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
The general mood among the speakers and delegates was that the increased transparency created by FATCA
05/08/2014
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
The regulator has not accused any of the banks of wrongdoing, the paper said.
05/07/2014
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
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
Credit Suisse is one of over a dozen Swiss banks under criminal investigation in the United States
05/02/2014
Bank of America is among at least eight banks under investigation for misleading investors
05/01/2014
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
The move comes as the U.S. Justice Department ramps up its investigations of Swiss banks
04/30/2014
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
Companies that have a WKSI status enjoy numerous benefits
04/29/2014
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
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 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
The settlement is the latest move in Mr. Schneiderman’s broader crackdown on the Wall Street executives
04/28/2014
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
Jones and Davis set up Certus in 2010