10/01/2014
The Securities and Exchange Commission today charged Bank of America Corporation with violating internal controls and recordkeeping provisions of the federal securities laws after it assumed a large portfolio of structured notes and other financial instru
10/01/2014
If a U.S. regulator has its way, Daniel Shak will soon have more time to focus on gambling at poker tables and none at all to spend betting on derivatives.
10/01/2014
The head of a US Treasury office that has handed down a series of large fines against banks for violating economic sanctions, pledged that he is not “looking for a scalp or to raise up a victory flag”.
10/01/2014
Investment advisers are held to a higher "fiduciary" duty
10/01/2014
They said they acted in Barclays’s interest.
09/29/2014
A U.S. judge said Friday he would allow Citigroup Inc to process a disputed $5 million payment by Argentina on bonds issued under its local laws following its 2002 default.
09/29/2014
The Securities and Exchange Commission today announced insider trading charges against two former Wells Fargo employees involved in an alleged scheme to profit by buying or short selling a stock before research analyst reports were published containing a
09/26/2014
Big banks’ prayers for a halt to new regulation have fallen on deaf ears
09/26/2014
As part of an effort to head off the next crisis, regulators are asking what role the industry plays in a healthy financial system.
09/26/2014
The tremendous fines paid by the banks for flogging dud mortgages to investors brings to mind the droll quip
09/26/2014
Since the financial crisis, it has become commonplace to argue that banks should be run as utilities, not casinos.
09/25/2014
Swiss Bank Agrees to Pay $850,000 for Unregistered Trading
As part of the settlement agreement, the respondents have agreed that they breached securities laws regarding registration requirements.
09/25/2014
A convicted hedge-fund fraudster will have to serve out one of the longest-ever sentences for running a Ponzi scheme.
09/25/2014
The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act
09/24/2014
Quan and his companies invested hedge fund money in Petters' scheme
09/24/2014
Accredited investors now have greater access to hedge funds once available only to the wealthy elite.
09/24/2014
After its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.
09/24/2014
A townhouse battle on the Upper East Side spilled into court Tuesday when a retired publishing exec slammed his hedge fund neighbor with a $20 million suit over a three-year renovation.
09/23/2014
A New York-based private equity advisory firm will pay $2.3 million to settle civil charges that it breached its fiduciary duty to two funds by improperly allocating certain expenses in their company portfolios
09/23/2014
The SEC lifted its 80-year-old ban on hedge-fund advertising last year