04/23/2015
RBC Wealth Management fined $1 million for lax oversight of sales tactics
Fines and restitution relate to the improper sales of structured investment products to more than 200 retail investors
Legal, Regulation & Compliance
04/22/2015
US, UK aim for Deutsche Bank Libor settlement on Thursday – sources
The world’s second-largest foreign exchange trader still faces potential claims or settlements over past issues including alleged attempts at foreign exchange benchmark manipulation and alleged violations of U.S. sanctions on Iran.
04/22/2015
DOL Rule, Anti-Money Laundering Top Priorities for Raymond James
While it’s too early to report specifically where Raymond James stands on the new proposal, Curtis said on the surface, the new DOL proposal appears to be significantly better than the one put forward in 2010.
04/22/2015
New York won't settle with Barclays soon over FX computer programs
New York's banking regulator will not settle with Barclays Plc over foreign exchange trading in coming weeks
04/22/2015
CFTC freezes assets of DG Wealth Management over FX ponzi scheme & client funds misappropriation
The CFTC has issued a complaint alleging that Florida resident Dorian Garcia returned nearly $2.1 million to investors
04/22/2015
NY Bank Regulator Says Currency Probe Could Last Months
Lawsky’s remarks Tuesday at a conference in New York represent a departure from his position in November
04/22/2015
Investment Advisers: Six Areas of Focus for SEC Cybersecurity Exams
The alert also provides a sample document request that lists six primary areas that the OCIE plans to evaluate during cybersecurity exams
04/22/2015
Prominent Insurance Attorney Joins Baker & McKenzie
His insurance practice includes matters related to oil and energy for mutuals
04/22/2015
Boca Raton firm faces civil charges in $1 million precious metals case
The CFTC Complaint charges the Defendants with engaging in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.
04/22/2015
British man held over £500bn Wall Street 'flash crash'
The CFTC Complaint charges the Defendants with unlawfully manipulating, attempting to manipulate, and spoofing — all with regard to the E-mini S&P 500 near month futures contract
04/22/2015
Lombard Risk Winner of Custody Risk's Americas Award 2015 - 'Collateral Services Provider of The Year'
The Custody Risk Americas Awards 2015, hosted by Custody Risk Magazine, took place at the Marriott Marquis in New York City.
04/22/2015
Klayman & Toskes, P.A. and Carlo Law Offices File Claim Against UBS
The securities arbitration claim alleges that the Claimant is a retiree who lives on a fixed income
04/22/2015
FDIC Calls for Better Deposit Insurance Record Keeping at Big Banks
Timely access to insured deposit is critical to maintaining public confidence in the banking system
04/22/2015
Bank of America’s deputy general counsel to join Moore & Van Allen
O’Keefe is a highly distinguished member of the financial and legal community
04/22/2015
Ropes & Gray Enhances Asset Management Practice in Chicago
“The addition of Paul and Paulita to our Chicago office further aligns with the firm’s core strength in the investment management space and adds substantial depth of experience to our Midwest and national service offering,” said Asheesh
04/22/2015
Former President of Investment Adviser Association, to Join Ropes
The firm and its investment adviser and investment fund clients will benefit from his extensive experience with securities law and policy issues relating to the investment management industry.
04/22/2015
2 convicted of fraud in $147 million Ponzi scheme
Christopher Cafaro, Grace Cucchissi, and King led the prosecution for the U.S. Attorney’s office
04/21/2015
BlackRock to pay $12 mln in SEC conflict of interest case
A top senior compliance officer at BlackRock Advisors at the time, Bartholomew Battista, agreed to a related $60,000 penalty, the SEC said.
04/21/2015
Ex-ForceField Energy Chairman Faces Stock Scheme Charges
Trading in the alternative-energy company’s stock was halted Monday morning after falling 22 percent at 10:21 a.m.
04/21/2015
Clyde & Co Announces 2015 Partner Promotions
Clyde & Co is delighted to announce 24 partner promotions across its international network