08/14/2015
Edward Jones Pays $20 Million to Settle Muni Price Fraud Charges
The regulator claims, because of the pricing-related fraud, Edward Jones customers paid at least $4.6 million more than they should have when purchasing new bonds
Legal, Regulation & Compliance
08/14/2015
Scott+Scott Announces Five Additional Settlements Totaling More Than $2 Billion in FX Litigation
As the complaint details, the conspiracy affected dozens of currency pairs
08/14/2015
Nine banks agree to pay $2bn to settle forex rigging suit in the US
Banks accused of foreign exchange rate rigging have agreed to pay major sums of money in settlements to investors
08/13/2015
SEC Charges ITG With Operating Secret Trading Desk and Misusing Dark Pool Subscriber Trading Information
ITG agreed to admit wrongdoing and pay disgorgement of $2,081,034
08/13/2015
SEC Charges 32 Defendants in Scheme to Trade on Hacked News Releases
Hackers, Traders Allegedly Reaped More Than $100 Million of Illegal Profits
08/13/2015
SEC Charges Former Software Executive With FCPA Violations
The SEC’s order finds that Garcia violated the anti-bribery and internal controls provisions of the Securities Exchange Act of 1934.
08/12/2015
Former Director of Virgin Islands Public Finance Authority and Others Charged With Conspiracy and Bribery
This case is being investigated by the FBI’s San Juan Division
08/12/2015
SEC Is Dealt Fresh Defeat As NY Judge Halts Enforcement Case
His decision is significant because many SEC cases arise from activities in the financial services industry in Manhattan, and sets a precedent for judges in his court.
08/12/2015
FINRA Fines Real Housewifes' Family Firm For Getting Naked
If the shares are not delivered by the appropriate date, SEC's Reg SHO requires the firm to take affirmative action to close out the failure to deliver by purchasing or borrowing the securities
08/12/2015
Ex-Fund Manager Mark Bloom Gets Three Years in Fraud Case
Bloom’s crimes were largely committed at North Hills
08/12/2015
Brazil senator aims to raise taxes on bank income
Hoffman said in an interview that she will propose increasing the so-called "social contribution of net income" tax rate
08/11/2015
A Potential Alternative to Divorce
The utility of postnuptial agreements
08/11/2015
State Farm hit with excessive fees suit over target date funds
Plaintiffs accuse firm of receiving almost half of the management fees while a sub-adviser did most of the work
08/11/2015
Guggenheim settles for $20 million over not disclosing loan -SEC
The SEC order also found that Guggenheim improperly charged a client $6.5 million in asset management fees
08/11/2015
Tampa fund manager to plead guilty to Facebook investment fraud
According to his plea agreement, Movalia “made material misrepresentations and omissions through OM Investment Management
08/11/2015
Citigroup in $13.5 million settlement over defunct CSO hedge fund
The preliminary settlement was filed in Manhattan federal court and requires court approval.
08/11/2015
New SEC Rule Will Not Fix CEO Pay Gap
Ostensibly a tool for institutional investors, it will more likely be used as raw meat for sensationalist media headlines
08/11/2015
The Cyber-Insider: Mystery Money Manager Arrested in Hacking
He seems like an American success story: an ambitious Russian who came to the U.S. and went from business school to Wall Street to his own hedge fund.
08/11/2015
Puerto Rico Investors Win Relief From UBS
Cases were decided by arbiters from Finra
08/11/2015
Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations
U.S. regulators could levy large fines over alleged wrongdoings