07/24/2017
Deregulation Could Lift Big Bank Profits 30%
Wall Street is most focused on regulatory relief, since Congress is unlikely to take up any legislation
Legal, Regulation & Compliance
07/24/2017
Withers’ global expansion breeds revenue growth as PEP leaps 25%
In 2016, the firm opened a new tax practice in Dubai with the hire of EY's Middle East and North Africa private client head Stijn Janssen.
07/21/2017
Beverly Hills Man Indicted For Alleged Tax Fraud
Allegedly Hid $20 Million in Offshore Accounts at the Same Time Falsely Claiming the Earned Income Tax Credit on His Tax Returns
07/20/2017
Ex-Credit Suisse Banker Pleads Guilty in U.S. Offshore Tax Case
She oversaw the servicing of accounts for over 1,000 to 1,500 client relationships.
07/20/2017
Regulatory Challenges a Top Concern for Executives in North America and Asia-Pacific, AxiomSL Survey Finds
Nearly Half of Respondents in Both Regions Plan to Increase Investment in Risk and Reporting Compliance Solutions in 2017
07/20/2017
Madoff Scandal Lost Industry $363 Billion
But financial planners were hurt the least.
07/20/2017
JPMorgan whistleblowers reap record $61 million
JPMorgan agreed to pay $307 million, with $267 million going to the SEC and $40 million to the Commodity Futures Trading Commission.
07/20/2017
U.S. Hunt for Nigeria Fraud Cash May Come Second to a Small Bank
Aluko wired about $49 million for the apartment and registered it in 2014 in the name of a shell company he controlled
07/19/2017
US businessman with Caribbean offshore accounts jailed for conspiring to commit tax, bank fraud
Robinson was also sentenced today to five years of probation for signing a false Form HUD-1 in connection with his role in the scheme.
07/19/2017
Shkreli Witness Had Front-Row Seat to Fund Train Wrecks
Before Pierotti described that plot he told the jury he witnessed Rajaratnam trading on inside information.
07/19/2017
FINRA Claim Filed Against UBS Financial Services
The suit is being arbitrated through Finra case number 17-01863 and UBS has yet to file a response.
07/19/2017
Morgan Stanley Sued Over Alleged Sexual Harassment
One unnamed manager had allegedly requested Xiao send him sexually explicit photos of herself and then withdrew his offer for her to join his team, according to the suit cited by the website.
07/17/2017
Feds want to seize Nigerian playboy’s yacht, penthouse
But the feds will have to get in line.
07/17/2017
Qualcomm faces fines after losing court bid in EU probe
Qualcomm could be on the hook for penalties ‘in the range of several millions of euros’ for resisting the call for the data
07/14/2017
Withers tops list of Private Client Global Elite
Our position as the most well-represented firm is a testament to our sustained efforts at building an international business that serves every legal need of our clients.
07/14/2017
SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors
The SEC’s Office of Investor Education and Advocacy previously issued an alert warning investors that aggressive stock promotion is a red flag of fraud.
07/13/2017
An HSBC Money Laundering Report Can Stay Confidential—For Now
Public trust and confidence in the rule of law and the judicial system was at stake.
07/13/2017
UBS Lawsuit Hinges on Definition of Solicitation
In the lawsuit UBS claims the four advisors breached non-solicitation provisions
07/12/2017
HSBC, UBS settle U.S. rate-rigging litigation; 10 banks' total payout tops $408 million
The eight earlier settlements have won preliminary approval.
07/11/2017
Advisor Licensing is Becoming Much Easier
The approved revamp will also split exams into an entry-level “securities industry essentials” exam and additional exams addressing specific securities and principal licenses, according to the publication.