10/30/2019
UBS Star Ex-Broker Wins $1.5 Million Gender Discrimination Award
At UBS, Carona was a member of the President’s Council, an elite club for top producers at the company, where she had managed more than $300 million.
Legal, Regulation & Compliance
10/30/2019
Banking companies are utilizing their Washington clout to stomp on the tech business
Bank lobbyists are seeking to leverage all those issues.
10/29/2019
American Kleptocrats Finally Feel the Heat
The House did something really big last week, and the Senate could actually follow suit soon.
10/29/2019
PRI asks signatories to join in effort to prod U.S. to act on responsible investment
The letter cites "a string of regulatory rollbacks under the Trump administration in recent years that have undermined policies on good governance, transparency and ESG integration in the investment process."
10/29/2019
JPMorgan Goes After FA Who Left for Raymond James
JPMorgan wants the court to prevent Weiss from soliciting more clients while it handles the matter through Finra arbitration, according to the publication.
10/29/2019
Capitala Group partners with Mitsui U.S. subsidiary
Capitala Group plans to expands investor base and expects the Mitsui partnership to attract Asian investors, Mr. Alala said.
10/29/2019
Sierra Club sues SEC over denial of climate-related shareholder resolutions
In effect, the SEC has quietly allowed companies to kill such proposals before they can even be presented for a shareholder vote," the lawsuit claims.
10/28/2019
SEC looking to open private markets to a wider audience
Major asset managers building up their own private market offerings are hoping the brainstorming leads to change.
10/28/2019
Crypto Capital Official Nabbed in Money Laundering Probe
A Crypto Capital principal, Oz Yosef, also known as Oz Joseph, has been indicted by a grand jury in New York on charges of conspiracy to commit bank fraud, bank fraud and conspiracy to operate an unlicensed money transmitting business, according to a fili
10/28/2019
Brazil and the UAE sign deal to deepen trade ties
According to the Dubai Chamber of Commerce and Industry, bilateral UAE-Brazil trade last year was $2.7 billion. Fernando Luis Lemos Igreja, Brazil’s ambassador to the UAE, told the Emirates News Agency WAM this weekend that it will be higher this ye
10/28/2019
Fed Should Continue to Deliver
Sterling seems to be discounting that surely there has to be some political resolution.
10/28/2019
SEC’s Investment Management Division posts FAQ clarifying compensation-related disclosure obligations of investment advisers
The adviser should disclose conflicts that result in it or any of its affiliates, supervised persons, or associated persons receiving compensation, directly or indirectly, in connection with the securities it recommends.
10/28/2019
Four Steps to Successful CAT Onboarding and Certification
Tips to help your firm get certified and ready for production in April 2020
10/25/2019
Finra Fines BNP Paribas $15 Million Over Money-Laundering
This matter arose out of firm examinations conducted by FINRA’s Department of Member Supervision and referred to Enforcement.
10/24/2019
Swedbank Says It’s Being Investigated by ECB, U.S. Authorities
It’s now being investigated in Sweden, Estonia and the U.S. amid allegations it may have handled over $100 billion in potentially suspicious transactions, mostly from the former Soviet Union.
10/24/2019
Brazil pensions: Victory for Jair Bolsonaro as reform passes
The main change is the creation of a retirement age - 65 for men and 62 for women.
10/24/2019
US Poised To Crack Down On Anonymous Shell Companies
The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.
10/24/2019
Guernsey funds consultancy launches US joint venture
Christopher Jehan, Managing Director of Midshore Guernsey, said: "Our American joint venture aims to feed more US-sourced work into the island, utilising both our services and those of the local financial services sector.
10/23/2019
Swiss file first charges in Brazilian ‘car wash’ corruption probe
Swiss prosecutors said they had submitted the case to the Federal Criminal Court under an accelerated proceeding to conclude a case more quickly, in which an admission of guilt and acceptance of civil claims by the accused was required.
10/23/2019
New Hampshire terminates Fisher for $239 million in equities
NEPC consultants said in the memo that Mr. Fisher’s remarks were “sufficiently inconsistent with NEPC’s values to warrant a due diligence response.”