09/28/2018
Banker’s Arrest Puts Boom Years Under Scrutiny at Swiss Bank
Julius Baer is clamping down after a series of run-ins involving Venezuelan oil money, FIFA bribes and arms sales to Russia.
Legal, Regulation & Compliance
09/27/2018
Sadis & Goldberg Wins "Best North American Law Firm"
Working with over 1,000 funds, the firm is actively involved in the most current legal trends in the industry.
09/27/2018
Morgan Stanley Loses Little Legal Battle with Potentially Big Consequences
The ruling, however, could hardly have been welcome news at Morgan Stanley and may even have broader implications for the brokerage industry
09/26/2018
Tannenbaum Helpern is Named "Best Boutique Law Firm"
Tannenbaum Helpern's Investment Management practice is recognized by HFMWeek at its annual US Hedge Fund Services Awards 2018 ceremony on September 13th.
09/26/2018
Ex-Deutsche Bank Trader Pleads Not Guilty to Spoofing
Chanu is seeking to be released on bond to Dubai in the United Arab Emirates, where he currently works at a trading company, his lawyer said.
09/26/2018
Tax Whistleblower Receives $13.6 Million Dollar Award
We thank the whistleblower for the courage to come forward
09/25/2018
Love at first fraud: Advisors stole from clients, then married, SEC says
Omnibus accounts let advisors trade securities on behalf of multiple clients at the same time in a “block trade” without identifying to the broker which trade was made for which client.
09/25/2018
Bitcoin Core Developer Joins Forces With Former Morgan Stanley Exec To Warn SEC
“Bitcoin is fundamentally a technological system with many nooks and crannies,” Bishop told Forbes.
09/25/2018
Fox Rothschild Expanding into Southeast in its Largest Merger Yet
Smith Moore Leatherwood, once a small regional firm, will now step into the AmLaw 100.
09/25/2018
$18m Isle of Man tax fraud exposed in the US
If proven, the allegations could lead to 20 years in prison
09/24/2018
A Continuing Trend: Lawyers Ditching Big Law for Small Firm Freedom
Litigators from Cooley and Jackson Lewis have left each firm to branch out on their own.
09/24/2018
LPL Accused of Race and Sex-Based Discrimination in Lawsuit
Last month LPL, which did not provide a response to an inquiry for this story, filed an answer to Beaufort’s complaint.
09/23/2018
Colorado Division Of Banking Releases Guidelines For Crypto Regulation
The direction governs the specific circumstances under which Colorado law will require a crypto exchange to have a money transmission license.
09/22/2018
SEC Shuts Down $345 Million Fraud and Obtains Asset Freeze
The SEC appreciates the assistance of the U.S. Attorney's Office for the District of Maryland and the Federal Bureau of Investigation.
09/21/2018
Morgan Stanley sues $660M team for soliciting clients via phone, Facebook
The firm’s legal maneuvering mirrors similar court battles it initiated earlier this year against other ex-Morgan Stanley advisors who moved to rival firms.
09/21/2018
SEC Indicts Husband and Wife of World Tree Financial for “Cherry-Picking” Scheme
Favored clients allegedly got the winning trades and others got the losers so the firm could profit more.
09/21/2018
Merrill Lynch's Commission Ban Reversal: Here's How Advisors See it Playing Out
In its statement announcing the reversal, Merrill Lynch emphasized the flexibility the decision would provide clients.
09/20/2018
Ex-UBS FA Sues to Vacate Finra Award
But the broker is arguing that two of the arbitrators violated the industry’s self-regulator’s procedures, AdvisorHub writes, citing a petition to vacate the award filed in the southern district of New York by Miller’s lawyer.
09/20/2018
Joint statement: Inaugural meeting of US-UK Financial Regulatory Working Group
This cooperation is especially important given transition in the UK’s regulatory relationships as it withdraws from the European Union.
09/20/2018
CADE launches investigation into six Brazilian banks regarding cryptocurrency trading
Brazil’s anti-trust agency has launched an investigation into six of Brazil’s financial institutions as a result of potential illicit trading practices.