12/31/2018
Bitcoin Trader Troy Woody and Pal Mir Islam Charged in Philippines Murder
Tomi Masters was a small-town gal swept off her feet by a California cryptocurrency mogul. Now she’s dead and he and a friend are charged.
Legal, Regulation & Compliance
12/28/2018
J.P. Morgan takes three former advisers who joined competitor to court
The three also “improperly took with them to Raymond James J.P. Morgan’s confidential client information,” including contact information, J.P. Morgan alleges.
12/28/2018
Canadian Pension Steps Up Gender Board Diversity Advocacy
CPPIB will use its voting power to increase presence of women on boards.
12/28/2018
Silver Miller Files Lawsuit Against Creator of Alleged Crypto Ponzi Scheme
In truth, the lawsuit contends, the returns were not profits from investments, but “were simply reallocations to older investors of new investors’ assets” in a classic Ponzi scheme configuration.
12/27/2018
NY State Pension Reaches Agreements with Firms on Executive Pay
Microsoft, CVS, Macy’s, TJX, and Salesforce agree to revisit pay policies.
12/27/2018
Supervisory Failure is Behind Most Regulator Actions Against CCOs
Finra barred one CCO for two years for alleged failures to keep up-to-date written procedures to adequately supervise a registered representative the industry’s self-regulator had placed on restriction following sales mishaps, according to the publi
12/27/2018
Galvin Fines Stifel $300K and Charges Investment Advisor Over Business Arrangement
Stifel’s representative was able to collect full-service commissions on his stock picks, while Weller also allegedly charged his clients a management fee, according to the complaint cited by ThinkAdvisor.
12/27/2018
Investment fraud case in US expands to 4 women from Israel
Those were just some of the lies told to victims of a multimillion-dollar investment fraud scheme that has led to federal charges in Maryland against four women who worked for an Israel-based company, authorities say.
12/21/2018
Ontario government releases 2018 Economic Outlook and Fiscal Review
An in-depth look at these and other subjects are covered in the current issue of the Morneau Shepell News & Views
12/21/2018
Merrill to Pay $6 Mln for Favoring ‘Insiders’ with IPO Shares
IPOs Included Facebook, Inc., General Motors Co., LinkedIn Corp., and Twitter Inc.
12/21/2018
U.S. Bank Regulators Warn of ‘Living Will’ Shortcomings at Four Foreign-Owned Banks
Regulators faulted Barclays, Credit Suisse, Deutsche Bank and UBS Group
12/21/2018
To reach 2030 climate target, Canada relies on future efforts, new tech
The other provinces and territories that have not established adequate provincial carbon pricing and will fall under the federal scheme - pending a legal challenge - include New Brunswick, Manitoba, Saskatchewan, Northwest Territories and Yukon.
12/20/2018
Ontario government releases 2018 Economic Outlook and Fiscal Review
An in-depth look at these and other subjects are covered in the current issue of the Morneau Shepell News & Views
12/20/2018
IRS Drastically Increasing Penalties Under New Offshore Voluntary Disclosure Guidelinesaa
Taxpayers now face heightened penalties and potentially, longer disclosure periods as compared to the original OVDP.
12/20/2018
Details of Staley Allegations Are Revealed, Then Deleted, by DFS
About three hours later, the DFS changed its online statement, removing the purported circumstances of Staley’s departure from JPMorgan.
12/20/2018
Barclays fined $15m over whistleblowing scandal
DFS Investigation Found Shortcomings in Barclays’ Governance, Controls and Corporate Culture Relating to the Bank’s Whistleblowing Function After CEO Personally Sought to Identify Whistleblowers
12/19/2018
Goldman Sachs Ignored 1MDB Warning Signs in Pursuit of Asian Business
Firm blames rogue bankers for dealings with scandal-plagued Malaysian investment fund, but engaged in lax oversight of partners
12/19/2018
Two more Wilmington Trust officials get prison time
The sentences were handed down two days after Andrews sentenced the bank's former President Robert Harra Jr. and former Chief Financial Officer David Gibson to six years imprisonment.
12/13/2018
Treasury, USTR Finalize Bilateral Agreement With the UK on Prudential Measures Regarding Insurance and Reinsurance
The U.S.-UK Covered Agreement is an important step in providing regulatory certainty and market continuity as the United Kingdom prepares to leave the European Union in March 2019
12/13/2018
Prosecutors seek prison time for former bank execs
The four former Wilmington Trust officials face sentencing next week for fraud and conspiracy.