12/09/2015
Former Western Asset Employee Arrested on Cyber-Intrusion Charges
Former employee accused of illegally accessing company emails
Legal, Regulation & Compliance
12/09/2015
US and Dominican Republic sign mutual recognition arrangement
The United States has now signed 11 MRAs with other customs administrations across the world.
12/08/2015
DOJ Urges Justices To Reject Appeal By Ex-UBS Execs
In its opposition, the DOJ maintained its argument that the 1989 Financial Institutions Reform Recovery and Enforcement Act covers the actions of Peter Ghavami
12/07/2015
SEC prepares new Credit Suisse charges
The case is unusual for the watchdog, so it is not clear what kind of penalties Credit Suisse might face.
12/06/2015
SEC to Consider Rule to Limit Funds' Use of Derivatives
White also noted the recently proposed rule to enhance data reporting by investment companies and advisors
12/06/2015
Madoff Trustee Begins $1.19 Billion Payout to Victims
The latest payout will go to holders of 1,071 accounts at the former Bernard L. Madoff Investment Securities LLC.
12/05/2015
A global law firm decides there's no place like home
They say you can never go home again, but Baker & McKenzie wants to try.
12/04/2015
The IRS Is Losing Hundreds of Criminal Investigators
Despite those victories, these are dark days for CI agents.
12/03/2015
SEC: Grant Thornton Ignored Red Flags in Audits
They violated professional auditing standards by failing to take reasonable steps to determine that an agreement with the lessor
12/03/2015
SEC Revives Failure To Supervise Case Against Billionaire Steven A. Cohen
The failure to supervise charge will now move to a hearing, set to begin in mid-December.
12/03/2015
Bank of China appeals disclosure order in counterfeit case
The Bank of China is appealing a decision by a New York court to fine it $50,000 a day for withholding information about counterfeiters' bank accounts in China.
12/03/2015
Morgan Stanley to Recruit Credit Suisse''s Latin America Brokers -- 2nd Update
The transition is expected to be completed in the first half of next year.
12/02/2015
SEC sanctions Grant Thornton and two partners for multiple audit failures
Both companies eventually faced SEC enforcement actions for improper accounting and other violations.
12/02/2015
SEC Revives Failure To Supervise Case Against Billionaire Steven A. Cohen
The ongoing nature of the case indicates the SEC believes it can succeed in showing Cohen bred a culture that fostered and even rewarded insider trading.
12/01/2015
Banking Priorities Change in Response to Digital Challenges
This shift in emphasis manifests itself in the fact that updated technology is banking’s biggest priority this year up from number 4 last year and that, for the third consecutive year
12/01/2015
Central banks pulling in different directions
The ECB's likely decision contrasts with the recent on hold monetary policy judgement by the Bank of Japan.
12/01/2015
SEC Charges Bitcoin Mining Companies
The first computer or collection of computers to solve an equation is awarded new units of that virtual currency.
11/30/2015
RBC Global Asset Management announces planned changes to U.S. money market funds
RBC Global Asset Management has over $28 billion in global institutional cash management assets
11/30/2015
Improved, Easy Access to Swiss Wealth Managers – Americans Welcome
The Swiss platform WHERE AMERICANS ARE WELCOME (WAAW) has added new features for improved, easy access to Swiss wealth managers dedicated to serving American clients.
11/30/2015
FINRA Expedites Public Disclosure of Advisor Terminations
The original waiting period was set up to give advisors the opportunity to comment on any reported disclosure events.