03/14/2017
Ninth Circuit embraces broad whistleblower protection under Dodd-Frank, deepening split among the circuits
The statutes are inconsistent, yet cross-reference each other, it becomes complicated.
Legal, Regulation & Compliance
03/14/2017
California Businessman Sentenced to Prison for Concealing Over $23.5 Million in Israeli Bank Accounts
Evaded More than $8.3 Million in Federal Taxes Over Seven Years
03/14/2017
Embattled Bellevue hedge fund adviser accused of fraud
Summit Asset Strategies chief expected to plead to federal charges related to $3.5M loss
03/14/2017
Regulator Proposes Walling Off Wall Street Investment Banks
Under Hoenig’s proposal, elaborate capital demands put in place since the 2008 financial crisis would be boiled down to reliance on a simpler 10 percent limit on leverage for Wall Street banks.
03/13/2017
Rosen Law Firm Files Securities Class Action Lawsuit Against The Toronto-Dominion Bank
The lawsuit seeks to recover damages for TD Bank investors under the federal securities laws.
03/12/2017
Trump’s Panama Problem
Ricardo Martinelli, the ex-president of Panama facing extradition on corruption charges, helped him launch his first international property.
03/12/2017
Four myths in the battle over Dodd-Frank
It is plausible that lending in recent years was weaker than it would otherwise have been without the sundry regulatory costs imposed by Dodd-Frank, which have likely been a contributing factor in bank consolidation since the law's passage.
03/10/2017
U.S. Emerging as ‘Leading’ Tax, Secrecy Haven, EU Report Says
The United States provides a wide array of secrecy and tax-free facilities for non-residents both at the federal level and at the level of individual states
03/10/2017
Brazil probes possible obstruction of state-run pensions fraud case
The arrest order against the senior Lopes was based on evidence that recent actions
03/09/2017
3 N. Korean banks banned from key international financial network
The latest ban had completely isolated North Korea from the international financial system.
03/09/2017
Royal Bank closes 40 accounts following internal Panama Papers probe
While the bank notes that there's no evidence that any of those companies were doing anything illegal
03/09/2017
Collas Crill advises on medicinal Marijuana investment
All sales require medical documentation as set out in the ACMPR.
03/08/2017
U.S. Senate panel schedules hearing for SEC nominee Clayton
Both have historically expressed skepticism about having people with close ties to Wall Street run the SEC.
03/08/2017
UBS considers refusing DoJ settlement offer
Swiss bank may follow Barclays’ lead over mis-sold mortgage bond allegations
03/08/2017
Tax cheats in KPMG Isle of Man avoidance scheme could face criminal charges: minister
Bloc Québécois leader calls on Liberals to stop giving KPMG government contracts in wake of recent reports
03/08/2017
Defunct Lebenthal Wealth Unit Faces Debt, Lawsuits
One creditor is a firm that put together a quarterly digital magazine Lebenthal launched in September 2014 in a bid to recruit female wealth advisors, according to the Journal.
03/08/2017
Money Laundering in Central America
Criminals also use the formal banking system to hide and move the proceeds of illicit activity.
03/08/2017
Banks come in from the cold for hedge funds
Financials should benefit from interest rates going up.
03/08/2017
Greenberg Traurig grows revenue and partner profits as firm gears up for efficiency push
US firm posts 4% revenue rise alongside 5% increase in PEP
03/07/2017
A former FBI informant reflects on her involvement with the Insider Trading Industry
I had access to Intel’s booking information and I was looking at my job and I wanted to break into the hedge fund industry.