03/08/2016
Colorado Moves to Close Offshore Tax Loopholes
Fortune 500 companies now hold a record $2.4 trillion outside U.S. borders
Legal, Regulation & Compliance
03/07/2016
Obama to meet with financial regulators ahead of new rule
The brokerage industry largely opposes the new rule.
03/07/2016
Appleby Sponsors Global Fund Finance Symposium
Appleby also had an opportunity to contribute through its exclusive sponsorship of the official networking reception.
03/07/2016
Visium Hedge Fund Being Investigated by Justice Dept. and S.E.C.
The authorities are also looking at Visium’s trading of certain securities and the firm’s use of a consultant more than five years ago.
03/07/2016
Michigan Family Office Employee Charged Money Laundering and Fraud
His money laundering charge is connected to the purchase of land on Lake Michigan.
03/04/2016
FINRA Ejecting Firms That Skip Out on Arbitration Bills
Senator Warren questioned whether industry self-regulation really works, pointing to two recent studies that showed brokers and firms put consumers at risk through unpaid arbitration awards and unchecked advisor misconduct.
03/04/2016
20 Caribbean, Latin American Nations Named Major Money Laundering Countries
Antigua and Barbuda made the list again because the U.S. government says its offshore center continues to be vulnerable to money laundering and other financial crimes.
03/03/2016
Gilead Sciences, Inc. (GILD) Shares Bought by Rothschild Investment Corp IL
Other large investors have also made changes to their positions in the company.
03/03/2016
Schlumberger Limited. (SLB) Shares Bought by Rothschild Investment Corp IL
Other hedge funds and other institutional investors also recently modified their holdings of the company.
03/02/2016
BNY Mellon's Pershing Launches Two-Part Series on Fiduciary Practices and Conflicts of Interest for Broker-Dealers and Hybrid Firms
The whitepaper points out the ways dually registered financial professionals will face increased scrutiny with their investment recommendations.
03/02/2016
Private Equity, Venture Capital and Hedge Fund Manager Annual Update
Registered investment advisers are required at least annually to review the adequacy of their policies and procedures
03/02/2016
US probing Barclays hiring practices in Asia
About 10 banks in the United States and Europe have said they are being investigated by US agencies over aspects of their foreign recruiting.
03/01/2016
FINRA Approves Enhanced Price Disclosure to Retail Investors in Fixed-Income Securities
The disclosure requirement will not apply to transactions in fixed-price new issues
03/01/2016
Trader's ouster at JP Morgan affirms commitment to compliance
A Finra spokesman said the regulator will review the firing as a matter of practice as it does with all dismissals for cause.
03/01/2016
SEC Said to Pressure Lloyds on Disputed CoCo Bonds Tender Offer
The U.S. Securities and Exchange Commission pushed Lloyds Banking Group Plc to give bondholders more details on the terms of its buyback offer as the British bank prepares for a legal battle with creditors in the U.K. Supreme Court
03/01/2016
Trader's ouster at JP Morgan affirms commitment to compliance
A Finra spokesman said the regulator will review the firing as a matter of practice as it does with all dismissals for cause.
02/29/2016
Global law firm to Establish Global Business Services Center in Louisville, Kentucky
The move follows a strategic review of how the firm provides business services support
02/29/2016
US Fed Has Limited Influence on Russian Markets - Russian Central Bank Head
Russian Central Bank head said that US Federal Reserve has no direct influence on the Russian market.
02/29/2016
Local big deals set 2015 records; 2016 looks strong
Both numbers are records since Crain's started running its list of big deals more than two decades ago
02/29/2016
Mystery Malaysian High Roller at Center of Global Laundering Probe
He arrived from out of nowhere in 2009, a mysterious, geeky 28-year-old dropping ridiculous amounts of money all over the city.