07/30/2020
Pier 21 Asset Management Extends Asset Servicing Relationship with CIBC Mellon
Pier 21 taps into CIBC Mellon services for custody, fund accounting, recordkeeping and foreign exchange processing and settlement
Legal, Regulation & Compliance
07/30/2020
Best Retirement Plans For You
Even if you do have a retirement plan through work, like a 401(k), you may want to save additional money beyond the annual 401(k) contribution limits.
07/30/2020
Law Firm Launches RIA Practice Group
The practice is led by co-chairs Kerry Zinn, a Principal in the Fort Lauderdale office and Mark Knoll, Managing Principal of the firm’s New York office.
07/28/2020
DOL Proposal Puts Workers First for Retirement Investment Advice
Our proposed exemption strengthens protections for retirement savers while avoiding the problems of the vacated Obama-era fiduciary rule.
07/28/2020
World’s Best Sub-Custodian Banks 2020
Subcustodians make cross-border securities investing possible
07/27/2020
Hedge fund Bridgewater Associates sued by former co-CEO Murray
The hedge fund said it had no immediate comment on the lawsuit.
07/27/2020
Europe’s Economy to Outpace U.S. in Upending of Past Roles
The region has also done a better job of protecting jobs and incomes, at least for now, with furlough programs keeping millions of workers on payrolls.
07/26/2020
Burdensome Documentation Requirements Modified Under the Final Section 250 Regulations
The Final Regulations largely relaxed the rules that govern the documentation necessary to satisfy these requirements.
07/26/2020
Government Releases Final Regulations on FDII and Gilti Deduction
The Proposed Regulations had required specific documentation to establish that a sale was made to a foreign person and was for a foreign use.
07/24/2020
UBS to close U.S. private bank to simplify operations
The firm does not break out the overall headcount into specific geographies.
07/24/2020
BREAKING: Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn
As reported, the case relates to bond sales that Goldman Sachs arranged and underwrote for 1MDB, from which the US Justice Department alleges $4.5bn was stolen to which the bank said the charges were "misdirected".
07/24/2020
Kentucky sues Blackstone, former KRS execs over fiduciary breaches
The lawsuit is also seeking damages related to "the greatly increased costs to the taxpayers of restoring KRS and its pension plans to properly funded status."
07/24/2020
Pension bill seen sparking US$1.3bn Chile equity outflow, but potentially boosting GDP
Earlier in the day on Thursday, President Sebastián Piñera had indicated a decision to veto the bill or challenge it in the courts had not been made, local media reported.
07/24/2020
US banks can now offer crypto custody services
Regulator's letter states that nationally chartered financial institutions have permission to hold wallet keys
07/23/2020
IFLR1000 recognizes our Banking and Finance team as leaders in financial law
Dentons’ Banking and Finance team operates at the industry’s forefront, working with innovative finance products across the world.
07/22/2020
Law Firms Are Shrinking in Size; Coronavirus Only Accelerated It
The survey results highlighted real estate changes already under way in the legal field that the pandemic has only accelerated, according to brokers and other analysts.
07/22/2020
SEC proposes significant increase to reporting threshold on Form 13F for institutional investment managers
The SEC added that the proposed new reporting requirement is designed to reflect proportionally the same market value of U.S. equities that $100 million represented in 1975.
07/21/2020
$420M N.J. Team Partners With Dynasty To Launch Indy ShoreHaven
He began his career at AllianceBernstein in 2006, where he worked with financial advisors as a senior regional consultant.
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
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.