11/29/2012
SEC charges four Indian brokerage firms with registration violations
"These four firms and all other foreign broker-dealers must educate themselves on the U.S. laws and regulations when they provide services to U.S. investors."
Legal, Regulation & Compliance
11/29/2012
Insider-Trading Probe Looms Over Hedge Fund Titan
For years, since the SEC began its far-reaching investigation into insider trading within the hedge fund universe, its probe has led to civil and criminal charges against former SAC traders and investment managers.
11/28/2012
China central bank official slams U.S. tax dodging law
A new U.S. anti-tax-evasion measure imposes unfair costs on foreign banks and clashes with Chinese law
11/28/2012
Linklaters reopens in Washington DC after decade-long hiatus
The firm becomes the last of the magic circle excluding Slaughter and May to make an entrance in the city
11/26/2012
Morgan Stanley Wins Unfair Competition And Raiding Case Against Robert W. Baird
Claimant sought compensatory damages, punitive damages, attorneys’ fees, and costs against Respondent Baird.
11/25/2012
Norton Rose chief gears up for post-merger expansion in New York and LatAm
Firm head Martyr sets out plans to grow New York base and launch in Brazil following tie-up with Fulbright
11/21/2012
CFTC Fines Cantor Fitzgerald for Customer-Fund Violation
Cantor also charged for failing to timely notify the CFTC of under-segregation
11/20/2012
Ex-hedge fund trader charged in $276M insider ploy
Mathew Martoma was charged in U.S. District Court in Manhattan with using confidential information about an Alzheimer's disease drug trial
11/20/2012
Coerced Foreign Tax Compliance Is Killing American Jobs
The economy is not recovering as it should
11/20/2012
N.Y. Attorney General Sues Credit Suisse Over Alleged Crisis-Era Fraud
New York's attorney general accused Credit Suisse Group AG of an $11.2 billion fraud Tuesday
11/19/2012
FATCA Model 2 Agreement Released - Withers
Model 2 essentially builds upon the foundation of Model 1 with some significant differences
11/18/2012
New bank stress test includes Asian slowdown
The Federal Reserve provided the country's 19 biggest banks with its the guidelines for the 2013 stress test
11/18/2012
Credit Suisse announces settlement with SEC related to mortgage business
The SEC has advised that its investigation relating to Credit Suisse’s due diligence and corresponding disclosures on historic RMBS transactions will not be pursued.
11/15/2012
A Primer on the Foreign Account Tax Compliance Act (FACTA)
In 2010, the Foreign Account Tax Compliance Act (FACTA) was passed. In essence, it is a program aimed at uncovering undeclared income hidden by Americans in banks around the world.
11/15/2012
JP Morgan banned from trading electricity in the US
JP Morgan has been banned from trading electricity in the US after a regulator accused the bank of making "egregious" misrepresentations during an investigation into alleged market manipulation.
11/15/2012
JPMorgan Faces Order on Anti-Money Laundering, WSJ Says
The Office of the Comptroller of the Currency will give the cease-and-desist order
11/14/2012
HSBC Settles First Suit Over Madoff Feeder Fund
The UCITS fund in question, Thema International Fund, has sued HSBC itself, seeking the roughly €1 billion it lost when Madoff was arrested.
11/13/2012
Wilmer's private client group headed to Boston-based law firm
It is anticipated that the partners will be accompanied by associates and other staff, and that WilmerHale's entire Private Client Practice will move
11/13/2012
Ivy Asset Management to pay $210 million to settle Madoff suits
Officials have reached a $210 million settlement with Ivy Asset Management
11/11/2012
Wall Street delays Basel III in threat to London
Wall Street banks will not meet a January deadline to begin implementing new global capital rules, potentially handing New York an advantage over London as the financial centres vie for dominance.