08/11/2013
UBS to pay $120m in Lehman Brothers row
UBS agreed to pay $120m to settle claims by investors in Lehman Brothers securities in a lawsuit tied to the investment bank’s 2008 collapse.
Legal, Regulation & Compliance
08/11/2013
Ex-Bank of America executive charged with trying to have his estranged wife of 24 years killed in murder-for-hire plot hatched to cover affair with his secretary
A former Bank of America executive from South Carolina has pleaded not guilty to charges in connection to a murder-for-hire plot targeting his estranged wife amid a contentious divorce.
08/08/2013
US prepares to charge London bankers in JP Morgan trades case
The charges would mark a dramatic escalation in the wake of the revelation last year
08/06/2013
Ex-Baker & McKenzie Partner Gets to 2 Years for Fraud
Former Baker & McKenzie LLP partner Martin Weisberg, who admitted to stealing from a client and taking part in a $55 million securities fraud, was sentenced to two years in prison, the U.S. said.
08/05/2013
Bank of America accused of fraud over $850m mortgage bonds
The suits accused the second-largest US bank of misleading investors about the risks of the mortgages tied to the securities.
08/04/2013
Finra fines Oppenheimer $1.4 million for AML violations
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Oppenheimer and Co., Inc.
08/03/2013
LME and Goldman face suit over metals 'monopolism'
The lawsuit alleges "anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices
08/02/2013
US regulators 'find evidence' of banks fixing derivative rates
US regulators have reportedly been handed evidence that traders at some of the world’s biggest banks manipulated a key rate for derivatives, pocketing millions at the expense of pension funds in the process.
08/01/2013
Finra Panel Slaps Citigroup Unit with $10.8M Judgment
An arbitration panel ordered Citigroup’s Global Markets unit to pay a customer $10.8 million for losses
07/29/2013
SEC charges analyst Sandeep Aggarwal in SAC Capital case
The analyst, who usually lives in India, had previously worked for Microsoft, and used information from one of his contacts at the technology giant to help Mr Lee profit from the deal, it is alleged.
07/29/2013
SEC sues ex-Santander executive, ex-Spanish judge for insider trading
The SEC is seeking to recover nearly $1 million of alleged illegal profit
07/26/2013
The shifting contours of OTC derivatives regulation
BNP Paribas Securities Services (BNP Paribas) provides the latest developments on EMIR, Dodd-Frank and the international policy framework with its latest document.
07/24/2013
Merrill Lynch managers are sexist against women: suit
Three female trainees, who were fired in early 2009 after the market collapsed, claim less-qualified men were kept on the job over them.
07/23/2013
Former UBS banker gets 18 months, $1 mln fine, for muni bid-rigging scheme
Former UBS AG banker Peter Ghavami was sentenced to 18 months in prison on Wednesday for his role in deceiving U.S. municipalities
07/23/2013
Goldman Sachs Executive David J. Greenwald Rejoins Fried, Frank, Harris, Shriver & Jacobson LLP As Co-Chair
Fried, Frank, Harris, Shriver & Jacobson LLP announced that David J. Greenwald, has agreed to rejoin Fried Frank in a leadership role.
07/22/2013
BNY Mellon survey: AIFMD will reduce choice and increase costs for fund managers and investors
New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive
07/21/2013
UBS Settles Mortgage Case for $745 Million
Swiss Bank UBS Reveals Latest in a series of Penalties to Settle Charges of Misconduct.
07/20/2013
Akin Gump expands pool of lawyers
Akin Gump Strauss Hauer & Feld is moving to bolster its cash reserves by expanding the pool of lawyers required to take an equity stake.
07/18/2013
SEC Rejects Settlement with Hedge Fund Billionaire
The Securities and Exchange Commission has rejected a preliminary settlement that its enforcement staff reached with hedge fund billionaire Philip Falcone
07/17/2013
Former Goldman Director Gupta Fined, Banned in SEC Case
Mr. Gupta, 64, is appealing his June 2012 conviction