02/15/2019
JP Morgan Launches Pale Imitation of the “Fraud” that is Bitcoin
The announcement of the JPM Coin prototype today is the first of its kind on the planet.
Legal, Regulation & Compliance
02/15/2019
UK and Canada forge closer fintech ties
Renewing this MoU will help us to encourage greater innovation and ensure ongoing cooperation between the UK and Canada.
02/14/2019
US SEC Charges Deloitte Japan for Auditor Independence Violations
Deloitte Japan agreed to pay $2 million in monetary sanctions and be censured.
02/14/2019
Ex-UBS Broker Gets 9 Years in Prison Over $4 Million Fraud
UBS was not aware of the scheme because MacColl allegedly handled it over his personal cellphone, investigators said, according to the website.
02/13/2019
SEC, CFTC commissioners push for streamlined regulation
Federal regulators also "need to do a better job" of providing guidance to the regulated community
02/13/2019
Hedge Fund Co-Founder Gets 30 Months for Role in Alleged Bribery Scheme
Huberfeld pleaded guilty last year to conspiracy to commit wire fraud
02/12/2019
Interactive Brokers Pays $100K to Settle Supervision Case
Interactive Brokers carried several accounts managed by Peter Zuck, who has a history of financial crime convictions.
02/12/2019
UBS to Pay $319,000 Over Former Broker’s Alleged Unsuitable Recommendations
BS cooperated with the regulator and neither admitted nor denied the allegations, InvestmentNews writes
02/11/2019
All You Need to Know About the Global Legal Services
The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
02/11/2019
Finra Sues Ex-Broker Over Failing to Disclose Sexual Misconduct Felony
He learned about the charge May 3 and was arraigned May 6, and was issued a written indictment for the felony charge in October 2016, Finra says.
02/11/2019
Husband and wife to pay over USD1m to settle futures trading scheme fraud charges
The CFTC cautions victims that restitution orders may not result in the recovery of money lost because the wrongdoers may not have sufficient funds or assets.
02/07/2019
Deferred Prosecution Agreement in the U.S. resolved
Since Julius Baer fulfilled its obligations under the DPA, the U.S. Attorney’s Office for the Southern District of New York filed a motion to dismiss the charges.
02/06/2019
Signs Point to "Tsunami" of Lawsuits Imminent for Financial Advisors
“We’ve gotten probably a 20% higher volume of calls in the last four months versus 12 months ago. The reason is because of the plummeting markets,” Stoltmann says.
02/06/2019
Merrill Lynch Wins Arbitration Over Manager Claiming $30 Million Loss
McClanahan says the wirehouse “frivolously sued him in federal court to circumvent the customer arbitration agreement and to increase his costs,” according to the award document.
02/06/2019
Morgan Stanley Ordered to Hand Over Evidence in Lawsuit Claiming Theft of Confidential Information
In its lawsuit, E*Trade argues that most of its more than 6.6 million account holders never speak to an individual financial advisor.
02/05/2019
Three more bank mutual fund subsidiaries face potential class action cases
The allegations have yet to be tested in court.
02/04/2019
Standard Chartered hit with $40m fine for forex rigging
Bank Admits Failing to Effectively Deter Illegal Trading Activities Between 2007 and 2013
02/03/2019
Wyoming Senate Passes Bill Recognizing Cryptocurrency as Money
The bill was introduced on Jan. 22.
02/01/2019
How the SEC’s Hedging Rule Will Impact Public Companies
The final rule is generally consistent with the rule the SEC proposed back in February 2015.
01/30/2019
First American Charged With Panama Papers Crimes Appears In Court
Prosecutors allege that Gaffey helped former U.S. resident Joachim von der Goltz evade taxes.