05/08/2017
Finra Board to Focus on Rogue FAs, Unpaid Awards
The board will consider amendments to rules governing oversight of high-risk brokers and the companies that hire them as well as further guidance on supervision.
Legal, Regulation & Compliance
05/07/2017
Ex-Barclays Traders Settle With SEC Over Excessive Markups
Barclays agreed to pay a $1 million penalty for failing to supervise the traders
05/07/2017
Guaranty Bank shut down by federal regulators, taken over by First-Citizens
The FDIC says those branches will not reopen, and their ATMs will not operate.
05/07/2017
Congress may try to cancel Barack Obama's pension following his $400,000 speech to Wall Street
When it was first introduced last year, Mr Obama vetoed the legislation on the basis that it would force former presidents to fire their support staff.
05/07/2017
Cautionary fraud tale for pro athletes with sudden wealth
They want to avoid joining a long list of pros who have been steered into questionable investments.
05/04/2017
Asset manager Ron O’Hanley warns of sector’s ‘easy growth’
SSgA chief predicts more mergers and welcomes back-office automation to help trim costs
05/04/2017
Institutional Investors Have Increased Interest in Stone Harbor Emerging Markets Total Income Fund
These large entities often hire a team of analysts to perform research prior to the group purchasing a company’s stock.
05/04/2017
Puerto Rico Bankruptcy, Looming Pension Crises Underscore Value of Gold
Now is not the time for doom and gloom, though.
05/04/2017
David Leichtman Departs Big Law to Open Boutique Business and IP Trial Law Firm
Leichtman Law will handle international and domestic business and intellectual property litigation of all types, including in the media & entertainment, financial services, and life sciences industries, among others.
05/02/2017
Fox Rothschild enters Seattle with acquisition of 39-lawyer firm
As one of the fastest growing cities in the country, Seattle is a thriving metropolitan area with a pervasive and influential technology sector.
05/02/2017
Puerto Rico Faces Hedge Fund Lawsuits as U.S. Reprieve Ends
The cases filed Tuesday are the first of what’s expected to be a wave of new legal challenges from investors
05/02/2017
Cannabis in Canada - A Changing Legal Landscape: Financial Services
Accepting a security interest in cannabis may result in the lender holding title to a controlled substance and may increase the risk of exposure to possible regulatory or criminal liability.
05/02/2017
Hedge Funds Become Latest Target for Whistleblowers: $40 Million Settlement in Tax Case Demonstrates Broad Reach of New York’s False Claims Act
The basis for the fraud claim, may usher in a whole new wave of potential liability against hedge funds and similar businesses.
05/01/2017
UBS pays $445 million over toxic mortgages, failed U.S. credit unions
It has recovered nearly $4.8 billion from banks over mortgage securities it said led to the 2009 and 2010 failures of five credit unions.
05/01/2017
Another IP Boutique Opts for a Big Firm Merger
The firm handles a variety of IP matters, such as patent and trademark prosecution, copyrights, domain names licensing and trade secrets work.
04/28/2017
Five Takeaways From This Year’s AmLaw 100 Report
The number of lawyers in the AmLaw 100 rose 2.7 percent, and the overall revenue for these firms rose 4.3 percent.
04/28/2017
Nine-Figure Verdict For Hedge Fund Manager Who Sued Hotel
David Moradi, who had bee a hedge fund manager in NY, sued the Cosmopolitan Hotel and Marquee nightclub after he said he was beaten there.
04/27/2017
UBS Ordered to Face Whistleblower Lawsuit
He was first dismissed in 2009 because of cost-cutting prompted by the global financial crisis and was nine months into his second contract at UBS when he was fired again.
04/27/2017
State Banking Regulators Sue Feds Over Fintech Charter Proposal
The state regulators claim the comptroller’s office, led by Thomas Curry, lacks authority to create a special-purpose charter without approval from Congress.
04/26/2017
Grayscale launches digital-currency fund backed by Silver Lake’s co-founder Hutchins
The investment fund is called the Ethereum Classic Investment Trust, and is open to new money on Wednesday