04/29/2014
Update 2-U.S. SEC official slams agency over deal struck with RBS
Companies that have a WKSI status enjoy numerous benefits
Legal, Regulation & Compliance
04/29/2014
Money Manager Admits to Operating $96 Million Ponzi Scheme
A New York money manager pleaded guilty to running a $96 million Ponzi scheme that was used to buy luxury homes and cars and to finance an unprofitable 117-unit resort in eastern Long Island, prosecutors said.
04/29/2014
House Votes To Give Banks a Volcker Rule Exception
The U.S. House passed a bill that would exempt some debt securities from the Volcker Rule, signaling that regulators would have support if they grant banks a similar exception.
04/28/2014
US Prosecutors take forex probe to London
US criminal prosecutors have flown to London to question individuals as part of their probe into the alleged rigging of foreign exchange rates in a sign that the stakes are getting higher for the traders involved in the sprawling probe.
04/28/2014
Ex-Finance Chief at Bank of America to Pay $7.5 Million in Settlement
The settlement is the latest move in Mr. Schneiderman’s broader crackdown on the Wall Street executives
04/28/2014
Ex-Barclays New York Traders Charged in U.K. Libor Probe
Three former Barclays Plc derivatives traders in New York were charged by U.K. prosecutors with manipulating Libor, becoming the first U.S.-based bankers to be accused in the British probe.
04/25/2014
Bank Execs. Say Hedge Fund Manager Racially Defamed Them
Jones and Davis set up Certus in 2010
04/25/2014
FINRA Wants B/Ds To Dig Through Advisors' Pasts
FINRA passed new rules Thursday requiring broker-dealers to perform background checks on incoming brokers.
04/25/2014
Veteran federal prosecutor to join leading corporate law firm
He is currently Chief of the Securities and Commodities Fraud Task Force in the U.S. Attorney’s Office
04/25/2014
Bank of America ex-CFO Joe Price agrees to settle NY lawsuit over Merrill: Report
Price also agreed to not serve as an officer or director of a public company for 18 months
04/24/2014
SEC wins asset freeze vs. ex-Santander exec in insider case
Jose Lopez, a partner at Perkins Coie, representing Cañas, did not immediately respond to requests for comment
04/24/2014
Regulator's Broker Bonus Disclosure Plan Riles Insurers
Insurance industry wants FINRA off its turf
04/23/2014
Ex-Bank of America employee avoids punishment in bid rigging case
The bank last year agreed to pay $20 million to resolve a related class action.
04/23/2014
US Fed study: Hedge funds amplify systemic risk
He found that standard approaches may overstate spillovers in normal times
04/22/2014
Ex-Hedge Fund Managers Seek Reversal Of Insider Convictions
Prosecutors say that the two were part of a “corrupt circle”
04/22/2014
Guess Who Makes More Than Bankers: Their Regulators
Averages tell only part of the story
04/21/2014
Rajaratnam’s brother loses bid to dismiss insider trading charges
Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.
04/17/2014
HSBC gets the go ahead to sue Deutsche Bank over reps and warrants
Judge denies motion to dismiss case from pre-crisis RMBS deals
04/17/2014
SEC Names Deputy Chief Litigation Counsel
This is not the same David Gottesman who is friends with Warren Buffet and a hedge fund billionaire in his own right.
04/16/2014
Hedge Fund Transparency Sets New Standard
Disclosure requirements mandated by the Dodd-Frank Act have made hedge funds more transparent than registered investment vehicles such as mutual funds and exchange-traded funds.