09/22/2015
SEC Takes Aim at Risk in Asset Management
Agency considers rules requiring mutual funds, ETFs to gird against systemic stresses
Legal, Regulation & Compliance
09/22/2015
U.S. SEC Proposes Rules to Shore Up Liquidity Risk Management For Funds
The plan comes as asset managers have been facing heightened scrutiny by banking regulators over fears their lending and investing activities could pose broader risks to the marketplace.
09/22/2015
Ex-Morgan Stanley Adviser Pleads Guilty to Taking Bank Data
Marsh, who is free on a $200,000 bond, faces as long as five years in prison when he’s sentenced Dec. 7.
09/20/2015
CFTC Charges Florida Company Mintco LLC and Florida Residents Stuart Rubin and Richard Q. Zimmerman with Engaging in Illegal, Off-Exchange Precious Metals Transactions and Defrauding Customers
In its continuing litigation against Mintco, Rubin, and Zimmerman, the CFTC seeks disgorgement of ill-gotten gains
09/20/2015
Canadian Court Dismisses Anti-FATCA Injunction
The lawsuit challenged the constitutionality of the country's involvement with FATCA
09/19/2015
Appleby Offshore Litigation Symposium - 7 October 2015
This is an event for lawyers in New York whose work brings them into contact with offshore entities in Cayman, the BVI or Bermuda.
09/18/2015
Global law firm adds Former Deloitte Tax Principal in New York
“A vital tax practice is a necessary and important part of the firm’s transactional practice, and Eric is nationally recognized as one of the few leading tax lawyers who combine this high level of technical expertise in partnership taxation wi
09/18/2015
Hedge fund manager says he didn't trade on hacked press releases
The U.S. Securities and Exchange Commission said the scheme allegedly resulted in more than $100 million of illegal profit over a roughly five-year period.
09/18/2015
Tax crackdown on American expats prompts new rush to renounce citizenship
A record number of American expatriates renounced their citizenship in the first quarter of 2015 because of crackdown on foreign bank accounts by the US tax authorities, according to a CNBC report.
09/17/2015
Some Money-Fund Managers Have Power to Claw Back Waived Fees
A decision by the Federal Reserve this week to raise interest rates would help money-fund managers scale back or eliminate the waivers.
09/17/2015
Baker & McKenzie recruits litigation lawyer
Puggina assists foreign and domestic clients in negotiating and drafting agreements and helps companies in the US and Latin America with intellectual property matters.
09/17/2015
IRS Seeks Identities of Americans with Undisclosed Belize Bank Accounts
Americans with secret accounts in Belize should take notice: the government is looking for you.
09/17/2015
CFTC Orders Australia and New Zealand Banking Group Ltd. to Pay a $150,000 Penalty for Inaccurate Large Trader Reports for Physical Commodity Swap Positions
The CFTC Order requires ANZ to pay a $150,000 civil monetary penalty and to cease and desist from committing further violations of the CEA and CFTC Regulations, as charged.
09/16/2015
FINRA Tracks and Banishes Bad Brokers
FINRA's sanctions announced Tuesday serve as a cautionary tale for firms who hire reps from high-risk firms.
09/16/2015
US State Bank Supervisors Publish Final Model Regulation
The organization, comprised of representatives from state-level banking regulatory bodies, released an initial draft version of its proposed digital currency regulations in December.
09/16/2015
Swiss private bank settles with US authorities over tax offenses
“Today’s agreement is yet another example of a foreign financial institution coming forward, acknowledging its criminal conduct, taking the necessary steps to resolve its criminal exposure, cooperating with the department’s ongoing inves
09/15/2015
FINRA Seeks to Narrow Reporting Gap
The waiting period was set up to give advisors the opportunity to comment on any reported disclosure events
09/15/2015
U.S. prosecutors in talks with second suspect tied to JPMorgan hack
Any plea secured in the case could mark a breakthrough for authorities investigating the hacking of JPMorgan
09/15/2015
Asset Managers Team Up to Develop Standards for Dark Pools
Dark pools are essential for today’s market structure,
09/14/2015
Countdown begins to Fed's decision on interest rates
Those looking to buy homes and cars wonder if they'll have to pay more on loans, while savers are watching for more interest on their accounts.