04/24/2017
Investment Bank VP Charged With Insider Trading
According to the SEC’s complaint, Krishnamoorthy made approximately $48,000 in illicit profits.
Legal, Regulation & Compliance
04/24/2017
SSGA Retirement Policy Leader Expects Retirement Tax Reform
State Street Global Advisors is just the latest firm to tell PLANADVISER that serious policy conversations going on behind closed doors in Washington very much include retirement tax reform.
04/23/2017
Global Investment Compliance Monitoring (ICM) Survey
ICM infrastructure efficiency and effectiveness
04/22/2017
Two big California pension systems oppose nine Wells Fargo directors
"We believe these directors failed in their oversight responsibilities during the retail banking controversy at the company," CalPERS said in a statement posted on its website.
04/21/2017
Judge Moves Forward J.P. Morgan Stable Value Fund Litigation
The plaintiffs seek to represent participants in more than 300 retirement plans which were invested in 78 stable value funds, according to the court’s order.
04/20/2017
FINRA Proposes Limited Relief for Desk Commentary
The proposed safe harbor would ease many elements of the Research Rules, but many would be retained.
04/19/2017
JPMorgan accused of fraud over tech company sale
US bank engineered cut-price deal to curry favour with BlackBerry, lawsuit claims
04/19/2017
Four Hill, Kertscher & Wharton, LLP Attorneys Recognized by Thomson Reuters Super Lawyers
Super Lawyers awards are some of the most respected among attorneys due to the rigorous selection process.
04/18/2017
SEC Probes Hedge Fund That Promises Investors No Losses
Meyer said in an interview for the story that he employs a computerized system of his own design but invests most of his clients’ money in safe Treasury bonds.
04/18/2017
BDO USA Introduces Real-Time Form ADV Monitoring on eConnaissance®
The new feature also allows users to compare new and old Form ADV filings from a single fund manager, enabling investors to quickly and easily identify if, and to what extent, their risk exposure has changed.
04/18/2017
Wells Fargo chops execs' pay by another $75 million over accounts scandal
The scandal also resulted in the abrupt retirement last October of longtime CEO John Stumpf, not long after he underwent blistering questioning from congressional panels.
04/18/2017
Harbert Management pays $40 million to settle with New York over taxes
When businesses operate in and out of New York, they must allocate the income they derive from New York for tax purposes.
04/18/2017
Ex-JPMorgan analyst cleared of insider trading charges
His lawyers argued the jury had already determined Aggarwal did not intend to commit the charged crimes.
04/18/2017
Judge certifies class in JPMorgan ERISA lawsuit
A class action would be superior to individual lawsuits and that essential questions in the case can be resolved on a group basis.
04/18/2017
Ex-J.P. Morgan broker expelled for not complying with FINRA probe
The firm accused her of using the funds for her personal use.
04/17/2017
Innovative approaches to protecting retiree portfolios
A structured note is a debt obligation that tracks both an underlying debt obligation and a derivative embedded within it.
04/17/2017
What wealth managers can learn from the Wells Fargo scandal
Every firm is different. Every day is different. Every employee is different.
04/13/2017
Morgan Stanley Fined $1M Over FA Sales Contest
Galvin first brought charges over the sales contest in October, and at the time, Morgan Stanley said they were without merit.
04/12/2017
Managed Portfolio Advisors Enters into an Agreement with BNY Mellon’s Pershing
The agreement unites MPA’s overlay management services with Pershing’s technology platform
04/12/2017
UBS Must Face Trial On Whether Holding Co. Was Customer
U.S. Magistrate Judge William Matthewman, who is fielding the case without a district judge, said the facts of the case could be interpreted in favor of either UBS or Bounty Gain Enterprises Inc. The holding company has asked arbitrators with..