03/14/2018
Hedge funds warn of an upcoming flashpoint with China as trade concerns grow
The U.S. Trade Representative's office is due to rule on an investigation into China's policies.
Legal, Regulation & Compliance
03/14/2018
Former billionaire tech entrepreneur charged with 'massive fraud' by US financial authorities
Holmes Stripped of Control of Company for Defrauding Investors
03/13/2018
US insurance group sues Old Mutual
The JSE-listed insurance group said the case was "in relation to pre-existing [London] head office legacy items relating to previously disposed of US assets".
03/12/2018
Tennessee: New Legislation Prevents Crypto Retirement Funds While Legalizing Blockchain
House Bill 2093 is set to move to the Finance, Ways & Means Subcommittee on March 14.
03/12/2018
Citi Ordered to Pay $4 Million to Financial Advisor
Many of Gherardi’s clients were Latin American, and Citi slapped a moratorium on new non-U.S. accounts in 2015.
03/12/2018
Florida Businessman Gets 25 Years in Jail in $179 Million Loan Fraud Case
Nikesh Patel was also accused of hatching another loan fraud scheme, worth $19 million, while he was out on bond.
03/09/2018
SEC Bars Hedge Fund Manager Charged in Asset Management Mismarking Scheme
For an 18-month period, Lumiere and Plaford used sham broker quotes to mismark as many as 28 securities per month
03/09/2018
Massachusetts's securities regulator investigates Wells Fargo Advisors
Wells Fargo Advisors spokeswoman Shea Leordeanu said in an emailed statement that the firm has made “significant progress in our work to identify and fix any issues, make things right and build a better, stronger company.”
03/09/2018
Court confirms CFTC jurisdiction over cryptocurrency fraud and that virtual currencies are commodities
Self-regulatory organizations, or SROs, such as stock exchanges, that can help self-police virtual currency markets.
03/09/2018
SEC Fines Merrill for Unregistered Securities Sales
The SEC’s investigation of Merrill Lynch was conducted by Helaine Schwartz
03/08/2018
Appleby sponsors and presents at Fund Finance Symposium in New York
The firm, a market leader in the subscription finance space for over a decade, has sponsored this event since its inception.
03/08/2018
NYSE to Pay $14 Million Penalty for Multiple Violations
“NYSE’s violation of the prior SEC order was a significant factor in assessing the civil penalties in this matter.”
03/08/2018
Veretus Group Formally Launches in Washington, D.C. and London
Global investigations and strategic intelligence firm established to provide corporations, law firms, hedge funds, private equity firms, family offices and high-net-worth individuals with high-quality analysis and intelligence in support of their most cri
03/07/2018
Finra Suspends Chief Compliance Officer Who Expunged Her Own Record
Murphy, who was registered as a financial and operations principal at two other firms in addition to Noble Capital, agreed to the sanctions without admitting or denying the fundings.
03/07/2018
Guptas: Canadian bank refuses to take our money
The Hawks consider Ajay Gupta a fugitive after he failed to hand himself over for arrest.
03/07/2018
‘Wolf of Wall Street’ Producer to Pay $60 Million in Settlement
The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against $1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd.
03/02/2018
Mexico financial technology law passes final hurdle in Congress
Regulators will soon begin crafting so-called secondary laws, which will determine key details for companies in the sector.
03/02/2018
SEC Investigates Overstock Token Sale, Shares Slide
It announced the ICO launch in October last year and said at the time the offering would be legally compliant with SEC rules using an instrument called the Simple Agreement for Future Tokens.
03/02/2018
Wells Fargo reviews wealth business for possible customer abuse: filing
The U.S. Justice Department instructed Wells Fargo in late 2017 to investigate its wealth management business
03/01/2018
Cryptocurrency Firms Targeted in SEC Probe
Regulator issues subpoenas to parties engaged in booming market for initial coin offerings