03/09/2015
Banker Settles with SEC for Role in Olympus Scandal
According to the SEC, these entities purchased poorly performing investments from Olympus with bank loans secured by assets owned by Olympus.
Legal, Regulation & Compliance
03/09/2015
Swiss banks drawn into Petrobras scandal
Documents released by a Brazilian court have outlined the alleged use of Swiss bank accounts for the payment of bribes in the Petrobras scandal
03/05/2015
Google, Apple and Microsoft keep billions overseas
Additionally, the overseas profits of Microsoft, Apple and Google grew substantially in 2014
03/05/2015
Horgan, Rosen, Beckham & Coren serves as Legal Counsel to Pan American Bank to merge with Finance and Thrift Company
This merger was negotiated on behalf of Pan American
03/05/2015
U.S. Regulator Pushes Reforms for Microcap Market-Making Brokers
A top U.S. regulator is calling for new rules for brokers who make markets in over-the-counter microcap stocks, saying the current regulations are lax and may lead to poor-quality pricing.
03/05/2015
Circlenet CEO gets four months in prison for hiding money in Swiss bank
By 2006, the internet entrepreneur's UBS account held nearly $1.1 million
03/05/2015
The Referral Power Of Divorce Attorneys
Affluent clients often need additional services during and post-divorce.
03/04/2015
Top U.S. regulators request more time in MetLife lawsuit
U.S. regulators on Tuesday asked for more time to react to a complaint by MetLife (MET.N) over their decision to subject the insurer to tougher oversight
03/04/2015
J.P. Morgan, Justice Department Reach $50 Million Robo-Signing Settlement
Bank to make payments to more than 25,000 homeowners
03/03/2015
Judge Calls for Billionaire tycoon to Pay $299M in Fraud Suit
Billionaire tycoon and his brother's estate owe more than $299 million in a Securities and Exchange Commission fraud action
03/03/2015
Bank of America pays $155,000 in settlement
The Minnesota Human Rights Act prohibits businesses that offer credit and loans from discriminating against customers who have a disability
03/02/2015
Biggest Global Banks Shrink Under Pressure From Regulators
Global regulators have issued dozens of rules aimed at making the biggest banks safer
03/02/2015
Bloomberg BNA Publishes Guide On Technology Law In Financial Services
"FinTech Law" goes into great detail on the current state of the industry
03/02/2015
Bitcoin Investment Trust Gets FINRA Green Light to Trade
The Bitcoin Investment Trust, which is only open to high-income and institutional investors, is expected to compete with a bitcoin ETF planned by the Winklevoss twins.
03/02/2015
Brooklyn Federal Prosecutor Moves to Debevoise
She has been a federal prosecutor for 14 years, starting in the District of New Jersey, then moving to the U.S. Attorney’s Office in the EDNY, where she worked for the past 11 years.
02/27/2015
U.S. Regulator Questions Banks About Dividend-Arbitrage Trading
Examination focused on a range of industrywide practices in the dividend-arbitrage space
02/27/2015
U.S. SEC Targets Asset Manager Conflicts of Interest - Investigator
Wall Street has come under heightened scrutiny by the Obama administration amid concerns about conflicts of interest
02/27/2015
Targeted by U.S. Prosecutor, Hedge Fund Fights Back
Now more than four years and dozens of insider trading convictions later, one of those funds — forced to close from the taint of the raid — is fighting back
02/27/2015
US commodity pool investment scammer receives eight year sentence
The criminal charges arose from his solicitation fraud and misappropriation of pool participant funds
02/26/2015
Meredith Whitney Says Lawsuit Is an Attempt to Destroy Her Fund
Meredith Whitney called billionaire Michael Platt’s efforts to withdraw his company’s investment from her hedge fund a “blatant attempt” to dissolve the operation in violation of an agreement between them