08/13/2015
SEC Charges Former Software Executive With FCPA Violations
The SEC’s order finds that Garcia violated the anti-bribery and internal controls provisions of the Securities Exchange Act of 1934.
Legal, Regulation & Compliance
08/12/2015
Former Director of Virgin Islands Public Finance Authority and Others Charged With Conspiracy and Bribery
This case is being investigated by the FBI’s San Juan Division
08/12/2015
SEC Is Dealt Fresh Defeat As NY Judge Halts Enforcement Case
His decision is significant because many SEC cases arise from activities in the financial services industry in Manhattan, and sets a precedent for judges in his court.
08/12/2015
FINRA Fines Real Housewifes' Family Firm For Getting Naked
If the shares are not delivered by the appropriate date, SEC's Reg SHO requires the firm to take affirmative action to close out the failure to deliver by purchasing or borrowing the securities
08/12/2015
Ex-Fund Manager Mark Bloom Gets Three Years in Fraud Case
Bloom’s crimes were largely committed at North Hills
08/12/2015
Brazil senator aims to raise taxes on bank income
Hoffman said in an interview that she will propose increasing the so-called "social contribution of net income" tax rate
08/11/2015
A Potential Alternative to Divorce
The utility of postnuptial agreements
08/11/2015
State Farm hit with excessive fees suit over target date funds
Plaintiffs accuse firm of receiving almost half of the management fees while a sub-adviser did most of the work
08/11/2015
Guggenheim settles for $20 million over not disclosing loan -SEC
The SEC order also found that Guggenheim improperly charged a client $6.5 million in asset management fees
08/11/2015
Tampa fund manager to plead guilty to Facebook investment fraud
According to his plea agreement, Movalia “made material misrepresentations and omissions through OM Investment Management
08/11/2015
Citigroup in $13.5 million settlement over defunct CSO hedge fund
The preliminary settlement was filed in Manhattan federal court and requires court approval.
08/11/2015
New SEC Rule Will Not Fix CEO Pay Gap
Ostensibly a tool for institutional investors, it will more likely be used as raw meat for sensationalist media headlines
08/11/2015
The Cyber-Insider: Mystery Money Manager Arrested in Hacking
He seems like an American success story: an ambitious Russian who came to the U.S. and went from business school to Wall Street to his own hedge fund.
08/11/2015
Puerto Rico Investors Win Relief From UBS
Cases were decided by arbiters from Finra
08/11/2015
Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations
U.S. regulators could levy large fines over alleged wrongdoings
08/10/2015
Disclosing CEO-worker pay gaps makes no sense for Wall Street banks
The pay gap rule has already received criticism for a number of reasons.
08/10/2015
New OCC Task Force on Banking Innovation
We’re still early in the process, so I can’t tell you exactly where we’ll end up
08/07/2015
Ex-Wells Fargo Compliance Officer Spared Penalty in U.S. SEC Case
But SEC Administrative Law Judge Cameron Elliot, who presided over a trial before the agency's in-house court
08/07/2015
'Money Guys' firm sues Maryland securities division
In June, Frosh's office said it wanted to permanently bar "Money Guys" infomercial star Philippe Rousseaux from offering investment services in Maryland.
08/07/2015
Ruling Expected Soon in Challenge to NYC Banking Law
The outcome could be an important precedent in relation to similar laws in other cities.