10/23/2012
SIFMA Chair Calls For Improved Transparency, Risk Management
Raymond James executive Chet Helck called for a year of working to restore public trust and confidence
Legal, Regulation & Compliance
10/23/2012
Global law firm launches cross-border listings app for Apple devices
The free app, available now on the App Store, is an interactive and robust legal tool designed to help investment bankers, CFOs, in-house counsel and other members of management as they consider global listing options.
10/21/2012
FDIC closes bank in Florida raising total number of bank failures in 2012 to 44
The total DIF for failed banks this week is $36.1 million dollars
10/21/2012
U.S. Prosecutors Want Corporate Crook Rajat Gupta Jailed For Ten Years
“Gupta held positions of extraordinary privilege and prestige,” said Assistant US Attorney Richard Tarlowe in a court filing Wednesday, according to the Wall Street Journal.
10/17/2012
William Galvin goes after Putnam Investments
Massachusetts’ top financial cop cracked down on Putnam Investments yesterday
10/17/2012
SEC Charges Hedge Fund Adviser and Two Executives with Fraud
Edward Schinik enticed pension funds
10/16/2012
Morgan Stanley facing discrimination lawsuit
The lawsuit, which seeks class-action status, was filed Monday by the American Civil Liberties Union and others on behalf of five Detroit residents and Michigan Legal Services.
10/16/2012
Ex-UBS, Credit Suisse Banker Set to Change Plea
Prosecutors charged Bagios last year with helping 150 American clients hide as much as $500 million
10/15/2012
Deutsche Banker Spoke of Bath-Salt Use Days Before Police Run-In
The claim is a necessary step before filing a lawsuit. Read more: http://www.sfgate.com/business/bloomberg/article/Deutsche-Banker-Spoke-of-Bath-Salt-Use-Days-3951467.php#ixzz29RLsbAD5
10/14/2012
Morgan Stanley Banker Won’t Face Hate Crime Charges in Cabbie Stabbing
The Connecticut banker accused of stabbing a New York City cab driver
10/14/2012
Two grad students discovered Libor rate rigging in 2010
Students Connan Snider and Thomas Youle were repeatedly turned down by academic finance journals
10/14/2012
Akin Gump to Add Seven-Partner Team in Dallas
Akin Gump Strauss Hauer & Feld has announced that a seven-partner team will be joining the firm’s Dallas office.
10/14/2012
Dodd-Frank? Not Such a Drag After All
The law requires them to register with the Securities and Exchange Commission
10/11/2012
Linklaters acts as Lehman Brothers edges closer to mass pay-out
Linklaters has helped secure a crucial agreement in the Lehman Brothers
10/11/2012
Ex-UBS Client Avoids Prison in Offshore Tax Case
The U.S. charged at least 50 taxpayers with tax crimes since 2009, when UBS avoided prosecution by paying $780 million, admitting it helped thousands of Americans evade taxes and turning over the names of 250 American clients to U.S. authorities. UBS, bas
10/08/2012
Channel Islands & IOM to negotiate FATCA agreements
The Governments of Guernsey, the Isle of Man and Jersey are today (9 October 2012) simultaneously announcing their intention to negotiate partnership agreements with the United States of America to implement FATCA.
10/07/2012
Credit Suisse probed by U.S. over mortgages: sources
Credit Suisse was a big player in the residential mortgage-backed securities market until the housing bust in 2007 Read more: http://www.foxbusiness.com/news/2012/10/04/credit-suisse-probed-by-us-over-mortgages-sources/#ixzz28cZlrChy
10/04/2012
A Hedge Fund Has Physically Taken Control Of A Ship Belonging To Argentina's Navy
The hedge fund, run by the US billionaire Paul Singer, has been closely monitoring the course of the Libertad, according to sources familiar with the firm.
10/04/2012
SEC charges hedge fund managers with defrauding investors
SEC targeting what it calls "hedge fund-related misconduct"
10/04/2012
Simmons & Simmons secures US alliance to boost funds practice
The non-exclusive alliance will focus on the firms’ hedge fund and asset management practices in London, New York and Hong Kong.