03/08/2022
JPMorgan Fails In TRO Bid Against Wells Fargo Broker
The bank’s brokerage had sought the TRO and an injunction against Taulant Cela, a 15-year industry veteran who logged nine years at JPMorgan
Legal, Regulation & Compliance
03/04/2022
Harneys advises Citigroup Global Markets and J.P. Morgan Securities
The Harneys team was led by BVI Managing Partner Tanya Cassie-Parker
03/02/2022
SEC Reporting Changes: Accelerated Settlement Cycles
These changes are “designed to protect investors, reduce risk, and increase operational efficiency.
02/25/2022
US charges Infinity Q founder with billion-dollar valuation fraud
The indictment alleges that the Infinity Q founder mismarked the securities
02/24/2022
Ex-Goldman Sachs banker’s 1MDB trial to be paused on new evidence disclosure
Prosecutors reveal ‘inexcusable’ omission of 15,500 documents in second week of Roger Ng’s case
02/23/2022
US DOJ Continues to Position Itself as Preeminent Global Enforcement Agency for Virtual Currency and Digital Assets
To the extent one can forecast DOJ’s future enforcement activities from where it chooses to place talent and resources, it looks very clear that virtual currency and digitals assets are likely to remain a top-level priority of the department for som
02/23/2022
Brazil prioritises rate hikes and financial stability over growth
In February 2021, the Brazilian parliament approved a law that leaves the central bank’s governor, Roberto Campos Neto, free from the threat of being fired by the government
02/23/2022
Allianz sets aside $4bn to cover fund loss lawsuit, PMs exit firm
A portion of the money set aside in the accounts has been used to settle with one of the investors suing the firm over the funds’ performance.
02/18/2022
Amazon and Visa agree to end global dispute over credit card fees
Amazon has been piling pressure on Visa to lower its fees
02/18/2022
Tesla Tells Federal Judge That SEC Is Harassing Elon Musk, Tesla
In a letter, Tesla lawyers say the regulator hasn’t distributed a $40 million fine from a 2018 settlement to harmed shareholders
02/18/2022
The Corporate Transparency Act (CTA) is Coming: Creation of a U.S. National Beneficial Ownership Database
Below is a high-level summary of the requirements of the CTA, including who must comply, what data must be reported, when reports will be due, and what criminal and civil liability could accrue for noncompliance.
02/18/2022
Brazil's central bank will transfer $13.86 billion to the Treasury in March
The CMN is Brazil’s highest economic policy body, comprising Economy Minister Paulo Guedes, central bank chief Roberto Campos Neto and special Treasury and Budget secretary Esteves Colnago.
02/17/2022
US Treasury's AML report weighs against increased regulations in art market for now
Contrary to what many had expected, however, FinCEN concluded that there is limited evidence of money laundering and little risk of terror financing through the sale of high value art.
02/17/2022
Wendy Williams hires ex-husband’s legal counsel for lawsuit against Wells Fargo: ‘I’m sane!’
Wendy Williams seeks legal help from ex-husband Kevin Hunter’s firm in bid to unfreeze funds, prove sanity
02/16/2022
FINRA Publishes 2022 Report on Its Examination and Risk Monitoring Program
FINRA adds new topics for 2022 and new material to previously covered topics.
02/16/2022
1MDB scandal: US prosecutors allege ex-Goldman banker made millions
"The defendant saw an opportunity to make millions of dollars by cheating, and he took it,"
02/16/2022
SEC Charges 12 Additional Financial Firms for Failure to Meet Form CRS Obligations
With today’s actions, the SEC has now charged forty-two financial firms for failing to meet the obligations that are required
02/15/2022
SEC Proposes New Rules For Private Fund Advisers
Several of the Proposed Rules will also apply to investment advisers not registered with the SEC, including venture capital fund advisers, smaller private fund advisers and many non-US advisers.
02/11/2022
Chinese Exile Guo Wengui Held in Contempt, Must Pay $134 Million
The Lady May made the news in 2020 when Trump ally Steve Bannon was arrested on unrelated federal charges while on board the vessel
02/11/2022
Ex-JPMorgan FA Wins $1.4M in Defamation Case
JPMorgan discharged Luckett in June 2017