11/17/2019
Conflicts of interest in target-date funds catch SEC’s eye
The big proportion of US workers channelled in the retirement portfolios has increased the review urgency
Legal, Regulation & Compliance
11/16/2019
JPMorgan Precious Metals Probe Expands as Another Is Charged
Indictments against Michael Nowak -- JPMorgan’s global head of precious metals trading -- and Gregg Smith were made public in September and they have pleaded not guilty.
11/15/2019
SEC Approves FINRA Amendments to Rules 5130 and 5131
FINRA member firms and others should begin evaluating account opening and other documents that collect information to facilitate compliance with the Rules
11/14/2019
Japanese giant acquires Hunt, grows multifamily banking business
The commercial real estate lender offers the full range of Fannie Mae, Freddie Mac, and FHA financing, as well as proprietary bridge, term, and subordinated products.
11/13/2019
Vancouver plans next step in real estate crackdown – a big watchdog
aving a single regulator for those areas will streamline investigations and enforcement, according to the government.
11/12/2019
Law Firm Revenues Rise as Demand Accelerates, Citi Reports
The first nine months of 2019 saw 5.1% revenue growth for a sample of 190 law firms.
11/12/2019
Canadian Securities Regulators and MAS Strengthen Cooperation in FinTech
The agreement sets out the framework of collaboration between the CSA members and MAS.
11/12/2019
JPMorgan boss says ‘greedy, selfish’ bankers ‘let the people down’ ahead of financial crash
Jamie Dimon says: ‘I believe there were people ... who were greedy, selfish, did the wrong stuff, overpaid themselves and couldn’t give a damn. Yes.’
11/11/2019
Europeans scramble for bank access due to US threats
The bank customers who received these letters were all "accidental Americans," people who automatically obtained US citizenship because they were born in the United States but who've lived their entire lives in Europe.
11/11/2019
IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Identified
“We have tools in place that we didn’t have six months or a year ago.”
11/11/2019
UBS Fined by Hong Kong for a Decade of Overcharging Clients
Bank is accused of overcharging clients in wealth management
11/08/2019
Kuwait- Freeze assets of those on US sanctions list
CBK moves to combat money laundering, terror financing
11/08/2019
Law Firms Trying Not To Go Bankrupt This Next Recession
The recession hit Biglaw hard and they aren't interested in going through that again.
11/07/2019
Merrill Lynch and Raymond James Must Pay $12 Million to Harmed 529 Plan Customers
RJA has agreed to pay more than $3.8 million in restitution, while RJFS has agreed to pay $4.2 million.
11/07/2019
US Treasury scales back Obama rules on offshore tax deals
The Treasury Department said the regulations, implemented in the final months of Obama's administration, are no longer necessary because of the 2017 tax law enacted under president Donald Trump.
11/05/2019
Ex-UBS FA With 201 Disclosures Forced to Appear in Finra Arbitration
In late October, the federal court in Puerto Rico ruled in favor of Carisalagen’s urgent request and ordered Lugo, whom the investment firm said has acted as its FA, to appear at a Finra hearing scheduled for this week.
11/04/2019
Manhattan condo cited in Nigeria corruption case listed for $7.1M
Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News
11/04/2019
Goldman Sachs 401(k) participant sues over alleged fiduciary lapses
The lawsuit accused the company of "failing to monitor and evaluate performance the performance of the plan's fiduciaries or have a system in place for doing so."
10/31/2019
Andersen Global Expands in Central America
The firm provides comprehensive legal advice in areas such as banking and finance, civil law, commercial law, corporate law, immigration, labor and employment, mergers and acquisitions, arbitration, litigation, maritime and tax.
10/30/2019
J. Safra Sarasin private bank under investigation in Brazil corruption case
The prosecutors have alleged that flaws within the Swiss private bank's compliance