07/07/2015
FINRA Candidate Says He'd Represent Firms, Not Investors
If elected, FINRA candidate Brian Kovack says he would focus on implementing regulatory reforms.
Legal, Regulation & Compliance
07/07/2015
Banks’ ‘living wills’ aim to prevent more bailouts
JPMorgan Chase & Co. said it would shrink by about one-third, without systemic disruption, if the company was forced into bankruptcy.
07/07/2015
The US voluntary disclosure landscape has changed dramatically over the last 12 months
Under the Programs, a penalty was initially imposed that was calculated at 20% of the previously non-disclosed financial account balances
07/07/2015
Sealed HSBC report shows US managers battling clean-up squad
HSBC agreed to submit to the monitor's oversight in late 2012, as part of a pact with the US Justice Department that required it to bolster its in-house controls.
07/07/2015
Hoax Phone Call Costs Hedge Fund $1.2 Million and CFO’s Job
Meston was terminated by Fortelus and is now being sued by the fund
07/07/2015
JPMorgan Chase faces $20 mln OT claims after recent settlements
JP Morgan Chase gave a group of workers who process loans new job titles in order to claim they were exempt from overtime pay
07/07/2015
Obstacles in Regulators’ Push to Reduce Leveraged Loans
Regulators, especially after the financial crisis, have perceived this lending as risky.
07/07/2015
Regulators approve Pinnacle merger plans
Pinnacle Financial Partners has received the go-ahead from federal and state regulators for its plans to merge with CapitalMark Bank & Trust in Chattanooga and Magna Bank in Memphis.
07/06/2015
John LeFevre pens 'Straight to Hell,' a tell-all about his cocaine and sex-fueled days as a Wall Street banker
John LeFevre's new tell-all "Straight to Hell" chronicles his sordid and debauched days as a Wall Street banker.
07/06/2015
Section 1782: American dream… or nightmare?
Did you know that parties to non-US proceedings can readily obtain information found in the US for use in those non-US proceedings?
07/03/2015
Carlyle Not in Discussions With SEC About Fees, Rubenstein Says
The SEC said June 29 that KKR, the private equity firm run by Henry Kravis and George Roberts, will pay a $10 million fine
07/03/2015
U.S. Hedge Fund Elliott Associates to Appeal Court Ruling on Samsung Merger Proposal
U.S. hedge fund Elliott Associates LP said Friday that it would appeal a South Korean court ruling that gave its blessing to a shareholder vote on a proposed merger of two Samsung Group affiliate companies.
07/03/2015
US hedge fund Elliott to appeal Korean court ruling on merger of Samsung affiliates
The fund said in a statement that it was disappointed with the court's decision not to grant a preliminary injunction to prohibit Samsung C&T from seeking shareholder approval for the merger.
07/03/2015
Conyers advises Textainer Group on amendment on Textainer Ltd's five-year revolving credit facility
Conyers Dill & Pearman has advised Textainer Group Holdings Ltd, the world’s largest lessor of intermodal containers based on fleet size, in connection with the entry by Textainer Ltd, which is a wholly-owned subsidiary of the Company, on an ame
07/03/2015
6 years in prison for hedge fund trader in Ponzi scheme
He was sentenced to six years in prison for stealing more than $9 million in a Ponzi scheme.
07/02/2015
Miami-based corporate boutique law firm advise Bayport Colombia on successful $50 Million Loan
The $50 million loan was the first of its kind from IDB
07/02/2015
Fifa arrests: US asks Switzerland to extradite officials
The United States has asked Switzerland to extradite seven Fifa officials arrested on corruption charges in May, the Swiss authorities say.
07/02/2015
Doster Ullom & Boyle Voted One of the "2015 Best Law Firms in St. Louis
The attorneys at Doster Ullom & Boyle bring together a unique combination of talent, experience and knowledge.
07/02/2015
Miami law firm transformed into after-hours art gallery for nonprofit fundraisers
Guests get guided tours of the artwork Kluger hand-picked from his collection and moved into his office.
07/01/2015
Wall Street executive must pay $18 million in sexual harassment suit
According to Bouveng, the firing occurred when Wey found another man in her $3,600-a-month Tribeca apartment