07/14/2016
SEC Proposes Making Brokers Reveal Where Client Orders Go
Brokers would also need to publicly release the details on an aggregate level in reports, which would be posted on the SEC’s website.
Legal, Regulation & Compliance
07/14/2016
American Bankers Association: “Banks Have Always Embraced Innovation”
It was interesting to hear all of the witnesses share their perspectives on the nascent online lending sector.
07/13/2016
HSBC avoided criminal charges over fears of ‘systemic risk’
The bank identified about 2,200 of its 35,000 Cayman Islands U.S. dollar accounts as high risk because of either suspicious activity or due to a lack of information about the account owners.
07/13/2016
Warns Federal Reserve Against Rate Hikes Amid Banking Contagion
The Fund's main concerns are the looming fallout in the banking sector, potential Brexit spillovers and the ongoing creeping slowdown of the overall US economy.
07/12/2016
This Lawyer Felt an Irresistable Tug Back to Big Law
They departed Big Law to form their own boutique
07/11/2016
Law industry's alternative-fee pioneer pivots
But the number of firms saying they, too, offer pricing choices has risen, making it harder for Valorem, despite its early embrace of alternative fees.
07/11/2016
Smoked: Reg CF Doesn’t Work for Marijuana Industry Entrepreneurs
As with most startups, seed capital is needed to get things going.
07/11/2016
The SEC's case against Dawn J. Bennett
The adviser boycotted her enforcement hearing, but that may not stop the regulator from throwing her out of the securities industry
07/08/2016
Bank Cyber Attacks Said to Prompt Fed to Prepare New Safeguards
The Federal Reserve is leading other agencies in crafting the protections, which would be minimum standards, said the people who asked not to be named because work on the measures isn’t public.
07/08/2016
DOJ Investigating Facebook for Suspected Irish Tax Dodge
The court filing says the documents relate to an IRS examination of the company’s federal income tax liability for the year ending Dec. 31, 2010.
07/07/2016
Top Dallas Law Firms Merge with Launch of Loewinsohn Flegle Deary Simon
New 15-lawyer firm handles high-stakes litigation, employment, bankruptcy, GC services
07/07/2016
Investment adviser to plead guilty to running a $21 million Ponzi scheme
Patrick E. Churchville also accused of using $2.5 million of investor funds to help him buy a house in Barrington, R.I.
07/07/2016
Wall Street scion Caspersen pleads guilty to $38 million fraud
It was just a means for me to get money to feed a gambling addition that was all consuming at the time.
07/06/2016
Bloomberg BNA Unveils New Portfolio On Global Equity Plans For Multinational Clients
Many global employers desire to include their employees worldwide in the ownership of an enterprise.
07/06/2016
Goldman Executive Says Libyan Internship Was to Help Win Future Business
Goldman Sachs Group Inc. awarded an internship to the younger brother of an official at Libya’s sovereign-wealth fund in 2008 because it expected the younger brother to join the fund and potentially become an important client, an executive at the Wa
07/05/2016
FT North America Innovative Lawyers private practice category open
Law firms are invited to submit to three broad sections: legal expertise, the business of law and social responsibility.
07/05/2016
US Top 20 Bank Selects Lombard Risk to Provide Regulatory Reporting Solution
By not having to reformat source data, time and cost is saved and numbers can be easily validated allowing the bank to institute effective risk data aggregation and risk reporting.
07/05/2016
Singapore’s Banking Secrets - Not So Secret Anymore
But this focus on extra-territorial tax evasion has not been confined to Switzerland.
07/03/2016
Two US funds sue DBS Bank, OCBC for Singapore rate rigging
In 2013, Singapore's Monetary Authority of Singapore (MAS) censured a record 20 banks
07/01/2016
Banks Press for Extension on Risk-Taking Rule
Fed is likely to extend the period for banks to divest some holdings in hedge funds, private-equity to comply with Volcker rule