12/06/2016
Voluntary Disclosure Window Closing On Bitcoin Users
This is the first nationwide IRS enforcement initiative into the field of convertible virtual currency.
Legal, Regulation & Compliance
12/05/2016
Morgan Stanley Toughens Broker Pay Grid -- WSJ
Bigger producers will be affected, too.
12/05/2016
BTIG Announces Blackstone Tactical Opportunities Strategic Investment
BTIG has been one of the fastest-growing institutional brokerage firms in the US
12/04/2016
Switzerland eyes AEOI with 21 countries
The introduction of the AEOI confirms Switzerland’s international commitment to implementing the AEOI standard
12/04/2016
US-China swaps trades in doubt on margin rule requirements
China is the most important of an estimated 78 jurisdictions with rules that mean the return of collateral isn’t guaranteed.
12/04/2016
Giving pro bono financial advice can provide hope in these divided times
Financial advisers should give back, serving those less fortunate with their counsel and expertise
12/04/2016
Natixis Global Asset Management Announces Investor Approval of Mutual Fund Mergers
As soon as practicable following the mergers, CDIR will be wound up and securities of CDITM will be cancelled.
12/04/2016
Deutsche Bank to pay $60 million to settle US gold price-fixing case
The German bank in October agreed to pay $38 million to settle similar litigation over alleged silver price manipulation
12/02/2016
Banking & Securities Viewpoints - Deloitte
A biweekly digest for executives
12/02/2016
PIMCO Settles Charges of Misleading Investors About ETF Performance
The SEC’s investigation was conducted by Adam Schneir and Brian Fitzpatrick of the Enforcement Division’s Asset Management Unit as well as Kate Zoladz of the Miami office
12/02/2016
SEC Charges Asset Management Fund and Manager
The SEC’s complaint charges Chang and Onix Capital with fraud and seeks return of allegedly ill-gotten gains, prejudgment interest, and financial penalties, among other relief for investors.
12/01/2016
Steve Cohen’s former hedge fund settles insider trading suit for $135M
SAC got the inside info from doctors involved in the clinical trials of Elan’s Alzheimer’s drug, it was alleged.
12/01/2016
Burns & Levinson Wins $6 Million Appeal For Client in Post-Divorce Dispute
Burns & Levinson's lawyers moved to dismiss the case for a number of reasons including lack of subject matter jurisdiction.
12/01/2016
Steve Cohen is paying $135 million to settle an insider trading case from his old hedge fund
The proposed settlement was disclosed in court papers filed on Wednesday in Manhattan federal court and would resolve a class action launched following the arrest of a former SAC Capital portfolio manager, Mathew Martoma, for insider trading.
11/30/2016
Swiss bankers plead not guilty in New York
The charges mark the first time employees of a cantonal bank, which benefit from a state guarantee
11/30/2016
Law firm Eversheds eyes US merger
Eversheds confirmed last night that it was in talks with Sutherland Asbill & Brennan
11/30/2016
Low Cost Demand and Pending Regulation Amplify Pricing Pressure on U.S. Advisory Industry
Advisors are preparing for the impact that the Department of Labor's Conflict of Interest Rule
11/29/2016
Citigroup ‘Glorified Secretary’ Fired After Accusing Boss
She was fired two weeks after reporting a supervisor who demanded she pass along protected inside information so he could be given to favored clients.
11/28/2016
Puerto Rico bondholder groups square off in court
Hedge funds, mutual funds and retail investors each hold roughly one-third of the Puerto Rican debt.
11/28/2016
Why Wells Fargo may dodge fake accounts lawsuit
Wells Fargo is asking for a court to throw out a class action suit from customers who had accounts opened up in their names, without their knowledge, to help bank executives secure bonuses.