12/23/2014
F-Squared Investments Inc, one of the largest marketers of investment products using exchange-traded funds, has agreed to pay $35 million to settle U.S. regulatory charges that it defrauded investors through false performance advertising.
12/23/2014
The SEC’s investigation, which is continuing, is being conducted by Lance Jasper and Spencer Bendell in the Los Angeles Regional Office.
12/23/2014
The Securities and Exchange Commission today charged a California-based attorney and his wife with insider trading on confidential information obtained from a corporate client.
12/23/2014
The agency obtained a court order to freeze assets in the U.S. brokerage accounts used to conduct the trading.
12/23/2014
A former Edward Jones financial advisor allegedly stole more than $160,000 from a disabled client, according to federal authorities.
12/23/2014
A plan by the U.S. Securities and Exchange Commission to widen the minimum trading increments of some small-cap stocks to test if that would spur more trading could end up harming mom-and-pop investors
12/22/2014
The courtroom victory of the only Swiss banker to beat the U.S. in a trial over offshore tax evasion may embolden other indicted financial workers to leave a legal limbo some have occupied more than five years.
12/22/2014
Lawyers from Mayer Brown, Sidley Austin and Ogletree Deakins all give back in different ways
12/21/2014
Scotiabank announced today that its subsidiary in Peru has reached an agreement to acquire the retail and commercial banking operations of Citibank in Peru, subject to regulatory approval.
12/21/2014
Megabank JPMorgan Chase & Co. Chase has had to deal with numerous regulatory and criminal problems over the last decade.
12/19/2014
Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINR
12/18/2014
The firm failed to properly vet some 220,000 new client accounts, Finra said
12/18/2014
The U.S. financial risk council on Thursday requested information on asset managers' key risks as part of an attempt to determine whether the industry poses a threat to markets.
12/18/2014
A U.S. credit union regulator has filed a lawsuit against two major banks over shoddy mortgage securities they sold during the run-up to the financial meltdown.
12/17/2014
The alleged fraud unraveled when the firm accidentally sent a loan statement to a college roommate of Thibeault in Arizona
12/17/2014
Banks and financial institutions are planning an aggressive push to dismantle parts of the Wall Street reform law when Republicans take control of Congress in January.
12/17/2014
BTG Pactual entered Chile with the $600 million acquisition of brokerage firm Celfin Capital SA in February 2012, but until now has not been allowed to operate in Chile under its own platform.
12/17/2014
The Supreme Court has quashed an earlier decision by a commercial court , that dismissed an application by Republic Bank to strike out a suit filed by HFC Bank.
12/16/2014
Yankee great Jorge Posada has sued his money agents for allegedly duping him out of $11.2 million — stealing a major chunk of his wealth just three years after he retired from baseball.
12/16/2014
The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc (BARC.L).