11/13/2018
22-Year Morgan Stanley Veteran Barred After Alleged $273 Improper Expense
According to Baldeck, “Morgan Stanley determined that I was reimbursed $272.94 from those funds to pay for meals with my daughters.”
Legal, Regulation & Compliance
11/13/2018
Inter-American Development Bank Group and MAS collaborate to promote inclusive financial services
We are happy to welcome participants from 15 countries in LAC to the Singapore FinTech Festival this year.
11/12/2018
How Goldman’s high-flying Italian partner was embroiled in scandal
Andrea Vella was placed on leave by the bank after being caught up in the 1MDB affair
11/12/2018
Wells Fargo To Pay $43M To Settle RMBS Trustee Litigation
The settlement also resolves a related action seeking declaratory relief against Wells Fargo, as well as claims by Wells Fargo against certain investment advisors.
11/12/2018
UBS Strikes Back Over Justice Claims in Mortgage-Backed Securities Lawsuit
The DOJ’s complaint alleges UBS securitized over $41 billion in mortgage loans through 40 deals backed by subprime and other mortgage loans and that investors suffered “many billions of dollars” in losses as a result, the Journal writes.
11/12/2018
BofA faces lawsuit over use of the name Erica
Underwood’s E.R.I.C.A. is the search engine for My24erica.com, an entertainment news aggregation site.
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.