09/14/2018
U.S SEC. Penalizes Crypto Hedge Fund for Violating Securities Law
Founder Timothy Enneking and his company illegally sold stakes in the hedge fund to U.S. investors.
Legal, Regulation & Compliance
09/14/2018
Seven Tips to Protect Wealthy Families from Cybersecurity Threats
The more money a client has, the bigger the target on their back.
09/14/2018
Goldman Names New President, CFO as Blankfein Prepares to Exit
The bank is reshuffling its leadership as Lloyd Blankfein prepares to retire as chairman and CEO at the end of this month.
09/14/2018
Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data
The SEC appreciates the assistance of FINRA.
09/13/2018
Massachusetts Securities Regulator Cracks Down on Private Placements
GPB sells illiquid, high-risk, high-commission alternative investments through various independent broker/dealers.
09/13/2018
Pension Fund Pans Banks’ Bid To Escape Rate-Rigging Row
The Fire & Police Pension Association of Colorado argued that since the allegations against the financial institutions arose from transactions in New York
09/13/2018
Blockchain & Bitcoin: Lawyers Need to Get It or Get Out
Another threat to organizations is the rise of cryptocurrency mining malware.
09/13/2018
Hedge Fund Priest Lemelson charged by SEC for alleged stock manipulation
The SEC's complaint said that Ligand's stock lost more than one-third of its value during the course of Lemelson's alleged scheme.
09/13/2018
Divorce Often A Legal Quagmire For Super Wealthy
A spouse who owns and runs a closely held business may be overly optimistic about its value when applying for financing or speaking to investors in the months leading up to a divorce.
09/12/2018
JPMorgan sues ex-advisors for luring clients to Raymond James
JPMorgan claims it was tipped off to the advisors’ actions by clients who complained to the bank about being petitioned to move their business to Raymond James.
09/11/2018
Private Client Resources partners with FundCount
Mike Slemmer, COO, Americas of FundCount, commented: “FundCount delivers efficiency and insight to clients—which comes from being able to account, manage, and report on complex holding structures and the full array of liquid and illiquid holdi
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.
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".