09/15/2020
Regulators Prepare to Reprimand Citigroup for Failing to Improve Risk Systems
Moves accelerated plans for CEO Michael Corbat’s retirement
Legal, Regulation & Compliance
09/15/2020
Will the BVI follow the DIFC, USA and New Zealand?
One of the recommendations that is most likely to affect the BVI Commercial Court is the recommendation for the removal of the requirement in CPR Part 7 that the court's permission is required before a claim form can be served out of the jurisdiction
09/15/2020
Private investment for L Catterton worth US$200million
Acting as BVI counsel, the Mourant team was Senior Associate Marianne Wilson and Associate Martyn Heyes working with Partner Rachael McDonald.
09/15/2020
As Pandemic and Systemic Pressures Impact Retirement Savings, Advisors and Financial Professionals Favor Key Provision of SECURE Act
Millennials and Gen X Investors Strongly Agree on the Need for SECURE Act's In-Plan Guarantees According to Nationwide's Sixth Annual Advisor Authority Study
09/14/2020
The Storm before the Calm or the Calm before the Storm?
Analysis of market positioning suggests that traders do not have significant sterling shorts yet.
09/11/2020
Goldman Sachs Asset Management Closed-End Funds Announce Shareholder Approvals of Reorganization of Goldman Sachs MLP Income Opportunities Fund into Goldman Sachs MLP and Energy Renaissance Fund
This consolidation should allow for a more efficient cost structure and thus a better opportunity to deliver long-term value to investors.
09/11/2020
Deutsche Bank will Pay $583K to Settle Violation of Sanctions
On the same day that the settlement was announced, Bloomberg reported that the bank had retained Robert Kimmitt, a long time friend of U.S. Attorney General William Barr, to sit on its supervisory board.
09/11/2020
Law firms and their clients lack resources to keep pace with regulatory change, survey finds
Only around a third of US and UK firms are confident they have sufficient resources, according to Integreon report
09/11/2020
Global Private M&A Guide
A practical tool covering key aspects of the legal and regulatory M&A framework in nearly 40 countries
09/11/2020
tZERO Approved to Launch Retail Broker-Dealer Subsidiary
At launch, tZERO Markets will start onboarding U.S.-based retail investors with plans to expand to entities and international investors.
09/10/2020
RIA in a Box's MyRIACompliance Integrates with the SEI Wealth Platform
vAutomates data entry and provides real-time tracking of registration needs to address regulatory requirements
09/10/2020
Mawer Investment Management signs for SimCorp Dimension
The agreement is the latest in a series of North American front-to-back deals, which see buy-side firms choosing SimCorp’s front office.
09/10/2020
IRS Rules Merged Trust Qualified as 'See-Through'
IRA assets could be distributed based on oldest beneficiary’s life expectancy.
09/10/2020
Why Wealthy American Executives Are Exploring New Citizenship Opportunities
Many are turning to citizenship by investment to alleviate travel restrictions and safety concerns.
09/09/2020
Michael Kosnitzky Joins The Exclusive Haute Lawyer Network By Haute Living
Haute Lawyer offers a prominent collective of leading attorneys.
09/09/2020
Noteworthy recent SEC rule changes
The amendment to the definition of “Accredited Investor” is effective 60 days after publication in the Federal Register
09/09/2020
JPMorgan Probing Employees’ Role in Misuse of Relief Funds
JPMorgan’s investigation could be another sign that misconduct around the slew of coronavirus relief programs went beyond the scattered individual borrowers who have been charged with fraud.
09/08/2020
Citigroup Feuds With Hedge Funds Over Botched Payment
Bank’s relationship with fund clients unraveled over a dispute about Revlon debt and an erroneous $900 million payment
09/07/2020
Mirabaud Surfaces in Venezuelan Scandal
Mirabaud held at least $4 million for Abraham Shiera, a Venezuelan businessman who was indicted on conspiracy and corruption charges by U.S. prosecutors in connection to the oil scandal.
09/04/2020
SEC Charges Fund Manager for Fraud in Securities Offering in Neiman Marcus Bankruptcy
The litigation is being handled by Alexander Vasilescu and Mr. Ceglio. The SEC appreciates the assistance of the U.S. Attorney's Office for the Southern District of New York and the Federal Bureau of Investigation.