01/13/2020
Pascal Financial announces deal with Sterling Mutuals
Canadian fintech to integrate AI-powered digital wealth platform with $4 billion AUM mutual fund firm
Legal, Regulation & Compliance
01/12/2020
Regulation of Crypto Assets
Crypto-investors and users, as well as crypto-asset service providers, are exposed to high risks.
01/10/2020
Finra to Focus on 3Bs — Best Execution, Bank Sweeps, Best Interest — in 2020
Robinhood neither admitted nor denied the charges in settling the matter, but consented to the entry of Finra’s findings in its records.
01/09/2020
Edward Jones Sued for Alleged Retaliation Against Advisor
That civil suit ended in March 2019 when the court ruled in favor of Edward Jones and Lira was forced to pay legal costs of around $5,000.
01/09/2020
Goldman settles ADHD discrimination suit with former analyst
Afrifa said that he lost the chance of a lucrative investment banking career that “could amount to several million pounds in loss of future earnings
01/08/2020
New York Wealth Manager to Plead Guilty in ‘Wild’ Spending Case of Fraud
Richard Diver was arrested in March and charged with fraud
01/08/2020
Recoverable Grants Are One Way To Help Charities
Recoverable grants are similar to a loan in that they allow donors to support organizations of their choice, have the grant returned to the donor and then allow the donor to regrant it to another organization.
01/08/2020
Risky corporate debt is piling up, out of sight from global regulators
Private equity firms also use billions of dollars of debt to take over public companies and, ideally, spruce them up and make more competitive.
01/08/2020
US IRS issues crypto tax form
Failure to properly report these transactions, in the most extreme cases, could mean prison time and a fine of up to $250,000.
01/08/2020
Aflac Global Investments Announces Strategic Partnership with Varagon Capital Partners, L.P.
Varagon shares our core investment principles, which are grounded in deep fundamental credit research.
01/07/2020
Burford Capital: US investors drop class action against Barnett’s nightmare stock
The company also announced management changes, promoting Aviva Will and David Perla to the roles of co-chief operating officers
01/06/2020
Proposed Regulations Under Sections 863(B) and 865(E)(2) Revise the Rules for Sourcing Income
Proposed regulations under Sections 863(b) and 865(e)(2) implement changes by TCJA to section 863(b), the primary sourcing provision for income from the sale of inventory produced by a taxpayer without and sold within the United States, or produced by the
01/06/2020
Signature Bank and Prime Trust to Align Their Respective Technologies to Better Serve the Institutional Blockchain Industry
Any Signature Bank commercial client participating on the Signet platform has the ability to make instantaneous payments in U.S. dollars, any time without transaction fees.
01/03/2020
Swiss bank penalized for undisclosed US accounts
The department imposed a total of more than $1.36 billion in Swiss Bank Program penalties.
01/03/2020
‘Hundreds of millions of dollars missing’ from Cayman fund
These “concerns” relate to an alleged discrepancy between sale proceeds from the fund’s investment in an airport infrastructure project in the Philippines, Clark Global City, and the amounts distributed to the limited partners of The Por
01/03/2020
SEC Charges Six Individuals In International Microcap Fraud Schemes
The charges here highlight our work with overseas securities regulators to root out players who use microcap markets to take advantage of U.S. investors
01/03/2020
Swiss Firm in Panama Papers Charged in Transatlantic Stock Scam
Firm, executives accused of enabling microcap ‘pump-and-dumps’
01/03/2020
Faegre Baker Sued by Crypto Fund Manager
The suit against Faegre Daniels alleges the firm advised the plaintiffs that “Crypto Assets are not securities” and to thus structure the fund’s business “accordingly.” The advice was “erroneous,” the complaint sa
01/02/2020
SEC Proposes Update to Accredited Investor Definition that Would Make Private Markets Available to More Investors
The proposed amendments would also revise the definition of a “qualified institutional buyer” (QIB) in Rule 144A and expand the list of entities able to qualify as QIBs.
12/31/2019
The Costs of Compliance – Expectations for Bending the Cost Curve
A Financial Crime/AML and Compliance Risk Management Leader and Advisor in Banking and Financial Services for more than four decades