05/29/2019
Asked to resign, Florida’s top banking regulator claims corruption
The accusations and counterclaims are part of an increasingly bizarre situation in the sunshine state concerning its bank regulatory office.
Legal, Regulation & Compliance
05/28/2019
SEC Awards $4.5 Million to Whistleblower
This information prompted the company to review the whistleblower’s allegations of misconduct and led the company to report the allegations to the SEC and the other agency.
05/28/2019
Regulatory requirements impeding access to ‘liquid alts’ for many investors
Canadians need to protect their portfolios and traditional mutual funds are long only
05/28/2019
Volery Capital Partners and Ares Management Corporation Announce Strategic Partnership
Capital allocations to both sustainable and impact investments are growing globally
05/28/2019
The long reach of US law
But the ambit of overseas US law enforcement goes beyond terror, drugs and strongmen.
05/27/2019
Overseas investors in shuttered Vegas casino demand refunds
The nine-story, 200-room casino-hotel just off the Strip was the first hotel-casino built from the ground up in Las Vegas since the recession.
05/23/2019
JPMorgan shareholders approve bank's executive pay with protest
The votes were taken at the bank’s annual shareholder meeting at its offices in Chicago
05/23/2019
Goldman's Longshot Pick to Challenge Brazil's Banks Takes Off
Bank hopes to fuel the startup's expansion in Latin America
05/21/2019
How Latin American trade with UAE will be enabled by Panama
Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America
05/21/2019
Lawyers Warned Not to Help Break Law in Wake of Tax Scandals
The OECD said the report “shone a spotlight” on lawyers’ role.
05/21/2019
Harvard-Affiliated Hedge Fund to Shut Down
Harvard’s assets in the fund declined by $11.5 million over the course of the fiscal year.
05/20/2019
ISDA consultations on benchmark fallbacks
The first consultation sets out options for adjustments that will apply to the relevant risk-free rates
05/20/2019
US investor urges First Group to split and pull out of 'destructive' UK rail network
In the UK, it runs three UK rail franchises – Great Western Railway, South Western Railway and TransPennine Express – and is bidding for the West Coast Partnership franchise, which is due to be awarded in the summer.
05/20/2019
Intel, Qualcomm, and other US tech firms reportedly cut off critical software to Huawei after Trump's blacklist
The US has heightened concerns in recent months that Huawei technology could pose a security risk and may be used as a backdoor for Chinese government espionage.
05/17/2019
Harvard-Linked Cambridge Square Hedge Fund Set to Shut Down
Cambridge Square lost about 2.5% before fees in its first year of trading in 2017 and was up about 2% last year, the person said.
05/17/2019
Ogier advises on US$350 million biopharmaceutical merger
The merger transaction was essentially an all share deal, with Xynomic's shareholders receiving shares in Bison equivalent to a closing consideration value of approximately US$ 350 million subject to certain adjustments for debt, cash and working cap
05/17/2019
Optimum Financial Group expands its asset management activities in the US
“This expansion presents a growth opportunity in asset management that will thereby enable us to offer complementary services to our American clients.”
05/16/2019
FINRA: High-Risk B/Ds Had Nine Times More Misconduct Events
Based on back-testing, firms that FINRA has identified through a new rule proposal presented higher risk of future misconduct events.
05/15/2019
US SEC Proposes Amendments to Cross-Border Swaps Rules
Among other things, the proposals provide guidance on when transactions are considered to have been “arranged, negotiated, or executed” by US personnel as a trigger for regulating security-based swaps and market participants.
05/15/2019
US issues anti-money laundering guidance for cryptocurrencies
The guidance is in response to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of multiple variations of businesses dealing in CVCs.