02/26/2015
Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement
Morgan Stanley agreed to pay $2.6 billion to settle probes into its creation and sale of residential mortgage-backed securities
Legal, Regulation & Compliance
02/26/2015
Ex-hedge fund manager who cooperated in Galleon probe avoids jail
Swain also praised Hardin for cooperating immediately upon being approached in 2008 by federal agents
02/26/2015
Bank of America VP Pleads Guilty
He admitted that neither borrower qualified for the loans because they did not meet the bank's underwriting requirements
02/26/2015
US judge orders JPMorgan, Deutsche to give Argentine bond papers
Deutsche Bank and JPMorgan were ordered by U.S. District Judge Thomas Griesa to "immediately produce to NML's counsel
02/26/2015
Argentina shelves dollar-denominated bond sale
The new debt was to be issued under Argentine law to non-U.S. investors to avoid legal risks in the United States
02/25/2015
What Are the Risks Associated with Quiet Disclosures? FBAR - Report of Foreign Bank and Financial Accounts
Beginning in 2008, the IRS began a high profile campaign of pursuing taxpayers with unreported offshore accounts
02/25/2015
Regulator Targets Canada’s CIBC
Risk management faulted at Canadian Imperial Bank of Commerce; bank warned on acquisitions
02/25/2015
Ex-hedge fund analyst pleads guilty in NYC to copying trading code
A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer
02/25/2015
Swiss bank flags far lower penalty to settle U.S. tax probe
Swiss private bank said on Wednesday it expects a far lower than expected U.S. fine after coming clean on helping wealthy Americans evade taxes
02/24/2015
Obama: Financial advisers must act in clients' best interest
President Barack Obama on Monday proposed tougher regulations on investment brokers who handle retirement funds
02/24/2015
Marijuana Investing Update – Here Comes the Judge!
To be a good investor you have to know about the company, the industry, the macro-economics, and the legal context in which the investees operate.
02/24/2015
US launches probe into alleged gold rigging by banks
It also said the Commodity Futures Trading Commission had subpoenaed HSBC Bank USA for documents related to its precious metals trading.
02/23/2015
American Express Slapped With Charges Of Violation Of U.S. Anti-Trust Laws
American Express Company has been found guilty of antitrust violations by a federal judge Nicholas Garaufis in New York.
02/23/2015
Ex-Barclays brokers can keep nearly $4 million in bonus money -panel
Two former Barclays stockbrokers can keep nearly $4 million in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms.
02/23/2015
Bank of America chips away at brokerage industry truce
Lawyers said this policy chips away at the decade-old truce among brokerages known as the Protocol for Broker Recruiting
02/23/2015
Looming Bank Rules Haunt Insurers
Insurance companies could struggle under proposal meant to make lenders safe enough to fail
02/23/2015
Court appoints receiver to take over Jacob Keith Cooper hedge fund
The Securities and Exchange Commission (SEC) also accused him of inflating the fees to client accounts to pay for his legal and other expenses without telling his investors.
02/22/2015
US SEC to release more guidance on how it grants regulatory waivers
Elizabeth Murphy, an associate director for the Securities and Exchange Commission's Corporation Finance division, revealed the agency's plans Saturday
02/20/2015
Fed approves IberiaBank's $90 million Florida Bank deal
The Federal Reserve has approved IberiaBank's plan to purchase Florida Bank Group for $90 million in cash and stock
02/19/2015
Interactive Brokers must pay $667,000 for portfolio selloff mishap -panel
Firms generally require the value of securities in margin accounts to stay above a certain amount