11/07/2013
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
One of the companies they audited China Sky One Medical Inc. – has since been charged by the SEC with financial fraud.
11/06/2013
The Securities and Exchange Commission today charged RBS Securities Inc
11/05/2013
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
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
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
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
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
Her expertise includes advising on asset preservation and protection both in the UK and offshore
10/31/2013
The US lender is suing nine banks, including several in the UK and Europe, for £500m in damages.
10/30/2013
Massachusetts securities' regulators fine the brokerage giant $500,000 for failing to stop a rep from defrauding clients
10/28/2013
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
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
Citigroup will announce details of its eagerly-awaited revamped panel early next month
10/27/2013
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
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. regulators unveiled a plan on Thursday for banks to hold enough assets they can easily sell to survive a credit crunch
10/22/2013
A wealthy former vice president at Lehman Brothers is set to go on trial for biting
10/22/2013
One of the world’s worst-kept secrets was let out of the bag last week when Linklaters private equity partners Richard Youle and Ian Bagshaw resigned for White & Case.