11/03/2022
Choreo Inks Deal for $1.8B RIA Enso Wealth Management
Choreo had $9.6 billion in regulatory assets under management as of its its latest Form ADV, filed in July.
Legal, Regulation & Compliance
10/31/2022
Kroll Named Best Regulatory and Compliance Firm at Private Equity Wire US Awards 2022
Pre-selection for these awards was provided by Bloomberg and based on annualized performance over a 12-month period from May 31, 2021, to May 31, 2022.
10/31/2022
Convicted LIBOR rigger Tom Hayes has US charges thrown out
Served over five years
10/28/2022
TD Asset Management Inc. Announces Risk Rating Change to the TD Global Technology Innovators Index ETF
This risk rating change is based on the standardized risk classification methodology mandated by the Canadian Securities Administrators
10/27/2022
SEC Proposes New Rule for Investment Advisors Who Outsource Essential Functions
The commission approved the proposal by a three-to-two party-line vote with the two Republican commissioners voting against the measure
10/26/2022
Bill Hwang Urges End to SEC Lawsuit Against «Legitimate» Practices
The SEC declares unlawful a number of practices that have long been accepted as entirely legitimate and commonplace in the market,» Hwang indicated in his filing.
10/26/2022
Deceptive fund name crackdown puts investment managers on edge
SEC proposal criticised as ‘unhelpfully blunt’ measure that could discourage stockpicking
10/21/2022
End of the Rate Hike Cycle in Sight: Manager
PenderFund’s fixed income specialist argues central bank tightening nears an end and the prospects for high-yield bonds are improving.
10/18/2022
Credit Suisse Group Reaches Settlement in RMBS Legacy Case
The settlement, for which Credit Suisse is fully provisioned, marks another important step in the bank’s efforts to pro-actively resolve litigation and legacy issues.
10/17/2022
CACEIS and Royal Bank of Canada sign a Memorandum of Understanding on the proposed acquisition of RBC Investor Services operations in Europe
This would include custody, global custody FX, fund administration, transfer agency, middle office and securities lending.
10/17/2022
Carey Olsen advises Colombia-based social commerce start-up Elenas on a Series B funding round
Carey Olsen's corporate team in the Cayman Islands has advised Elenas on its latest $20 million funding round.
10/14/2022
LGT Navigator: Federal Reserve remains undeterred
US Stock markets continued to slide on Wednesday after the Federal Reserve once again reaffirmed its restrictive monetary policy course.
10/14/2022
Roth IRAs Remain Attractive Planning Tools Despite Recent Bills
The Roth IRA is a popular and often effective tax and retirement savings tool for a wide range of taxpayers.
10/12/2022
RBC under investigation by Competition Bureau over climate claims
Competition Bureau spokesperson Marie-Christine Vézina confirmed an investigation into RBC's alleged deceptive marketing was initiated at the request of six Canadian residents.
10/11/2022
Financial adviser guilty of fraud in case related to client’s murder
He was found by his wife when she returned to their home near Dallas on the evening of Feb. 19, 2020.
10/07/2022
Snapshot: considerations for Chilean pension funds investing in offshore funds
In some circumstances, there can be time-pressure to obtain the confirmations in order to meet the investment closing deadline.
10/07/2022
Ogier Leman advises creative agency Connelly Partners on cross-border acquisition of Zoo Digital
The advisory team included partner Dominic Conlon, head of Corporate, and associate Aaron Kelly.
10/07/2022
Celsius execs cashed out $21 million before bankruptcy
The next hearing for Celsius is scheduled for later today, the 7th of October.
10/06/2022
FINRA Fines Barclays Capital Inc. $2 Million for Best Execution Violations
FINRA included best execution as a topic in its 2022 and 2021 FINRA Examination and Risk Monitoring Program reports, as well as its 2020 and 2019 Annual Risk Monitoring and Examination Priorities letters.
10/05/2022
UBS Hit with Another US Fine
Although UBS conducted annual reviews of its systems, it failed to identify the improper treatment of shares associated with long-selling activities by clients.