05/12/2014
Qatar's financial regulator bans, fines senior JP Morgan exec
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the Qatar Financial Centre over acts of "serious misconduct".
Legal, Regulation & Compliance
05/12/2014
BNP Paribas, Credit Suisse Seek Leniency in U.S., NYT Says
The U.S., which has been investigating Credit Suisse for at least three years into whether it helped Americans evade taxes
05/09/2014
BlackRock faces lawsuits over “disproportionately large” fees
Powerball-winning Florida adviser with stake in fund accuses firm of breaching fiduciary obligations
05/08/2014
Colorado lawmakers approve plan for pot banking
Colorado lawmakers approved the first financial system for the marijuana industry Wednesday
05/08/2014
Indian-origin executive charged with fraud in US
An Indian-origin executive at an investment advisory firm here has been charged by the US Securities and Exchange Commission with fraud and of siphoning investor proceeds to pay for his luxury car payments and settle other personal expenses.
05/08/2014
Law firm promotes island in the Big Apple
The general mood among the speakers and delegates was that the increased transparency created by FATCA
05/08/2014
Morgan Stanley Raises CLO Forecast as Volcker Headwinds Ignored
Concern that regulatory scrutiny will curb the market for collateralized loan obligations may have been overblown.
05/07/2014
Coutts braced for hit from US tax inquiry into Swiss bank clients
Coutts said it was ‘taking a judicious approach to its involvement’ with the US Department of Justice settlement
05/07/2014
U.S. SEC expands probe into top banks’ hiring in Asia: WSJ
The regulator has not accused any of the banks of wrongdoing, the paper said.
05/07/2014
UBS faces $5 million class action claim on Puerto Rico bond funds
Plaintiffs say the firm breached its fiduciary duty in selling proprietary funds that were not in the best interests of clients
05/07/2014
Hedge Fund Advisory Firm Accused Of Distributing Falsified Performance Results
The Securities and Exchange Commission today announced fraud charges and an asset freeze against a New York-based investment advisory firm and two executives for distributing falsified performance results to prospective investors in two hedge funds they m
05/06/2014
Morgan Stanley fined $5 million over retail sales of 83 IPOs
The regulator said the unit treated the phrases interchangeably, even though indications of interest lead to share purchases only if investors reconfirm them, while conditional offers to buy can result in binding share purchases unless investors revoke th
05/05/2014
U.S. wants Credit Suisse to plead guilty in tax dispute-report
Credit Suisse is one of over a dozen Swiss banks under criminal investigation in the United States
05/02/2014
BofA’s Estimated Excess Legal Costs Drop to $5 Billion
Bank of America is among at least eight banks under investigation for misleading investors
05/01/2014
Ex-Mizrahi Banker Said to Be Indicted in U.S. Tax Fraud Case
The bank wasn’t named as a defendant in the indictment filed yesterday in federal court in Los Angeles, which referred to “Bank A.”
04/30/2014
U.S. banks to help regulators in tax evasion probe - WSJ
The move comes as the U.S. Justice Department ramps up its investigations of Swiss banks
04/30/2014
Swiss Enabler to Plead Guilty in Credit Suisse Tax Case
The founder of a Swiss trust company that federal prosecutors say worked with Credit Suisse Group AG to help American clients evade taxes is expected to plead guilty today in Virginia, according to court records.
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
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.