11/12/2018
BofA faces lawsuit over use of the name Erica
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Legal, Regulation & Compliance
11/12/2018
Ex-Morgan Stanley Broker Goes After Wirehouse Alleging Defamation
Bindelglass’s suit includes affidavits from the clients Morgan Stanley mentions in his employment separation disclosure, who contradict the wirehouse’s version of events, InvestmentNews writes.
11/08/2018
UBS faces new legal battle in US over mortgage securities -
UBS will contest the matter and is confident in its legal position, based on the facts and the law
11/07/2018
HSBC bank confirms US data breach
HSBC has said some of its US customers' bank accounts were hacked in October.
11/07/2018
AEOI – the consequences of non-compliance and the request to correct
Preparations should be well underway, to assess and ascertain the FATCA compliance status of your organisation.
11/07/2018
New Actuary Rule for Assessing Pension Risk Kicks In
ASOP 51 requires looking at potential risks to plan’s future financial condition
11/05/2018
SEC Adopts Rules That Increase Information Brokers Must Provide to Investors on Order Handling
“This rule amendment will make it easier for investors to evaluate how their brokers handle their orders and ultimately make more informed choices about the brokers with whom they do business.”
11/02/2018
US charges former Goldman bankers for 1MDB
The U.S. Justice Department is set to announce multiple criminal charges against two former Goldman Sachs bankers tied to the Malaysian 1MDB scandal.
11/02/2018
TD Bank Group completes acquisition of Greystone Capital Management Inc.
Uniting our organizations will allow us to deliver a unique and powerful value proposition to clients while continuing to grow the TD Wealth business across Canada.
11/02/2018
Keller/Anderle named to list of California's "Top Boutique Law Firms"
Keller/Anderle was selected in the Commercial Litigation category in recognition of its success as a powerhouse trial firm.
11/01/2018
Third KPMG US partner pleads guilty to fraud
According to the SEC, KPMG had fared poorly in PCAOB inspections and in 2014 received approximately twice as many adverse comments as its competitor firms.
10/31/2018
Panel Pushes to Give Ordinary Investors Access to Private Equity
Group led by banks and assets managers makes pitch for changes
10/30/2018
Former Julius Baer Banker Gets 10 Years for Venezuelan Plot
Matthias Krull pleaded guilty to role in money-laundering case
10/30/2018
Day Pitney to Merge With South Florida Litigation Boutique
Increases Headcount to more than 20 Lawyers in Florida
10/30/2018
Swiss Bank executive gets 10 years for Venezuela graft case
U.S. District Judge Cecilia M. Altonaga of the Southern District of Florida sentenced Krull to serve 120 months in prison, to be followed by three years of supervised release.
10/29/2018
Institutions welcome ruling against higher fees
It's a sea change in terms of the SEC's attitude about all 400 filings
10/26/2018
Banking Regulations Being Bypassed In Curaçao?
The bank complied with the ruling and paid the construction company as was instructed by the Court of First Instance.
10/24/2018
Capital One Bank fined US$100 million for anti-money laundering weaknesses
A leading bank regulator on Tuesday fined Capital One Bank US$100 million for failing to enforce anti-money laundering controls that have been in place for years.
10/24/2018
SEC Obtains Consent Judgment against Hedge Fund Adviser for Alleged Scheme to Increase Profits above High-Water Mark
This fee was subject to a high-water mark—i.e., whereby the fee is earned for a given month only to the extent that the funds’ profits exceed losses from previous monthly periods.
10/24/2018
These Six States Have Pursued Fiduciary Rules
Checking in on the status of state attempts to create their own fiduciary standards.