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Legal, Regulation & Compliance

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.

03/01/2016

FINRA Approves Enhanced Price Disclosure to Retail Investors in Fixed-Income Securities

The disclosure requirement will not apply to transactions in fixed-price new issues

03/01/2016

Trader's ouster at JP Morgan affirms commitment to compliance

A Finra spokesman said the regulator will review the firing as a matter of practice as it does with all dismissals for cause.

03/01/2016

SEC Said to Pressure Lloyds on Disputed CoCo Bonds Tender Offer

The U.S. Securities and Exchange Commission pushed Lloyds Banking Group Plc to give bondholders more details on the terms of its buyback offer as the British bank prepares for a legal battle with creditors in the U.K. Supreme Court

03/01/2016

Trader's ouster at JP Morgan affirms commitment to compliance

A Finra spokesman said the regulator will review the firing as a matter of practice as it does with all dismissals for cause.

02/29/2016

Global law firm to Establish Global Business Services Center in Louisville, Kentucky

The move follows a strategic review of how the firm provides business services support

02/29/2016

US Fed Has Limited Influence on Russian Markets - Russian Central Bank Head

Russian Central Bank head said that US Federal Reserve has no direct influence on the Russian market.

02/29/2016

Local big deals set 2015 records; 2016 looks strong

Both numbers are records since Crain's started running its list of big deals more than two decades ago

02/29/2016

Mystery Malaysian High Roller at Center of Global Laundering Probe

He arrived from out of nowhere in 2009, a mysterious, geeky 28-year-old dropping ridiculous amounts of money all over the city.

02/29/2016

The Wall Street rat is going to get more fat

Previously, older laws enacted after the savings and loans scandal in the 1980s capped awards at $1.6 million.

02/29/2016

Bills would allow bigger payouts to Wall Street whistleblowers

Previously, older laws enacted after the savings and loans scandal in the 1980s capped awards at $1.6 million.

02/29/2016

Dentons tells ex-Luce Forward partners of $1.9M clawback years after they joined predecessor firm

Some ex-partners of the bygone California firm who are not currently connected with Dentons are being offered a chance to repay the claimed debt

02/26/2016

Ex-Citadel financial analyst to be resentenced in trade secrets case

The three-judge 7th Circuit panel suggested that the $12.7 million intended loss was inflated.

02/26/2016

Gibraltar hit with regulatory action for secrecy act and anti-money laundering violations

The OCC today also issued a $2.5 million CMP against the bank.

02/26/2016

U.S. Sanctions Warning Tests Resolve of Foreign Banks in Russia

Royal Bank of Scotland Group Plc, Barclays Plc and Deutsche Bank AG have shuttered activities in the country.

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