12/22/2015
David Haigh: Former Leeds United managing director to spend Christmas in Dubai jail after offensive tweets accusations
If convicted he faces a maximum penalty of three years imprisonment and a fine of £5,500
Legal, Regulation & Compliance
12/22/2015
Son Found Fit to Stand Trial in Murder of Hedge-Fund Founder
Manhattan judge’s ruling clears the way for Thomas Gilbert Jr. to be tried
12/22/2015
SEC Proceeding With Amended Case Against Stevie Cohen
The civil case led by the SEC has been on hold since July 2013
12/22/2015
Shkreli 'Was Running Turing Like a Hedge Fund'
Shkreli, who caused outrage after hiking prescription drug prices, was arrested by the FBI on Thursday
12/22/2015
Swiss “justified” in giving UBS bank data to US
UBS was fined $780 million
12/21/2015
Rothschild agrees in US tax dispute
Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the program.
12/21/2015
Report :Julius Baer Seeks Deal With US To Settle American Offshore Accounts Case
Representatives from Baer will meet with U.S. officials in the coming week for negotiations, the report said.
12/20/2015
Finra sanctions Fidelity Brokerage Services $1 million for supervisory failures
FINRA found that Fidelity failed to detect or adequately follow up on multiple "red flags" related to Lewis's scheme
12/20/2015
J.P. Morgan to Pay $307 Million Over Client 'Steering'--Update
A J.P. Morgan spokesman said the bank had enhanced its client disclosures over the last two years.
12/18/2015
JPMorgan Expected To Pay Financial Regulators $200 Million Over Client Steering Allegations
JPMorgan Chase & Co. is expected to settle charges over what the bank has called "conflicts" in its asset management division.
12/18/2015
Three further Swiss banks pay US fines
The Department of Justice has announced that Bordier & Cie Switzerland (Bordier), PBZ Verwaltungs AG (PBZ) and PostFinance AG reached resolutions under the department’s Swiss Bank Program. These banks collectively will pay penalties of more tha
12/18/2015
Three further Swiss banks pay US fines
The Department of Justice has announced that Bordier & Cie Switzerland (Bordier), PBZ Verwaltungs AG (PBZ) and PostFinance AG reached resolutions under the department’s Swiss Bank Program. These banks collectively will pay penalties of more tha
12/18/2015
UBS Recruiting Ignites Raiding Claim, Spoils Credit Suisse-Wells Fargo Deal
The arrangement with Wells Fargo gives the wirehouse the inside track on Credit Suisse's U.S.-based advisors.
12/17/2015
Ex-Rabobank Traders Call Libor-Rigging Evidence Tainted
The defendants argued the prosecution was tainted because of testimony by the government’s star witness
12/17/2015
State brass slaps money managers with fine
Suspect or not, the state officials believe Everest used misleading language in their ads and infomercials
12/17/2015
Hedge Fund Manager Pleads Guilty In $59M Fund Collapse
Owen Li surrendered Wednesday morning shortly after the criminal information was filed
12/17/2015
Toronto Advisor Wanted in Random Attack
Low interest rates and weak personal income growth spell bad news for employees’ retirement accounts
12/16/2015
Big law firm with Denver officer completes its largest merger ever
The deal adds 58 partners, six counsel and 18 associates to Fox Rothschild.
12/16/2015
US and Chinese Financial Intelligence Units sign Memorandum of Understanding to facilitate information sharing
Regulators are working more closely than ever before
12/16/2015
SEC: Hedge Fund Adviser Lied to Investors
The Securities and Exchange Commission today barred a hedge fund adviser from the securities industry for making a series of false statements to investors and ultimately causing a fund’s collapse.