09/11/2018
SEC Bars Former Raymond James Branch Manager
Burstein allegedly helped Quiros misappropriate and misuse more than $21 million in investor funds flowing through several brokerage accounts held at Raymond James, the SEC says.
Legal, Regulation & Compliance
09/09/2018
A Russian Who Allegedly Hacked Into JPMorgan Chase's Servers Is Now in U.S. Custody
What the earlier court filings didn’t disclose was the identity of the central hacker—revealed finally in an unsealed indictment on Friday as Tyurin.
09/07/2018
Finally, a judgment against CRA for negligence in audit of business
Court finds tax collector took certain positions for strategic reasons rather than good faith legal reasons. There will be an appeal
09/05/2018
SocGen expects to pay €1.1 billion in US sanctions fines
Societe Generale has been caught up in around a dozen probes and lawsuits in recent months.
09/05/2018
Burns & Levinson Partners Named 2018 Women Worth Watching
The PDJ "Women Worth Watching" awards celebrate the achievements and personalities of leading women across a multitude of industries who represent diversity within their spheres of influence.
09/04/2018
JD CEO's arrest steps on governance landmine
What’s more, in a further abuse of good governance practices, Liu holds the chairman’s seat as well as serving as CEO.
09/04/2018
Setback for Irish developer seeking return of passport
Mr Kelleher says he had no knowledge of the injunction when he funded the Cayman litigation.
09/04/2018
JPMorgan Will Pay $24 Million to End Lawsuit From Black Advisers
Instead of fighting it in court, the bank agreed to pay $19.5 million to the members of the class, according to Aug. 31 filings.
09/03/2018
Why are Bank of America customers being questioned about their citizenship status?
The bank said in a statement obtained by the paper that it "may periodically request information, such as country of citizenship and proof of US residency".
09/03/2018
Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment
The report says the financial outlook will also be shaped by China’s ability to manage risks relating to high indebtedness and leverage in its banking, shadow banking and wealth management industries.
08/31/2018
IP Pressures Could Fuel More Law Firm Mergers
Venable and Fitzpatrick Cella, one of the largest IP boutiques in the country, revealed plans for the combination last week.
08/30/2018
JPMorgan sues $14B Merrill team for 'bad-mouthing'
JPMorgan accuses the advisors of "bad-mouthing JPMorgan" to clients by making false statements about the firm's ability to serve investors.
08/30/2018
Thompson Hine Recognized Again in Chambers High Net Worth Guide
“They do an excellent job, they’re present in the market, they’re known, and they have a reputation as being top-flight attorneys with broad skill sets.”
08/30/2018
SA tech entrepreneur charged for fraud in New York amid shocking allegations of how he may have lied and cheated to get money
A SA entrepreneur has been charged for fraud in the US as the authorities there accuse him of stealing almost R9 million from investors in a “massive securities fraud scheme”.
08/29/2018
DOJ wants to exclude expert testimony proposed by ex-Deutsche Bank traders in LIBOR-rigging case
The defendants’ proposed expert testimony as to the adequacy of the government’s discovery, establishment of the conspiracy, and benefit or harm to Deutsche Bank’s counterparties is incurably improper, the DOJ argues.
08/29/2018
CFTC orders UBS to pay USD15m penalty for attempted manipulation and spoofing of precious metals futures
Today’s enforcement action demonstrates the Commission’s continued commitment to root out manipulation and spoofing in our markets
08/29/2018
Swiss bank makes $60M deal with US over hidden accounts
Bank Admits to Helping U.S. Taxpayers Conceal Income and Assets from the United States; Agrees to Pay $60.4 Million
08/28/2018
SEC orders asset manager to pay $97m over ‘faulty’ models
The errors related to models used by the subadvisor of the products, Aegon USA Investment Management, from July 2011 to June 2015.
08/27/2018
Global Economy / Are U.S. regulations functioning 10 years after Lehman collapse?
The epicenter of the global crisis was Wall Street in New York.
08/24/2018
Brokers, advisers and insurance agents implicated in alleged $100 million investment fraud
In all, around 370 advisers sold the Future Income Payments, according to plaintiff's attorneys