02/03/2013
BlackRock Sued by Funds Over Securities Lending Fees
Defendants have systematically violated their fiduciary duties
Legal, Regulation & Compliance
02/02/2013
Rothwell Figg welcomes veteran litigator
He is a past president of the International Trade Commission Trial Lawyers Association.
01/31/2013
Prominent NY prosecutor enters private practice
He joins a growing list of government lawyers who have left public service for private practice.
01/31/2013
Credit Suisse loses bid to sever ex-National Century CEO from trial
Scheduled trial court ruling result.
01/31/2013
Cantor & Webb P.A. Shortlisted for Prestigious Industry Award
The PAM Awards are designed for investment professionals, wealth advisors and legal advisors operating within the private asset management and/or legal industry.
01/31/2013
U.S. Is Preparing More Tax-Evasion Cases
The U.S. is expanding its crackdown of offshore tax evasion
01/30/2013
Near-80-Year-Old Millionaire Pleads Guilty to Offshore Tax Evasion
An elderly heiress and charity benefactor pleaded guilty in a Florida courtroom
01/29/2013
Banks Believe Dodd-Frank 1073 Will Have Negative Impact, According to Fundtech Survey
Conducted in December 2012, the survey showed that nearly 90% of banks expect that Dodd-Frank 1073 will have a negative impact on their payments businesses.
01/29/2013
US pushes for criminal charges for RBS over Libor
RBS executives are resisting any guilty plea
01/28/2013
UBS Told by U.S. Judge to Give IRS Data on Wegelin
Those records will allow U.S. authorities to determine who held assets at Wegelin
01/28/2013
Ex-Jefferies Trader Accused of Fraud
Federal prosecutors in Connecticut have accused Jesse C. Litvak, 38 years old, of misleading investors
01/28/2013
Private Client Group transfers more than $1.2 billion in assets
Under the laws in place in 2012, an individual could transfer up to $5.12 million free of estate and gift tax
01/27/2013
Credit Suisse could owe $2 billion in National Century fraud: judge
Credit Suisse Group Inc faces a potential $2 billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises, a result of a federal judge's determination on how to apportion responsibility.
01/27/2013
Former Global Wealth Management Firm Employee Arrested on Insider Trading Charges
Kevin Dowd, 37, of Boca Raton, Florida, is charged by criminal complaint with conspiracy to commit securities fraud.
01/22/2013
The Noose is Tightening on Offshore Tax Evasion
"For those US Taxpayers using foreign bank accounts, the noose is tightening," says FBAR Tax Attorney, Anthony Verni.
01/22/2013
Fenergo’s FATCA solutions profiled in Datamonitor’s latest research
The financial services industry is facing a dilemma
01/16/2013
Foreign Banks Rejoice: Overreaching U.S. Tax Law in Trouble
The penalty of not complying with FATCA will be that the institutions need to impose a 30% tax on non-compliant transfers or payments.
01/14/2013
The Boom Years Are Not Coming Back, Get Used to It
Firms "can no longer rely on a rising tide that lifts all boats," the co-authors write. "In fact, the tide is out."
01/14/2013
Morgan Stanley Seeks $10 Million From Convicted Ex-Trader
Serving five years in prison, he was a hedge fund manager at Morgan Stanley’s FrontPoint Partners LLC.
01/14/2013
The case of Patricia Cornwell’s missing millions
The notoriously private author Patricia Cornwell, a titan of crime fiction, watched in court on Monday as her luxurious lifestyle was laid bare like the resolution to one of her plots.