhaps defend itself before a jury.
03/11/2016
Raymond James Fined for Enabling Client Privacy Violations
In several cases, customers had opted out of sharing their information or the customer resided in a state that required affirmative consent to share personal information, according to the regulator.
03/09/2016
Final Regulations Issued on Requirements for Certain Domestic Entities to Report Specified Foreign Financial Assets By David J. Moise, Jill Misener and Shira Peleg
The regulations went into effect on February 23, 2016, and apply to taxable years beginning after December 31, 2015. Failure to timely file Form 8938 may result in a penalty up to $50,000.
03/09/2016
Ex-JP Morgan adviser jailed over £14m client theft
He was ordered by US district judge Analisa Torres to forfeit $20.2m and pay redress to JP Morgan.
03/09/2016
Swiss Re Said to Be in Talks to Buy Prime Reinsurance From Citi
An agreement hasn’t been finalized and talks could still fall through
03/08/2016
Colorado Moves to Close Offshore Tax Loopholes
Fortune 500 companies now hold a record $2.4 trillion outside U.S. borders
03/07/2016
Obama to meet with financial regulators ahead of new rule
The brokerage industry largely opposes the new rule.
03/07/2016
Appleby Sponsors Global Fund Finance Symposium
Appleby also had an opportunity to contribute through its exclusive sponsorship of the official networking reception.
03/07/2016
Visium Hedge Fund Being Investigated by Justice Dept. and S.E.C.
The authorities are also looking at Visium’s trading of certain securities and the firm’s use of a consultant more than five years ago.
03/07/2016
Michigan Family Office Employee Charged Money Laundering and Fraud
His money laundering charge is connected to the purchase of land on Lake Michigan.
03/04/2016
FINRA Ejecting Firms That Skip Out on Arbitration Bills
Senator Warren questioned whether industry self-regulation really works, pointing to two recent studies that showed brokers and firms put consumers at risk through unpaid arbitration awards and unchecked advisor misconduct.
03/04/2016
20 Caribbean, Latin American Nations Named Major Money Laundering Countries
Antigua and Barbuda made the list again because the U.S. government says its offshore center continues to be vulnerable to money laundering and other financial crimes.
03/03/2016
Gilead Sciences, Inc. (GILD) Shares Bought by Rothschild Investment Corp IL
Other large investors have also made changes to their positions in the company.
03/03/2016
Schlumberger Limited. (SLB) Shares Bought by Rothschild Investment Corp IL
Other hedge funds and other institutional investors also recently modified their holdings of the company.
03/02/2016
BNY Mellon's Pershing Launches Two-Part Series on Fiduciary Practices and Conflicts of Interest for Broker-Dealers and Hybrid Firms
The whitepaper points out the ways dually registered financial professionals will face increased scrutiny with their investment recommendations.
03/02/2016
Private Equity, Venture Capital and Hedge Fund Manager Annual Update
Registered investment advisers are required at least annually to review the adequacy of their policies and procedures
03/02/2016
US probing Barclays hiring practices in Asia
About 10 banks in the United States and Europe have said they are being investigated by US agencies over aspects of their foreign recruiting.