10/01/2015
Credit Suisse receives QPAM exemption from DOL
The company, which managed $15.6 billion for U.S. institutional tax-exempt clients as of Dec. 31
Legal, Regulation & Compliance
09/30/2015
SEC Charges UBS Puerto Rico and Two Individuals in Actions Relating to Former Broker’s Fraud
UBSPR Reaches $34 Million Settlement With SEC, FINRA
09/30/2015
Cyril Amarchand Mangaldas facilitates acquisition of Bank of America’s Private Wealth Management Business by Julius Baer Group
The Cyril Amarchand Mangaldas team which advised Bank of America Corporation was led by Mumbai based managing partner Cyril Shroff
09/30/2015
Senate panel ponders if Stanford Ponzi scheme victims should be compensated
Stanford, who ran the investment scheme that involved CDs from a foreign bank, was sentenced in 2012 to 110 years in prison for organizing what prosecutors said was an illegal Ponzi scheme.
09/29/2015
SEC Charges Trinity Capital Corporation and Former Bank Executives With Accounting Fraud
The SEC’s complaint filed against Cook and Pierce alleges they violated or aided and abetted violations of the antifraud
09/29/2015
Wildest Market Swings Since 2008 Put Regulators On Edge
2015 is already the most volatile calendar year since 2008
09/29/2015
Special Report: The 2015 Global 100
This year is no different, with total Global 100 revenue rising 4.5 percent, to $92.7 billion
09/29/2015
Despite Resistance, Law Firms Invest in Sales Staff: Survey
The idea still faces a good deal of resistance
09/29/2015
Morning Briefing: Top law brands named
The ranking of global brand equity follows a survey of more than 2,300 general counsel.
09/29/2015
Horndog CEO asks judge for permission to see ‘Swan Lake’
Bouveng’s lawyer bashed Wey’s request in his own letter to Nathan.
09/29/2015
Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program
These banks will collectively pay penalties totaling more than $18 million.
09/29/2015
Boaz Weinstein’s Saba Capital Sued By Canadian Pension Fund
Based on filings in the lawsuit, PSP said it invested a total of $500 million in 2012 and 2013 into Saba’s offshore fund
09/29/2015
PANC 2015: Adding Wealth Management to Your Practice
Executives provide practical and legal tips for adding wealth management to your practice.
09/29/2015
RBC’s Appeal on Merger Ruling Has Banks Concerned
Financial advisers have traditionally not been sued for errors or conflicts of interest in M&A deals
09/28/2015
SEC Charges Individual and Firm for Manipulative Press Release Announcing Takeover Bid
The SEC’s order found that G Asset’s press release was misleading
09/28/2015
The eagle has landed
In the aftermath of the global financial crisis the firm has differentiated itself by adopting a multi-disciplinary approach to solving clients’ legal issues
09/28/2015
US seeks probation for Ex-UBS banker in tax evasion case
U.S. prosecutors are recommending probation for a former executive at Swiss bank UBS AG because of his extensive cooperation in a long-running U.S. investigation into tax evasion using secret accounts.
09/28/2015
Credit Suisse to Pay $4.25 Million and Admits to Providing Deficient “Blue Sheet” Trading Data
Credit Suisse Securities (USA) LLC, which is headquartered in New York, New York, agreed to settle the charges by paying a $4.25 million penalty and admitting it violated the recordkeeping and reporting provisions of the federal securities laws.
09/27/2015
Breaking away for the wrong reason
Regulators are concerned that brokers are jumping into the RIA channel to take advantage of a lax regulatory climate
09/25/2015
Sullivan & Cromwell launches second segment of Financial Institutions Insights, an ongoing video series to share insights on key industry developments.
The interviews are conducted by Lee Pacchia, Founder and CEO of Mimesis Law.