03/16/2023
Comply Partners with Advyzon to streamline compliance workflow efficiencies for wealth managers
Three strategic integrations with RIA in a Box's MyRIACompliance software creates first-of-its-kind reporting and filing solution
Legal, Regulation & Compliance
03/14/2023
U.S. Quasi-Sovereign Wealth Fund Known as the Exchange Stabilization Fund to Provide Backstop for Bank Term Funding Program
The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP)
03/14/2023
More financial cracks emerge from rate hikes
U.S. authorities have acted quickly to help prevent wider contagion by protecting depositors from the bank failures.
03/13/2023
Signature Bank is the Next US Bank to Fall After SVB
Signature Bank had 40 branches across the country in New York, California
03/13/2023
After SVB failure, US acts to shore up banking system confidence
Writing by Megan Davies, Alexander Smith, Leslie Adler, Simon Lewis and Vidya Ranganathan; Editing by Deepa Babington, Heather Timmons, Diane Craft, Leslie Adler, Sam Holmes, Elisa Martinuzzi and Catherine Evans
03/10/2023
JPMorgan Blames Ex-Private Banking Chief for Epstein Ties, Demands 8 Years of Pay
The bank’s court filings demand Staley hand over all of his compensation from 2006 through 2013 — a figure surpassing $80 million.
03/10/2023
American Banking Giant JPMorgan Is Cutting Ties with Gemini
Over the years, the exchange has broadened its operational reach and expanded its service offerings.
03/01/2023
JPMorgan resists attempts to depose Jamie Dimon in Epstein lawsuits
Bank says its chief executive had no knowledge of decision to keep convicted sex offender on as a client
02/27/2023
TD Agrees to Settle Stanford Matter
TD provided primarily correspondent banking services to Stanford International Bank Limited and maintains that it acted properly at all times.
02/23/2023
JPMorgan says it is not liable for top banker's ties to Jeffrey Epstein
Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment.
02/17/2023
Ex-JPM, Barclays exec Staley discussed Disney princesses with Epstein - lawsuit
The lawsuit claims Staley had a close personal relationship with Epstein and that emails between the two "even suggest that Staley may have been involved in Epstein's sex-trafficking operation".
02/08/2023
SEC Charges Former Advisor for Fraudulently Using Client Assets as Collateral
The commission claims Joshua Coleman raised more than $200 million in loans, opening multiple lines of credit and using clients’ funds without permission.
02/07/2023
Finra arbitrators order Credit Suisse to pay $1.3 million to former rep
The Swiss firm loses another dispute over deferred compensation related to the 2015 closure of its U.S. wealth management operation.
02/07/2023
Ex-Wells Fargo executive accuses superior of rape and bank of slow-footing investigation
The accusations represent another negative mark for a bank that has faced numerous federal inquiries into its practices.
02/07/2023
Former Wells Fargo, LPL Advisor Pleads Guilty in $626K Fraud
Mario Rivero pleaded guilty in New Jersey federal court to charges of wire fraud and securities fraud.
02/02/2023
FINRA Suspends Two NY Reps for Reg BI Violations
Two brokers with the firm Laidlaw & Co. were penalized for excessive trades that were unsuitable for clients.
01/24/2023
In court, Elon Musk doubles down on 'driving factor' behind Tesla 'funding secured' tweet
The billionaire testified for a second day about his 2018 tweet to take the company private.
01/24/2023
FINRA Fines Wedbush $975K Over Trade Supervision Lapses
In a settlement, FINRA said the firm mistakenly believed that third-party b/ds executing the trades were responsible for spotting potential market manipulation.
01/23/2023
Greenwich businessman fined $100K by Connecticut Banking Commission for investment fraud
The companies were all found to have continued offering and selling unregistered securities even after hearings and uncontested cease and desist orders.
01/23/2023
Wall Street money manager is suing his ex wife for $7 million after he said she sent messages to his work email claiming he hired a 'hooker' and had a 'huge pile of STD bills'
A Wall Street money manager said his wife accused him of having STDs in a lawsuit.