01/30/2017
Tweaking Chat Trips Up Ex-Jefferies Bond Trader Jesse Litvak
But he faces a prison term and is unlikely to return to Wall Street.
Legal, Regulation & Compliance
01/30/2017
King & Wood Mallesons Collapse Kept Recruiters Busy
It has been a very good year for headhunters I can’t ever remember the market being so busy.
01/30/2017
BNP Paribas Escapes Victims’ Suit Over Terrorist Bombings
There was no clear connection between the business the bank did with the sanctioned country in the '00s and the 1998 attacks.
01/29/2017
Morgan Stanley to Cut Fees, Keep Commissions Despite DOL Doubts
While speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest, redundant offerings
01/27/2017
N.J. trial lawyers launch new boutique firm
The market has changed and instead of seeking a larger platform, we wanted a smaller, more personal, platform that will enable us to adapt to those changes and react nimbly and quickly to client needs.
01/27/2017
SEC Charges Two Former Och-Ziff Executives With FCPA Violations
The SEC is seeking monetary penalties against Cohen and Baros among other remedies.
01/27/2017
Prudential Says Trio in Whistle-Blower Case Fired for Misconduct
Employees claim wrongful firing over MyTerm sales review
01/27/2017
CFTC Orders Chicago-based E*TRADE Securities LLC and E*TRADE Clearing LLC to Pay a $280,000 Civil Monetary Penalty
The Order recognizes the cooperation of E*TRADE Securities and E*TRADE Clearing in this matter.
01/26/2017
UBS Profit May Trail U.S. Peers on Litigation Reserves, Trading
The Zurich-based lender is the first of Europe’s big global banks to report fourth-quarter earnings.
01/25/2017
Canada, Ireland set for AIIB as China pushes global agenda
Ireland, Canada, Ethiopia and Sudan are understood to be among the 25 countries expected to join this year
01/24/2017
Private equity firm backs Halesowen insurance firm's management buy-out
Tim Smallbone and Jonathan Ma will join MyPolicy's board on completion of the deal.
01/24/2017
SEC Announces $7 Million Whistleblower Award
No money has been taken or withheld from harmed investors to pay whistleblower awards.
01/24/2017
New York Representatives Ask Director Lee to Investigate IPRs Filed by Hedge Funds and Other Non-Practicing Third Party Petitioners
The Patent Trial and Appeal Board instituted trial for eighteen of these petitions.
01/23/2017
Stock rally in recent months driven by global economy, not Trump
But currently, if you look at the currencies, we are sort of hands off.
01/23/2017
2017 to be year of independent broker-dealer mergers
A looming fiduciary rule, combined with regulations limiting product sales, have experts predicting more consolidation is inevitable.
01/23/2017
J.P. Morgan Asset Management Signs Letter of Intent to License with Precidian Investments LLC
Precidian is seeking approval for use of ActiveShares from the SEC.
01/20/2017
Slovenia and US confirm recognition of pension insurance
The agreement will make it easier for many highly skilled Slovenians to return after a period of work in the US
01/20/2017
Trending cybersecurity disclosures
Should public companies disclose information about vulnerabilities to, and costs of preventing and responding to, cyberattacks in their periodic reports filed with the U.S. Securities and Exchange Commission (SEC)?
01/20/2017
Deutsche Bank Sued in U.S. by Jewish Trust Over $3 Billion
All proceedings initiated against Deutsche Bank in this matter have been decided in favor of Deutsche Bank.
01/20/2017
Indicted CEO Can't Escape Securities Fraud Charges
Wey, head of New York Global Group, was charged in September 2015