06/27/2012
The U.S. Securities and Exchange Commission on Wednesday ordered convicted hedge fund manager Drew "Bo" Brownstein barred "from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfe
06/26/2012
Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving
06/25/2012
The justices rejected an appeal by a man, identified by the initials M.H., who was held in contempt of court for refusing to comply with a grand jury subpoena seeking records that foreign- account holders are required to keep under the federal Bank Secrec
06/24/2012
International law firm files class action suit against UBS
The complaint charges UBS and certain of its former officers and directors with violations of the Securities Exchange Act of 1934. UBS is a global financial services company.
06/24/2012
The change could mark a fresh start for Merrill after a disclosure by one of the previous lawyers likely damaged one of the brokerage's cases as it faces a growing pile of claims and more than $1 billion in estimated potential damages from pending ca
06/21/2012
The US legislation has worried foreign banks that have American clients as banks face penalties if they refuse to give the United States certain client information required under Facta.
06/21/2012
Merrill Lynch charged the fees to about 95,000 accounts between April 2003 and December 2011, FINRA said in a statement Thursday.
06/20/2012
The US wealth manager accused Kanas and Bohlsen for breaching the terms of certain non-compete arrangements, they entered into with Capital One in 2007.
06/19/2012
Liechtenstein, a country known for its banking secrecy laws, recently agreed to allow its second largest bank, Liechtensteinische Landesbank AG, to turn over U.S. client data to the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ).
06/18/2012
Ellen Pao says she complained repeatedly to partners about harassment and unfair treatment over a period of several years.
06/15/2012
The sentence was handed down Thursday by U.S. District Judge David Hittner in Houston.
06/15/2012
The Fed and the bank have entered into an agreement requiring the Commerzbank to take steps to clean up its anti-money laundering programs. The Fed did not fine the bank for the shortcomings.
06/15/2012
saying it lost $490 million in the Ponzi scheme, out of $725 million it invested. As one of the con man’s biggest losers
06/13/2012
WilmerHale expands securities practice
WilmerHale Continues to Grow New York Office
06/13/2012
International law firm expands CA team
He was a litigation partner with Gibson, Dunn & Crutcher for 19 years
06/12/2012
Members of the Federal Advisory Council, including Vikram Pandit, Citigroup Inc.’s chief executive officer, said the uncertainty was generated by the “significant differences” between the analysis used by the Fed in its stress-test model
06/12/2012
In addition, Mr. Barbarosh will join Katten's leadership and help expand the firm's relationships with and breadth of professional services for financial institutions and related entities.
06/12/2012
JPMorgan Chase's failure to timely disclose a major change in how it measured risk could become the centerpiece for an enforcement action by U.S. securities regulators as they probe the bank in connection with its multibillion dollar trading loss.
06/11/2012
In an interview with the Basler Zeitung newspaper, finance minister Eveline Widmer-Schlumpf indicated that Washington was keen on ending the spat, which is part of an American attempt to crack down on wealthy citizens using Swiss banks to dodge taxes.
06/11/2012
The Deutsche case is a lawyer’s worst nightmare. A quick Google search by defense counsel discovered that a juror at David Parse’s trial may not have been the housewife she professed to be.