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
Legal, Regulation & Compliance
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
04/21/2015
Fed Weighs Steps to Prevent ‘Regulatory Capture’ by Banks
The Federal Reserve, criticized by lawmakers for being too cozy with Wall Street
04/20/2015
Roadkill in the Fed’s Race to Regulate Shadow Banking
GE Capital saw the writing on the wall: Opportunities to innovate and compete would be smothered over time.
04/20/2015
Court Orders U.S. Mint to Return Famed Coins to Family
Government confiscated Double Eagle gold coins from Langbord family in 2004
04/20/2015
Morgan Stanley, New York in talks over $500 million deal to settle probe
Mortgage-bond pact deal to include consumer relief, some cash