03/03/2017
SEC freezes suspicious traders' assets
Case involves US$3.6m in illegal profits from investing in Fortress shares
Legal, Regulation & Compliance
03/03/2017
Turkey Said to Erase Junk Rating Effect on Bank Risk Weightings
The ROM allows commercial lenders to hold some of their required lira reserves in foreign currency or gold instead.
03/03/2017
Lyxor Teams With Wells Fargo Asset Management For New Financial Credit Fund
It will invest across the credit capital structure to include senior, subordinated and contingent convertible debt while also hedging currency risk.
03/02/2017
Regulator robo guidance reflects challenge to advisors
According to him, robos have stripped investment fees down to the bone – 25 to 40 basis points – putting the onus on wealth managers to justify their higher fees.
03/02/2017
World's Biggest Banks Fined $321 Billion Since Financial Crisis
The number of rule changes that banks must track on a daily basis has tripled since 2011, to an average of 200 revisions a day
03/02/2017
Lawsuit against UBS over Enron collapse is dismissed
The plaintiffs chose to sue independently of other Enron investors who pursued similar claims in nationwide litigation.
03/02/2017
United States: Lawyers: Give Your Clients A Business Entity Checkup
Any new business ventures can be started in a new entity.
03/02/2017
New law won't stop Canada being used for money laundering, tax evasion
Bill C-25 does little to stop foreigners from using Canadian companies to snow wash illicit funds.
03/02/2017
Pegasystems Software Robots Help Banks Onboard Institutional Customers
When we look at industry apps and technology, no one is going to get rid of their 50 to 100 legacy systems.
03/02/2017
Tudor Investment the Latest Hedge Fund to Cut Fees
Tudor's fees had previously been among the highest in the industry
03/02/2017
This Struggling Hedge Fund Hopes Trump Will Revive Its Fortunes
“Trump will eventually adjust himself. I am rather optimistic,” said Hirao.
03/01/2017
First Circuit affirms insider trading conviction for stock tip written on clubhouse napkin
This decision comes in the wake of a series of recent insider trading decisions.
03/01/2017
Merrill Lynch Faces Class Claims Over Customer Cash Use
Back in June, Merrill Lynch Pierce Fenner & Smith Inc. agreed to pay $57 million in disgorgement and interest
02/28/2017
New Finra Arbitration Claims Fall 14%
No more than a quarter of cases have been decided by arbitrators in at least four years.
02/28/2017
Merrill could pivot on fiduciary pledge
With over 14,500 advisers and more than $2.1 trillion in client balances, Merrill Lynch is something of a trend setter for the industry.
02/28/2017
Future of California’s Marijuana Laws Appears Hazy
The extent to which the current administration will attempt to enforce federal marijuana laws in more permissive states is anyone’s guess.
02/28/2017
Rolling Back Dodd-Frank: Is It A Good Idea?
During the financial crisis, the government wisely resisted calls to formally nationalise the banking industry
02/28/2017
UK & US Fintech Working Group to explore regtech
The increasingly complex interplay, and overlapping responsibilities, between federal and state regulators also provides challenges for US financial regulators
02/28/2017
What Do The SEC and Robo-Advisors Have In Common
Robo-advisors are a growing trend.
02/27/2017
Europe and American Financial Regulatory Outlooks Could Diverge
The idea of repeating the conditions that were in place before the crisis is something that is very worrisome.