07/21/2020
FBI says private equity, hedge funds pose huge risk for money laundering
Law enforcement isn't set up to monitor money laundering schemes within hedge funds, leaked FBI documents show
Legal, Regulation & Compliance
07/21/2020
UBS to Pay $10 Million for Violating Rules
The SEC previously brought charges of municipal bond offering “flipping” and retail order period abuses in August 2018, in December 2018, in September 2019, and in April 2020.
07/21/2020
SEC Charges Virginia Advisor With Stealing $6 Million From Clients
The SEC's investigation, which is continuing, is being conducted by Eric Kirsch, Jonathan Grant, James Flynn, and Wendy Tepperman.
07/21/2020
Goldman Execs in Malaysia for 1MDB Negotiations
Malaysia’s attorney-general, Idrus Harun, will lead the country’s discussions with Goldman Sachs and while both sides undoubtedly hope to reach an agreement, «it depends on what GS is bringing to the table».
07/20/2020
ABA Urges Banks to Require Face Coverings in Branches
Nichols noted that this decision was made with the support of ABA’s Executive Committee and in consultation with ABA staff experts on risk management and viral transmission.
07/20/2020
Founder of International Investment Group charged over Ponzi scheme
The complaint alleges that Hu deceived IIG clients into purchasing these loans by directing others at IIG to create and provide to the clients fake loan documentation to substantiate the non-existent loans, including fake promissory notes and a forged cre
07/17/2020
US authorities move to seize ex-Gambia dictator's mansion
Jammeh acquired at least 281 properties during his time in office and operated more than 100 private bank accounts directly or through companies or foundations in which he has shares or an interest
07/16/2020
AWS and HSBC Reach Long-Term Strategic Cloud Agreement
One of the world’s largest financial services organizations collaborates with AWS to deliver new products, enhance customer experiences, and drive digital transformation
07/16/2020
Barrie lawyer claims 'coveted' ranking
Rogerson assessed for qualities in technical legal ability, professional conduct, client service, commercial astuteness, diligence, and commitment
07/15/2020
CIBC to Issue NVCC Subordinated Debentures
The Debentures being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
07/15/2020
Vanguard to partner with Infosys to grow defined contribution business
Transitioning employees will receive the same salary, comparable benefits for a transition period of 12 months, plus meaningful incentive opportunities.
07/15/2020
Swisspartners exits single markets in Africa, South America and Turkey
While the company is hiring in Geneva and Zurich, some of the services it provides in these two cities may no longer be needed.
07/15/2020
Goldman Sachs denied petition to dismiss ERISA suit
The class-action lawsuit, filed in October by a participant in the Goldman Sachs plan
07/15/2020
Dipping into 'charity jar': Rich US firms approved for gov't aid
Some wealthy families' investment firms received relief loans meant for small businesses hit by coronavirus pandemic.
07/15/2020
Pension funds put pressure on Brazilian govt to act on deforestation
Following the meeting, the Brazilian government agreed to deploy the military in future to help prevent forest fires.
07/15/2020
Miracle Mile Advisors Announces Partnership with $250M Aequitas Wealth Management
The two firms bring together complementary high-touch client service, robust technology and infrastructure and seasoned financial advisors
07/15/2020
Threading the Needle: Drag-Along Clauses and Asset Deals
The above provision provides a simple example designed to ensure that the mechanics of a drag-along can be relied upon in an asset disposition.
07/15/2020
Qualis Capital Announces Strategic Partnership With WealthShield And Wealth Advisor Growth Network
Qualis provides a turn-key solution, an attractive user interface, and the flexibility necessary to provide customized solutions at the end client level.
07/14/2020
What Is A Simplified Employee Pension IRA (SEP IRA)?
SEP IRAs differ from Traditional IRAs in that they offer potentially much higher contribution limits.
07/14/2020
Ex Devere Exec manager fined for misleading clients
They made “material misstatements and omissions” about the benefits of overseas pension transfers, the SEC says.