10/24/2016
SEC Charges Board Member With Insider Trading
He allegedly placed four more orders within an hour after the meeting ended.
Legal, Regulation & Compliance
10/24/2016
U.S. to seek ex-HSBC executive's extradition from Britain
The probe led to four banks last year pleading guilty to conspiring to manipulate currency prices.
10/24/2016
‘Lions hunting zebras’: Ex-Wells Fargo bankers describe abuses
Wells Fargo would like to close the chapter on the sham account scandal
10/24/2016
SECs Record-Setting Enforcement Actions Credited to Securities Fraud Whistleblowers
Whistleblowers across the globe aided in uncovering misconduct and contributed heavily to the overall success of the SEC’s fight against fraud.
10/20/2016
Platinum Partners' hedge fund holding Norman Seabrook's $20M investment files for bankruptcy
He got a $60,000 bribe in a black Ferragamo bag and luxury trips in return, officials said.
10/20/2016
FINRA: Merrill's system failures produced millions of inaccurate trading records
Merrill Lynch settled the case without admitting or denying the charges, but accepted the entry of FINRA's findings into its disciplinary record
10/20/2016
Alston & Bird's Jim Evans on California's choice of law ban
State and federal courts in California have been invalidating such agreements for years
10/20/2016
FINRA Receives SEC Approval to Require Member Firms to Report Treasury Transactions to TRACE
The requirement will apply to all Treasury securities except savings bonds.
10/18/2016
Massive Art Forgery Ring Reinforces Need For Vigilance Among Buyers
Art forgery headlines are far from uncommon
10/18/2016
Behind the Scenes of the SEC’s Risk-Based Exams
SEC Created a New Office of Risk and Strategy within OCIE
10/18/2016
RegTech AI: SMEs And Banks To Benefit
The UK’s Financial Conduct Authority issued a call for input, in 2015, and regulators are encouraging innovation.
10/18/2016
Debevoise Advises HarbourVest in the Acquisition of the Investment Portfolio of SVG Capital for £806.6 Million
Following the acquisition, the board of SVG Capital expects approximately £1,118 million to be returned to shareholders through a series of tender offers and the winding up of the company.
10/17/2016
Prominent international tax attorney Steven Cantor found dead at 66
Our community and our country lost one of their best.
10/17/2016
Deutsche Bank considering changes to U.S. strategy
It is fighting the fine but could have to turn to investors for more money if it is imposed in full.
10/14/2016
UK to force suspected criminals to reveal source of wealth
The bill will also introduce a new criminal offence for companies who fail to prevent tax evasion.
10/14/2016
RBS banned from managing retirement funds and plans in U.S.
An RBS representative couldn’t immediately be reached for comment.
10/13/2016
160 Investment Advisers or Investment Companies Hit with Disciplinary Action in 2016
The enforcement program continues to be a resounding success holding executives, companies and market participants accountable for their illegal actions
10/13/2016
Deutsche Bank Fined by SEC Over Failure to Guard Research
Deutsche Bank also published an improper research report and failed to properly preserve and provide certain electronic records sought by the SEC during its investigation.
10/13/2016
SEC Said to Demand That Cooperman Agree to Hedge Fund Suspension
He’s repeatedly denied wrongdoing and said his firm met with the SEC before it filed the lawsuit to explain why its allegations were totally unwarranted.
10/12/2016
Ex-Merrill Broker Charged Over $1M Theft
He then wrote checks to himself from the chamber of commerce bank accounts, amending the transfers with notes such as “IRS attorney payment” in the subject line, prosecutors say, according to Law360.