10/26/2017
Merrill Lynch, Morgan Stanley Face Discrimination Suits
This week a U.S. District Judge gave Merrill Lynch an extension until the end of the month to submit a response, according to the publication.
Legal, Regulation & Compliance
10/26/2017
Former private equity firm partner charged with secretly billing clients for vacations and salon visits
According to the SEC’s complaint, despite being caught by the firm and told to stop on two occasions in 2010 and 2012, Rashid continued to expense personal items to clients into 2013.
10/26/2017
SEC Is Said to Review Guggenheim Ties With Argentine Businessman Sonali Basak
Ball’s brother Juan worked at Guggenheim for years.
10/26/2017
Con artist who posed as German heiress in bank scheme busted for stealing $275G
She spent the money on personal trainer sessions, hotel stays at 11 Howard in SoHo and other personal expenses, prosecutors said.
10/25/2017
Goldman Is Said to Mull Bulking Up Small-Cap Coverage Post-MiFID
The person asked not to be named discussing a private matter.
10/25/2017
SEC approves the PCAOB’s new standard for audit reports
This week the SEC approved the PCAOB’s new auditor reporting standard, which makes significant changes to the nature and scope of the auditor’s required disclosures about matters specific to the particular audit.
10/24/2017
Top banker who bragged about making £5.5m by rigging markets during £2.7bn currency deal is found guilty of fraud
The US is seeking to extradite another British banker.
10/24/2017
The return of active helped by pitfalls of passive
Passive investors buy these stocks regardless of quality, value, sustainability or return.
10/24/2017
Kobre & Kim Is the Latest Am Law 200 Firm to Launch in Shanghai
The New York-based boutique says it is expanding its Asia practice into mainland China with unique, conflict-free offerings.
10/24/2017
Select Counsel Launch Provides Easy Access to Big Law Talent with Boutique Service
Premier, National Lawyer Network Offers Senior-Level Counsel Across Jurisdictions and Practices
10/24/2017
Wells Sues Fired Broker, Son and Their New RIA
Wells also made the more traditional argument that they violated their employment agreements by taking information protected under privacy law in order to persuade clients to join their firm.
10/24/2017
Investment Co. Says Bahamian Order Bars US Asset Seizure
Attorneys for Nineveh Investments Ltd. said the key issue in its case against the government is whether Gary Kaplan has a property interest in the assets of Nineveh and its owner
10/24/2017
Ropes & Gray Names 12 New Partners in Seven Offices Worldwide
The new partners of the firm reflect the global footprint of Ropes & Gray.
10/23/2017
SEC Charges FA Over $9M Swindle of Charity
The SEC is seeking permanent injunction, penalties and disgorgement against Rogicki, according to the complaint.
10/23/2017
BofA fortifies online banking with new security layer
BofA itself has earmarked about $600 million this year toward information security.
10/20/2017
Jurors To Weigh Fraud Charges Against Ex-HSBC Executive
HSBC Executives,Devised A Scheme To Drive Up The Price Of Pounds
10/16/2017
FINRA Orders Wells Fargo Broker-Dealers to Pay $3.4 Million in Restitution and Reminds Firms of Sales Practice Obligations for Volatility-Linked Products
Volatility-linked ETPs are complex products that could be misunderstood and improperly sold by registered representatives.
10/13/2017
SEC to Review Guggenheim’s Bob Diamond-Linked Investments
Guggenheim has been a shareholder of Diamond’s African banking venture, Atlas Mara Ltd., since its 2013 initial public offering.
10/13/2017
Hotshot banker says jilted lover drove his Benz into pool
Cops confirmed to The Post that a police report was made.
10/13/2017
Tax lobbying goes global
Cayman’s goal isn’t to protect a particular provision in the tax code, Munk said.