11/05/2015
SEC Announces Whistleblower Award of More Than $325,000
No money is taken or withheld from harmed investors to pay whistleblower awards.
Legal, Regulation & Compliance
11/05/2015
U.S. News & Best Lawyers Names McDermott “Tax Law Firm of the Year” and Awards Firm Top Rankings in More than 20 National Practices
The U.S. News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process
11/05/2015
Ex-JPMorgan U.S. adviser pleads guilty to embezzling $22 million
Under a plea agreement, Oppenheim has agreed to waive his right to appeal any prison term of about 10 years or less and forfeit $22.4 million and pay $27.3 million in restitution.
11/04/2015
SEC Charges Private Equity Firm and Four Executives With Failing to Disclose Conflicts of Interest
The case was supervised by Panayiota K. Bougiamas of the Asset Management Unit.
11/03/2015
U.S. Placed Above Cayman Islands in Financial Secrecy Blacklist
Singapore and the Cayman Islands were placed fourth and fifth in the TJN rankings
11/02/2015
CIBC Comments on Cerberus' Lawsuit
Since 2008, CIBC has satisfied its obligations including making 84 monthly payments totaling more than $1.24 billion
11/02/2015
Credit Suisse Brokers Fret over Wells Fargo Recruitment Deal
As Credit Suisse offloads the business, Wells Fargo has stepped in to offer its brokers a sign-up deal of 300% of annual fees and commissions — with two major caveats
11/02/2015
Bank of America Agrees to $335M Settlement of MERS Litigation
The investors also alleged B of A knew it couldn't raise adequate capital to repurchase billions of dollars in securities that used Countrywide Financial-originated loans as collateral.
11/02/2015
PwC Canada Merges in RHB Schmitz de Grace
RHB specializes in helping private companies with financing, risk mitigation, accounting, audit and tax compliance, business evaluation, wealth management and succession planning.
11/01/2015
Grant Thornton settles lawsuit for $4.4 million
The company declared bankruptcy soon after the discovery that a Cayman Islands subsidiary had booked $4 billion in nonexistent cash and securities accounts.
11/01/2015
US financial watchdog sets rules to ease crowdfunding
Crowdfunding -- the best-known example of which is probably the popular American website Kickstarter -- is a model of alternative financing that has developed enormously in recent years.
11/01/2015
Morgan Stanley to face Russian tycoon's insider trading claims
In a trial starting on Monday, Morgan Stanley will confront a Russian billionaire's claims that it illegally short-sold a company based on inside information at the height of the financial crisis.
10/30/2015
Tax Issues Take Center Stage For RIAs Focused On High Net Worth
U.S. investors are bemoaning the tax drain on their savings and seeking help to reduce the bite, Bloomberg Markets magazine reports in its December issue.
10/29/2015
After Criminal Leak Case, Goldman Changes Its Revolving Door Policy
Trying to put the "Government Sachs" label to rest.
10/29/2015
SAC's Martoma seeks reversal of U.S. insider trading conviction
It is a classic insider trading case
10/29/2015
A Word to Brokerage Executives: About That Pay Cut…
Rather than chipping away at compensation formulas, brokerages should focus on improving their services for brokers and clients
10/28/2015
SEC Takes Tougher Stance on Enforcement in J.P. Morgan Case
Regulator takes a harder line in settlement talks with J.P. Morgan amid calls for stricter enforcement
10/28/2015
Five Firms Ordered To Pay $18 Million for Mutual Fund Overcharges
More brokerage firms sanctioned as mutual fund overcharges prove to be a widespread problem
10/28/2015
US escalates Deutsche Bank probe into Russian trades
Gina Chon in Washington, James Shotter in Frankfurt and Kathrin Hille in Moscow
10/28/2015
Accounting News Roundup: Name Changes; Government Work; Even More Grant Thornton PTO
Major New Mexico accounting firm changing its name, branding [NMBJ]