08/11/2017
Multiple Pro Athletes Swindled Out of Millions
The court's entry of the final judgment resolves this litigation in its entirety.
Legal, Regulation & Compliance
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.
08/11/2017
$855k Russian bank hacker to be extradited from Spain
He is wanted by the United States on suspicion of computer abuse and fraud and on another count of electronic fraud
08/10/2017
Labor Department delays fiduciary rule implementation date
It requires brokers either to disclose more about how they get paid or move clients out of accounts that charge commissions on each transaction.
08/10/2017
Morgan Lewis Positioned in the Top Tier of Multiple M&A Rankings
Morgan Lewis finished with more than 30 top-10 rankings for the quarter
08/10/2017
SEC secures $800 million settlement with alleged overseas stock manipulator
Overseas Stock Manipulator Settles SEC Charges
08/10/2017
SEC Staff Publishes Report on Access to Capital and Market Liquidity
The report includes a survey and analysis of recent academic literature
08/09/2017
Puerto Rico hit with 2 lawsuits challenging board’s power
It is the same hedge fund that was involved in a 15-year dispute over defaulted bonds issued by Argentina.
08/09/2017
Disclosure, governance, Form S-3 eligibility and proxy requirement reforms contemplated by the Financial CHOICE Act
If a number of these securities law changes are ultimately enacted into law.
08/08/2017
Citigroup to pay $130 million to end Libor rigging lawsuit in U.S.
Citigroup spokeswoman Danielle Romero-Apsilos said the New York-based bank was pleased to resolve the matter.
08/08/2017
Why the CFTC's new use of NPAs is significant - Dentons
Despite the many advantages NPAs offer, there are pitfalls the CFTC must be mindful of when deploying these agreements.
08/08/2017
British banks' turnaround plans frustrated by US justice delays
For Barclays , RBS and Standard Chartered , hopes that their unresolved cases in the United States can be settled this year have been clouded by delays in appointing key staff at the DoJ since Donald Trump became president.
08/08/2017
Wells Fargo Faces Multiple Whistleblower Complaints
The reputational damage may be harder to assess — and it may affect Wells Fargo’s financial advisors too.
08/08/2017
EPA Task Force Issues Recommendations to Reform Superfund Program
Ultimately, the goals, strategies, and recommendations of the Task Force all seek to identify ways of accelerating the cleanup and reuse of Superfund sites
08/07/2017
Hedge fund manager charged for scamming investors out of millions
Among the alleged victims are a tight-knit group of relatives
08/07/2017
‘Pharma Bro’ declares victory despite guilty verdict
His lawyer Ben Brafman said he was thrilled by the verdict.
08/07/2017
US haul from credit crisis bank fines hits $150bn
Reckoning continues 10 years after housing downturn became market meltdown
08/07/2017
Former SEC Chairman Harold Williams Dies
Former SEC Chair Harold Williams has died, Brighthouse Financial complete spin off from MetLife and age matters when talking to clients.
08/03/2017
Reinsurer Beechwood sold following hedge fund woes -source
Beechwood, which managed $2.4 billion in assets in 2015, has said it had minimal exposure to New York-based Platinum funds
08/02/2017
Family Offices Included as ‘Investment Advisers’ Under IPO Allocation Rule 5131(b)
FINRA notes in the Letter that Family Offices may perform equivalent functions to regulated investment advisers, including investing the assets of a pooled investment vehicle or providing other forms of investment advice.