08/21/2017
ADP's board rejects billionaire hedge-fund manager Bill Ackman's three candidates
The payroll processing company said it plans to file its preliminary proxy statement with the Securities and Exchange Commission this week.
Legal, Regulation & Compliance
08/21/2017
Finra bars former Merrill rep for failing to appear at hearing
Regulator was looking into charges that broker forged customer signatures
08/18/2017
Justice Department’s Latest Offshore Bank Resolution Confirms Value Of Self-Disclosure And Voluntary Remediation By At-Risk Foreign Institutions
The Justice Department appears to have taken great care to describe publically the extent of Prime Partners’ extensive cooperation
08/18/2017
FDIC sues Barclays, RBS and other banks over Libor
Agency claims failed US lenders lost money because rate was manipulated downward
08/18/2017
Advisor 'banished' after state regulator claims he hid client losses
The SEC is now investigating Jordan and his firms as well, according to the state.
08/18/2017
Tax Court holds that non-US persons are not subject to tax on gain from the sale of a US partnership interest
Further, the IRS expressed concern that the Tax Court did not give deference to the agency's interpretations of law.
08/18/2017
Ex-Summit Wealth Management CEO sentenced to federal prison on $24 million fraud scheme
Between 2007 and 2012, Morrow and Alleca marketed promissory notes in Detroit Memorial Partners to Summit Wealth clients in Atlanta and throughout the country.
08/18/2017
SEC Drops Suit Against 'London Whale' Traders
Recent, unspecified statements and writings by the London Whale himself, Bruno Iksil, undermined prosecutors' plans to call him as a witness against Julien Grout and Javier Martin-Artajo, shown in 2013
08/18/2017
Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs in Continuing SEC Crackdown
The SEC’s order finds that BISC obtained pre-released ADRs and lent them to counterparties without satisfying the proper requirements.
08/17/2017
Fired UBS Adviser Reignites Palm Beach Scandal Over Rich Widow
The trust paid the bill.
08/17/2017
Black banker sues Goldman Sachs for racial discrimination
Goldman Sachs does virtually nothing to hire.
08/17/2017
Allen & Overy Adds Ashurst Finance Partner in NYC
The firm now has 22 finance partners in New York.
08/17/2017
Love Notes Were Insider Tips, U.S. Says, Charging 7 in Plot
The arrests are part of the largest insider-trading case in recent years
08/16/2017
Five Olshan Attorneys Selected to The Best Lawyers in America 2018
Olshan has been consistently recognized as one of the premier mid-sized law firms in the country
08/16/2017
Swiss Firm Settles Charges It Helped Americans Evade Taxes
This investigation is being overseen by the Office’s Complex Frauds and Cybercrime Unit.
08/16/2017
Florida May Ban Future Investments With Venezuela
Florida is poised to take official steps to protest the current government of Venezuela, although the proposal under consideration could be considered more symbolic than substantive.
08/14/2017
Volcker Rule Reform—Is There Any There, There?
The OCC’s unilateral Volcker Rule initiative, which flies in the face of the fact that all five Agencies must agree to any regulatory modifications
08/14/2017
Vanguard seeks corporate disclosure on risks from climate change
Vanguard manages about $4 trillion and is often the top shareholder in big U.S. corporations through its massive index funds - giving it a major voice in setting corporate agendas.
08/11/2017
Multiple Pro Athletes Swindled Out of Millions
The court's entry of the final judgment resolves this litigation in its entirety.
08/11/2017
Ex-Investment Bank Vice President Pleads Guilty to Insider Trading
"I knew what I was doing was wrong, and I take full responsibility," he said.