01/05/2016
Trustee Strikes $25 Million Settlement With Madoff Investor
Irving Picard reaches deal with Vizcaya Partners as well as with Vizcaya’s investors and their bank
Legal, Regulation & Compliance
01/05/2016
US Justice Department Sues German Car Giant VW Over Emission Scandal
In September last year, following an investigation by US regulators, VW admitted fitting the so-called defeat device on 11 million vehicles globally.
01/04/2016
Swiss bank to pay US$100 million to resolve US tax probe
This amount has been entirely provisioned and does not affect the capital ratios of the group or of the bank, which remains among the world's best-capitalized banks
01/04/2016
FASB Proposes to Curb What Companies Must Disclose
Officials at the standards board said the change was intended to align accounting standards with Supreme Court rulings and literature
01/04/2016
Deleted: FINRA Erases Many Broker Disciplinary Records
A Financial Planning investigation shows that a systematic expungement, or purging, of numerous advisors’ disciplinary histories not only raises questions about the value of BrokerCheck
01/04/2016
Debevoise Names Six New Counsel and International Counsel
Their promotions became effective on January 1.
01/04/2016
John Angelo, Co-Founder of NY Investment Firm, Dead at 74
Angelo began his finance career in 1966 working on the bond floor of the New York Stock Exchange
01/04/2016
In Cohen and I.B.M. Insider Trading Cases, Challenges for the S.E.C.
In the first case, filed in 2013, the S.E.C. brought an administrative charge against Steven A. Cohen over his failure to supervise two employees accused of engaging in insider trading at his hedge fund firm
12/31/2015
Apple to Pay $348 Million to Settle Italy Tax Probe
Authorities in Milan told the publication that Apple was under investigation for failing to declare earnings in Italy from 2008 through 2013.
12/31/2015
JPMorgan Wants Ex-Advisor Found In Contempt Over Poaching Clients
Salvatore Alesia violated a previous court order prohibiting such conduct
12/31/2015
Ex-Barclays Advisor Ordered to Return $1.4M to Former Employer
Webb managed more than $400 million in assets for high-net-worth clients as a senior director of portfolio management at BNY Mellon.
12/31/2015
U.S. hedge fund founder is denied early release in insider case
An earlier appeal failed in February 2014.
12/30/2015
Barclays in US$13.75 million US settlement over mutual funds
Barclays did not admit or deny wrongdoing in agreeing to the settlement
12/30/2015
Regulators Shouldn't Rubber-Stamp Banks' CRA Efforts
Banks are posting huge profits and the stock market has surged in recent years.
12/30/2015
Julius Baer Has Reached an Agreement in Principle with the U.S. Attorney’s Office for the Southern District of New York
Julius Baer has reached an agreement in principle with the U.S. Attorney’s Office for the Southern District of New York with respect to a comprehensive resolution regarding its legacy U.S. cross-border business.
12/29/2015
PwC audit found no problems at Third Avenue's failed junk bond fund
PwC said an audit includes examining, on a test basis, evidence supporting the amounts and disclosures in a fund's financial statements and significant estimates made by management.
12/29/2015
Ex-JPMorgan Personal Bankers Accused of Theft From the Dead
Jonathan Francis, 27, and Dion Allison, 30, were charged with crimes including conspiracy and second-degree grand larceny.
12/29/2015
Two Chinese citizens in insider trading settlement with U.S. regulator
Both companies later announced private equity takeovers in deals where one of the bidders had been TPG, where Yooli.com Chief Executive Yannan Liu, Zhou's cousin, previously worked
12/29/2015
Boutique Firm Grabs and Leadership Shuffles Highlighted Big Law's Year
All of Oppenheimer's 82 attorneys are set to join Fox Rothschild
12/28/2015
Commerzbank sues 4 banks over mortgage losses
Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the lawsuits filed in Manhattan federal court.