03/04/2013
Finra Fines Ameriprise, Clearing Unit $750,000 For Lack of Supervision
Ameriprise and AEIS neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
Legal, Regulation & Compliance
03/03/2013
Ex-lawyer jailed in largest US tax fraud
US District Judge William H Pauley III sentenced 52-year-old Donna Guerin after she pleaded guilty to conspiracy
03/03/2013
Ernst & Young to pay $123m to settle US tax shelter probe
Ernst & Young has agreed to pay $123m to resolve a US federal investigation
03/03/2013
Merrill Lynch Hit With $8.5 Million Wrongful Termination Case
Ultimately, Claimant sought $6 million in compensatory damages; $2.5 million in punitive damages
02/27/2013
Connecticut hedge fund managers arrested on fraud charges
"Hedge fund managers who put greed ahead of full disclosure to investors violate a fundamental trust."
02/27/2013
Panel orders Morgan Stanley to pay $1.5 million to two brokers
An arbitration panel denied Morgan Stanley Smith Barney's request to claw back compensation from two brokers
02/27/2013
UBS Client, 78, Charged With Tax Evasion in Illinois Case
Troost transferred income to his UBS account, evading payment of at least $193,641 in taxes from 2007 to 2009
02/26/2013
Handler Thayer, LLP Named Best Private Client Law Firm In The United States For 2013
The 2013 PAM Awards event, held at Cipriani's 42nd Street Ballroom in New York, attracted a large number of wealth industry professionals from across the United States.
02/26/2013
Gibson Dunn, Shearman and Proskauer unveil 2012 financial results
Gibson Dunn posted an impressive rise in revenue
02/26/2013
New Stream Fund Executives Charged With Securities Fraud
It goes without saying that investing carries certain risks
02/25/2013
international law firm boosts private client division
She will be joined from her previous firm by Of Counsel Edward Peck
02/24/2013
Credit Suisse faces U.S. probe into mortgage products
The U.S. Attorney's Office in New Jersey is investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, according to people familiar with the matter.
02/24/2013
Morgan Stanley Sued by Ex-Employee Over Alleged Arbitration Ploy
He claims that in July 2012 he learned the firm had assigned the note to a different Morgan Stanley entity prior to the arbitration and had no right to pursue him over it.
02/21/2013
Canadian Securities Regulators' Enforcement Report Highlights Fraud
"CSA members work hard to combat securities fraud and we place particular emphasis in our enforcement work on the violations that constitute fraud."
02/21/2013
Taylor Wessing plays role in NASDAQ Dubai exchange advisory group
the advisory group discussed ideas about regulatory models and the ideal practical framework to attract issuers.
02/21/2013
Goldman private wealth client holds suspect Heinz account-filing
The U.S. Securities and Exchange Commission filed a lawsuit against unknown traders last week
02/21/2013
Team of 4 Linklaters lawyers joins Pepper Hamilton’s growing white-collar practice group
Earlier this month, the firm named former FBI director Louis Freeh as its new chairman
02/21/2013
JPMorgan raises questions about lawyer at New York AG's office
The case against JPMorgan is similar to one that the lawyer had worked on before joining the Attorney General's office
02/20/2013
Author Awarded $51 Million From Money Manager
She claims the firm cost her $15 million for missing a deadline.
02/19/2013
Withers to launch international family consulting group
Withers is to launch a consultancy group following client demand for a service that will help family-run businesses resolve arguments.