01/16/2018
Regulators Slap Banks, MSBs and Card Club with AML Violation Penalties
In 2017, federal and state regulators stepped up AML enforcement.
Legal, Regulation & Compliance
01/11/2018
Cyprus company sues ex-Trump campaign manager Manafort for fraud
Manafort and Gates are already under criminal indictment by Special Counsel Robert Mueller
01/10/2018
Canada to introduce new stricter bank capital rules
That compares with a floor of 72.5 percent based on a standardized approach that global regulators agreed on in December.
01/10/2018
Massachusetts Hedge Fund Manager Pleads Guilty to Fraud
The regulator said both men misled investors about the funds’ performance.
01/09/2018
Andorra Bank Eyes Argentina Wealth Management in LatAm Expansion
Andbank, which already named Gonzalo Tarasido to head up the effort in Argentina, is also considering partnerships with brokerages in the country.
01/09/2018
Miami Lawyer Accused of Bilking Former Partner and His Widow
The suit paints a picture of a slippery attorney looking to take advantage of his partner's fragile mental state, and later defraud a widow.
01/09/2018
Massachusetts hedge fund manager pleads guilty to fraud
Murakami declined to comment outside after a court hearing.
01/09/2018
US Says Amici Not Helpful In Unique $21M Tax Refund Fight
Covington & Burling LLP partner Sean Akins, Villanova Law School professor Leslie Book and Fred Murray, director of the University of Florida’s graduate tax program, filed an amicus brief on Thursday
01/09/2018
CFRA Announces New Client Relationship with SA Stone Wealth Management
“We believe access to robust, independent research is vital for our advisors to best serve their clients’ needs"
01/08/2018
Morningstar names Devbridge Group as 'Featured Integration Partner'
"Our clients have great ideas on how to innovate. Devbridge provides a proven process to quickly turn ideas into products."
01/08/2018
Concierge Auctions Accepting Global Properties For February Sale Targeting High-net-worth Chinese Buyers
Bidding event to showcase an exclusive collection of premier properties to global buyers, including outreach to the world's second largest economy in partnership with The Wall Street Journal and Mansion Global
01/06/2018
Looted antiques seized from Manhattan billionaire's home
The district attorney's office declined to comment on the evidence underpinning the search warrants.
01/04/2018
Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says
The indictment was unsealed Wednesday by federal prosecutors in Brooklyn.
01/04/2018
Merrill Lynch Bans Clients From Bitcoin Investment Trust
The Bitcoin Investment Trust was founded in 2013 by the serial-digital currency entrepreneur Barry Silbert.
01/04/2018
UBS Broker Wins $400,000 from Ex-Partner in Slander Case
“The panel determined that Grimes’ false and disparaging statements are not protected by the First Amendment,”
01/04/2018
Ex-Hedge Fund Exec Ordered To Pay $4M For Securities Fraud
Michael J. Spak, the former CEO of Osiris Partners LLC, was ordered to pay restitution to a list of more than 70 Osiris investors in amounts ranging from $14,000 to $222,000
01/03/2018
Ex-Merrill Lynch Manager Loses Mormon Bias Appeal
A three-judge Fourth Appellate District panel shot down dozens of complaints about Riverside County Superior Court Judge Gloria Trask’s handling of the trial
01/01/2018
What Happens When a Spouse Hides Money During a Divorce?
Some well-to-do spouses still engage in complex and expensive schemes in the attempt to keep assets for themselves and out of the pool of community property.
12/29/2017
FINRA hits JP Morgan Securities with $2.8M fine over custody failures
The SEC rule creates requirements to protect customers' funds and securities.
12/28/2017
Shkreli’s ex-lawyer convicted of aiding him in fraud scheme
Evan Greebel, a former lawyer for Martin Shkreli's pharmaceutical companies, was found guilty of helping Shkreli steal US$11 million