10/05/2015
SEC Charges Two Grant Thornton Firms With Violating Auditor Independence Rules
The orders censure the audit firms for violating the auditor independence standards
Legal, Regulation & Compliance
10/05/2015
Famed Hedge Fund Manager James Chanos Sued for $70K in Back Rent
Macken started falling behind on her $6,485 a month rent in March 2014 and made her last payment for the apartment in July of that year
10/05/2015
US Congress considers domestic patent box regime - should you reevaluate your global structure?
Patent box regimes typically apply deeply discounted tax rates to income derived from intellectual property.
10/04/2015
SEC Dismisses Fraud Charges Against Indian American Executive of Aphelion
Kalucha was accused by the U.S. regulator for distributing falsified performance results
10/02/2015
Former Advisor Sues Morgan Stanley For Racial Discrimination
The suit claims that partnerships and teams at Morgan Stanley are racially segregated
10/02/2015
Griffin divorce ensnares high-finance execs, limo drivers, photographer
Dias Griffin is seeking to have the premarital deal thrown out and claims she was under duress when she signed it.
10/02/2015
Banks settle swaps market manipulation case for $1.86 billion
The deal calls for the defendants to pay $1.86 billion, which will be distributed to investors claiming they lost huge sums because of the banks’ anti-competitive practices.
10/01/2015
SEC Charges Mass. RIA With Fraud, Self-Dealing
Between 2010 and 2012, Weiss invested more than $40 million belonging to individual clients and hedge funds in Biosyntec SA.
10/01/2015
Volatility Spikes in August After Extended Period of Relatively Low Risk
While there may be instances of short-term differences in ETFs' price and underlying NAV, it should not impact longer-term investors.
10/01/2015
Bogle: Compromises to DOL Rule May Be Needed
Some of the changes sought by the industry on the Labor Department’s fiduciary proposal are necessary
10/01/2015
Stage set for UK’s alleged largest ever film tax fraud trial
Next week sees the start of the trial of three defendants accused of running the UK’s largest ever film tax avoidance.
10/01/2015
Switzerland Claims to Have Found Brazilian Speaker's Secret Accounts
The volume of resources found–which is kept secret– was blocked by the authorities.
10/01/2015
Credit Suisse receives QPAM exemption from DOL
The company, which managed $15.6 billion for U.S. institutional tax-exempt clients as of Dec. 31
09/30/2015
SEC Charges UBS Puerto Rico and Two Individuals in Actions Relating to Former Broker’s Fraud
UBSPR Reaches $34 Million Settlement With SEC, FINRA
09/30/2015
Cyril Amarchand Mangaldas facilitates acquisition of Bank of America’s Private Wealth Management Business by Julius Baer Group
The Cyril Amarchand Mangaldas team which advised Bank of America Corporation was led by Mumbai based managing partner Cyril Shroff
09/30/2015
Senate panel ponders if Stanford Ponzi scheme victims should be compensated
Stanford, who ran the investment scheme that involved CDs from a foreign bank, was sentenced in 2012 to 110 years in prison for organizing what prosecutors said was an illegal Ponzi scheme.
09/29/2015
SEC Charges Trinity Capital Corporation and Former Bank Executives With Accounting Fraud
The SEC’s complaint filed against Cook and Pierce alleges they violated or aided and abetted violations of the antifraud
09/29/2015
Wildest Market Swings Since 2008 Put Regulators On Edge
2015 is already the most volatile calendar year since 2008
09/29/2015
Special Report: The 2015 Global 100
This year is no different, with total Global 100 revenue rising 4.5 percent, to $92.7 billion
09/29/2015
Despite Resistance, Law Firms Invest in Sales Staff: Survey
The idea still faces a good deal of resistance