08/10/2016
Fugitive Mexican Mayor Claims U.S. Seizure of Offshore Bank Accounts is a Lie
Some of that money was deposited in the Bermuda account and other U.S. bank accounts which was used to purchase real estate in Texas.
Legal, Regulation & Compliance
08/10/2016
U.S. Said to Prepare Case Against Former Goldman MBS Trader
The SEC is preparing the case, and the two sides may try to reach a settlement, the people said.
08/09/2016
Barclays reaches US$100 million US Libor settlement: NY attorney general
Barclays first of several banks to reach settlement
08/08/2016
Wegelin Whistleblower Couple Awarded $17 Million
The two were awarded $17 million by a U.S. court this week for their role in bringing down Wegelin.
08/07/2016
Trinidad To Legislate FACTA Compliance
Stuart Young, minister in the Office of the Prime Minister, told reporters that the legislation would require the support of the Opposition since it would need a special majority to pass.
08/05/2016
The SEC Had Questions About a Bank of America Executive's $15.5 Million Pay Package
After a back and forth between Bank of America and the SEC, the commission responded in a June 22 letter
08/05/2016
California crimebuster joins Bakers
He joins a Bay Area practice that has 18 former prosecutors on staff, and which is heavily involved in representing clients in Silicon Valley.
08/05/2016
U.S. Appeals Ruling That Throws Out Crisis-Era Bank of America Case
U.S. Appeals Ruling That Throws Out Crisis-Era Bank of America Case
08/05/2016
Neuberger Berman sued for excessive 401(k) fees
Another financial services company has been targeted for costly proprietary investments in its 401(k) plan, leading to allegations of self-dealing at the expense of employees
08/04/2016
New law firm investigating hedge fund Platinum Partners for possible fraud
Investor-rights law firm starts probe against Platinum and its funds
08/04/2016
New York Life Sued In First-Ever 'Index-Fund-Only' Fiduciary Breach
New York Life and its subsidiaries own and operate the MainStay index fund.
08/04/2016
FINRA fines Barclays $1.3 million for order reporting violations
FINRA rules require firms to transmit to OATS complete and accurate data relating to events in the lifecycle of an order, called Reportable Order Events. FINRA found 15 system issues at Barclays Capital that gave rise to OATS reporting violations.
08/03/2016
Former Citizens Bank rep, relationship manager barred from industry
He worked for both the bank and Citizens Securities in Arlington, Mass.
08/03/2016
JPMorgan Chase docked over prisoner debit cards
US bank settles class-action lawsuit claiming it stung former inmates with exorbitant charges
08/03/2016
JPMorgan Pays Inmates for Fees on Get-Out-of-Jail Debit Card
JPMorgan’s contract with the Federal Bureau of Prisons was a scheme “to exploit one of the most vulnerable groups imaginable -- releasees from federal corrections facilities”
08/03/2016
Raymond James fights back in $350M Vermont fraud case
The suit also maintains that the allegations are already being addressed in a separate class action complaint.
08/03/2016
JPMorgan Chase docked over prisoner debit cards
US bank settles class-action lawsuit claiming it stung former inmates with exorbitant charges
08/02/2016
Argentine securities regulator sees market boost from tax amnesty
Financial instrument investment has long been light in Argentina, Latin America's third largest economy
08/01/2016
CRA convicts a fraction of offshore tax evaders: Exclusive
Documents obtained by the Star show Canada is lagging far behind other countries in convicting tax cheats who exploit offshore tax havens.
07/29/2016
Fund lawyer who worked With Goldman holds 1MDB clues, US says
After one of the big sales led by Goldman Sachs, $5 million of the cash raised for 1MDB traveled through shell companies and ended up in her Swiss bank account, the U.S. said in complaints filed last week.