05/01/2018
Financial Engines Sold To PE Firm For $3 Billion
Transaction Would Combine Financial Engines and Edelman Financial Services, Creating Unparalleled Independent Registered Investment Advisor
Legal, Regulation & Compliance
05/01/2018
DOL Rule One Step Closer to Death
The DOL missed the deadline to file for a rehearing in the Fifth Circuit Court of Appeals, meaning the Court’s decision to vacate the fiduciary rule stands.
04/30/2018
ICO Promoters Can Expect Canada to Be as Tough as the US
Businesses should complete an analysis on whether a security is involved
04/30/2018
Canada's biggest pension funds are backing pot stocks
Canopy Growth and other Canadian producers of cannabis have spare capacity which should enable increased production to meet the predicted demand for products post-legalization.
04/30/2018
Guernsey Finance publishes global distribution strategy statement: connecting to the parts of the world managers want to reach
The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets
04/27/2018
SReal estate developer pleads guilty to tax evasion
Real estate mogul Michael Shvo, 45, pleaded guilty to tax evasion on Thursday
04/27/2018
Fugitive Tycoon Guo Wengui, Seeking Asylum in United States, Denied Protection from Creditors’ New York Lawyers
Among Mr. Guo’s international creditors is Pacific Alliance Asia Opportunity Fund a Hong Kong investment fund formed under Cayman Islands law.
04/27/2018
Barbados-Based Banking Subsidiary Caught up In Canadian Tax Avoidance Case
According to news reports, Loblaw could have to shell out as much as CAD$406 million (US$316 million) if it loses the case.
04/25/2018
Another fork in the road? Cryptocurrency class action lawsuit alleges securities violations and demands “rescue fork” as remedy
Cryptocurrency companies and users are waiting to see how the legal and regulatory industries react to them and the underlying Blockchain technology.
04/25/2018
Scotiabank fund manager to pay fine for lavish spending on promotional activity
According to the settlement, the investment firm, which is the manager of the Dynamic family of mutual funds, failed to meet the minimum standards of conduct from November 2012 to October 2017.
04/25/2018
Merrill Lynch Faces Gender Discrimination Suit
Whipple says her signing bonus of $412,000 was actually a loan that she had to pay back to Merrill Lynch at 1.95% interest deducted from her pay, InvestmentNews writes.
04/25/2018
Morrison Cohen LLP Launches Family Office Group
Morrison Cohen is in position to offer family offices a full complement of services seamlessly among its various practice areas.
04/24/2018
China makes new move to catch fugitive billionaire Guo Wengui
Amid rising Sino-American trade tensions, U.S. President Donald Trump might try to use Guo, who lives in a New York City penthouse, as bargaining chip with China.
04/24/2018
Why this asset management firm is seeking deposit insurance
The trust company, which had $28.5 billion in assets under custody on Dec. 31
04/23/2018
Antitrust legal quick tips. Foreign investment review: five key antitrust tips
Against this backdrop, companies contemplating cross-border M&A must be aware of foreign investment review regimes and plan accordingly.
04/20/2018
Fired UBS Employee Looks to Mount Class Action for Age Discrimination
Friedman is no newcomer when it comes to suing wirehouses and has won more than $300 million in class action settlements from them for former employees.
04/20/2018
Mutual-fund regulators push for more fee transparency
In July, 2017, regulatory changes known as the second phase of the client relationship model – or CRM2 – were put in place to provide investors with greater transparency concerning the fees they pay for financial advice.
04/20/2018
US regulator to extend fiduciary rule
At present, though only as of recently, investment advisers must put their clients' interests ahead of their own. However, brokers are merely required to ensure any investment recommended is appropriate.
04/19/2018
US bank Wells Fargo said to be target of US$1 billion fine over alleged misdeeds
It would mark the toughest action that the Trump administration has taken against a major bank. And it is the latest blow to Wells Fargo, which for years was regarded as one of the country's best-run banks but lately has been reeling from a string of
04/18/2018
Andersen Global Announces Expansion in Argentina
Modo provides a range of tax and legal services for both individuals and corporations, utilizing technology as a differentiating element for the provision of services.