11/07/2013
Latham makes up six London associates in global promotion round
Associate promotions cover diverse markets and practice areas
Legal, Regulation & Compliance
11/07/2013
Ex-ICAP Brokers Said to Face U.K. Prosecutors in Libor Probe
Three former ICAP Plc brokers charged in the U.S. over their involvement in Libor-rigging will be interviewed by U.K. prosecutors within weeks
11/07/2013
PwC Ordered To Face Fraud Claim Over Lipper Hedge Fund Collapse
A federal appeals court on Friday said PricewaterhouseCoopers LLP must face a securities fraud lawsuit by investors who accuse it of missing red flags when it audited a hedge fund whose portfolio manager eventually went to prison.
11/06/2013
SEC Charges New York-Based Audit Firm and Four Accountants for Failures in Audits of China-Based Companies
One of the companies they audited China Sky One Medical Inc. – has since been charged by the SEC with financial fraud.
11/06/2013
SEC Charges Royal Bank of Scotland Subsidiary with Misleading Investors in Subprime RMBS Offering
The Securities and Exchange Commission today charged RBS Securities Inc
11/05/2013
BlackRock, Fidelity Face Initial Risk Study by U.S. Regulators
BlackRock Inc. and Fidelity Investments will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers pose a potential risk to the financial system
11/04/2013
Hedge Fund Agrees Record $1.8bn Insider Dealing Fine
The payment fails to altogether remove the cloud hanging over boss Steve Cohen however, with investigators continuing to study his trading history
11/03/2013
Greed Sometimes Is Not Good': Billionaire Steven Cohen's Hedge Fund Reaches $1.8 Billion Plea Deal
Federal prosecutors announced a record $1.8 billion insider trading penalty against billionaire Steven A. Cohen’s embattled SAC Capital on Monday
11/03/2013
UBS whistle-blower settles dispute over $104m payout fee
Bradley Birkenfeld, the former UBS private banker who exposed how the bank helped Americans evade taxes, settled legal disputes with a law firm that claimed it was owed $13m of his $104m whistle-blower award.
11/03/2013
UPDATE 1-Bank of America wins dismissal of lawsuit on AIG disclosures
Bank of America Corp has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc.
11/03/2013
Mishcon Appoints new Family Partner
Her expertise includes advising on asset preservation and protection both in the UK and offshore
10/31/2013
Fannie Mae Wades Into Libor Fight
The US lender is suing nine banks, including several in the UK and Europe, for £500m in damages.
10/30/2013
Merrill Lynch fined over rogue broker
Massachusetts securities' regulators fine the brokerage giant $500,000 for failing to stop a rep from defrauding clients
10/28/2013
SEC Fines Wellesley Wealth Management Firm for Failing to Protect Client's Money
The Securities and Exchange Commission has fined a Wellesley-based wealth management company $250,000 for not properly protecting its clients' money
10/27/2013
Fund managers face £3bn hit if sell-side research is banned
Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive
10/27/2013
Revealed: Citigroup to Shake Up Panel With Reduced Roster
Citigroup will announce details of its eagerly-awaited revamped panel early next month
10/27/2013
Trinidad & Tobago To Sign Pact With IRS
In its most recent Financial Stability Report released October 16, covering up to June, the Central Bank said that this will happen as T&T and other Caribbean countries move to comply with the US’ Foreign Account Tax Compliance Act.
10/27/2013
SEC Charges Three Firms With Violating Custody Rule
The majority of investment advisers do not maintain custody of client assets, which are instead held by qualified third-party custodians like a bank or broker-dealer
10/27/2013
Billionaire's hedge fund could pay $1B fine in fraud case: sources
A deal could be announced as early as this week, people familiar with the matter said.
10/23/2013
U.S. Sets Bank Liquidity Plan, Says Tougher than Basel
U.S. regulators unveiled a plan on Thursday for banks to hold enough assets they can easily sell to survive a credit crunch