10/28/2015
Five Firms Ordered To Pay $18 Million for Mutual Fund Overcharges
More brokerage firms sanctioned as mutual fund overcharges prove to be a widespread problem
Legal, Regulation & Compliance
10/28/2015
US escalates Deutsche Bank probe into Russian trades
Gina Chon in Washington, James Shotter in Frankfurt and Kathrin Hille in Moscow
10/28/2015
Accounting News Roundup: Name Changes; Government Work; Even More Grant Thornton PTO
Major New Mexico accounting firm changing its name, branding [NMBJ]
10/26/2015
Massachusetts Regulator Charges Fidelity Unit over Unregistered Advisors
Fidelity also encouraged that adviser's trading with gifts such as airline frequent-flier files and tickets to a professional sporting event, the complaint states.
10/26/2015
Massachusetts Regulator Charges Fidelity Unit over Unregistered Advisors
Fidelity also encouraged that adviser's trading with gifts such as airline frequent-flier files and tickets to a professional sporting event, the complaint states.
10/23/2015
Insider-trading charges v SAC Capital's Steinberg dropped
Prosecutors have now dismissed or lost on appeal 14 of 87 convictions won during a six-year crackdown on insider trading.
10/23/2015
Central banks urged to raise rates as asset bubble fears grow
It is possible that the present environment of ultra-low rates will persist for some time yet.
10/22/2015
KPMG taps St. Louis as tech hub, adding 175 jobs downtown
St. Louis is one of KPMG’s fastest-growing offices, with revenue more than doubling over the past four years
10/22/2015
Inside Swiss Banks’ Tax-Cheating Machinery
Dozens of firms have been spilling their secrets to the Justice Department about how they encouraged U.S. clients to hide money abroad
10/20/2015
Regulatory Clarity Could Pave Way for Significant Increase in Active ETFs, Says BNY Mellon's Steve Cook
The various proposals being considered by regulators would limit the transparency required for managers of active ETFs.
10/20/2015
Blackstone Nears Deal to Buy NYC’s Stuyvesant Town for $5.3 Billion
A sale to Blackstone would end five years of uncertainty over ownership of the complex, home to about 30,000 residents and one of the last bastions of affordable housing for middle-class New Yorkers.
10/19/2015
FCA bans former UBS trader Adoboli from financial services industry
The Financial Conduct Authority formally stripped him on Friday of gaining any chance of future employment in the regulated financial sector.
10/19/2015
SEC Head Talks Hedge Fund, Private Equity Regulation
Chair Mary Jo White named improper fee and expense practices as one of the US regulator’s primary targets.
10/18/2015
Big Banks to America’s Firms: We Don’t Want Your Cash
Profit-crunching low interest rates have banks judging cash too costly to keep
10/17/2015
JPMorgan, Morgan Stanley pay most in $1.9 bln swaps price-fixing settlement
JPMorgan will pay $595 million, while Morgan Stanley and Barclays will pay $230 million and $178 million, respectively
10/16/2015
Ex hedge-fund honcho who hid computer in ceiling of his lawyer's office convicted of fraud
After he was charged in 2012, Murray lived in a halfway house but was allowed to leave to meet with his lawyer.
10/16/2015
A major hedge-funder in prison for insider trading is being sued by his brother for $14.5 million
In the lawsuit, Rengan Rajaratnam, 45, said Galleon failed to pay him $8.3 million on profits
10/15/2015
Santander to Pay $6.4 Million in Puerto Rico Bond Settlement
Santander neither admitted nor denied the charges
10/15/2015
SEC Charges Six Firms for Short Selling Violations in Advance of Stock Offerings
In the first fiscal year after the Initiative was announced, Rule 105 violations, detected through various means available to the SEC, decreased by approximately 90 percent over the previous six years.
10/14/2015
Ex-Merck Analyst Zwerko Gets Three-Year Insider-Trading Sentence
Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee