10/23/2019
Tougher Money-Laundering Laws Get Backing of Wall Street Lobby
Banks would share responsibility to report clients’ misdeeds
Legal, Regulation & Compliance
10/23/2019
Mississippi PERS puts Fisher Investments on watchlist
"As fiduciaries, we must always act in the best interest of the system and our members," Mr. Higgins said.
10/23/2019
House Passes Beneficial Ownership Disclosure Bill (2)
Banks could also pull customer information from the database with customer consent—an ability they expect will help their efforts to comply with federal regulations.
10/23/2019
Northern Trust continues to look east with Philadelphia expansion
The new wealth-management office is Chicago-based Northern's first since 2011 when it opened in the nation's capital.
10/22/2019
London-based bankers charged with insider trading
Two new indictments come days after similar accusation against a Goldman Sachs banker
10/22/2019
The Race to Regulation
This statement, while made to one regulatory body, in relation to one blockchain project, carries much wider, international resonance.
10/21/2019
Canada's Competition Bureau is Keeping an Eye on Small M&A Deals
The Bureau’s moves come after the M&A market has enjoyed relatively high activity in the past two years.
10/21/2019
Goldman Sachs banker charged with insider trading
Bryan Cohen accused of tipping off trader about bids involving Syngenta and Arby’s
10/17/2019
Highland Capital Management files for Chapter 11 bankruptcy: court filing
In April, Highland had said it did not have enough cash on hand if it was asked to pay the investors eventually.
10/17/2019
Austin Investment Adviser Revoked for Fraud
In April, Highland had said it did not have enough cash on hand if it was asked to pay the investors eventually.
10/16/2019
Woodbridge CEO Gets 25-Year Sentence for Fraud
Robert Shapiro led a $1.2 billion Ponzi scheme over six years that hurt some 8,400 investors.
10/16/2019
U.S. pension funds took positions in blacklisted Chinese surveillance company
The blacklist applies to Hikvision and seven other companies because they allegedly enabled the crackdown that has led to mass arbitrary detentions in the Xinjiang region.
10/16/2019
JPMorgan felt barred from calming repo market by regulations
The bank, Dimon told analysts following JPMorgan's third-quarter earnings release, needed to keep that money put so it could fulfill its liquidity requirements mandated by regulators.
10/16/2019
Stifel Forms Strategic Partnership With Israel’s Ourcrowd
“Through this partnership, our clients will gain access to attractive, early-stage investment opportunities that have been typically restricted to traditional VC firms and family offices.”
10/16/2019
JPMorgan felt barred from calming repo market by regulations
This couldn't be more different than year-end 2018.
10/15/2019
Miami financial advisor pleads guilty to laundering millions in PetroEcuador bribery case
Chatburn, who pleaded guilty Friday to a money-laundering-conspiracy charge, paid millions of dollars as kickbacks to PetroEcuador officials in exchange for contracts with the state oil company between 2013 and 2018, according to federal prosecutors in Mi
10/15/2019
A Swiss Bank Keeps Cropping Up in Venezuelan Corruption Cases
Graft is almost commonplace in Venezuela
10/15/2019
Phishing the Famous
Man Who Targeted Celebrities Sentenced; Simple Precautions Can Keep Your Information Safe
10/13/2019
SEC Halts Alleged $1.7 Billion Unregistered Digital Token Offering
The complaint alleges that defendants failed to register their offers and sales of Grams, which are securities, in violation of the registration provisions of the Securities Act of 1933.
10/11/2019
Morgan Stanley and Merrill Lynch Snagged in Uber IPO Lawsuit
Even if the courts eventually reject or rule against the plaintiffs’ proposed class actions, its filing underscores the trepidation with which many financial advisors have begun to view IPOs.