08/19/2015
SEC fines RIA $2.8 million and bars owner in 'Madoff of Main Street' case
Holds owner of Total Wealth Management, Jacob Cooper, liable in case where losses are expected to total as much as $44 million
Legal, Regulation & Compliance
08/19/2015
LLCs, Private Jets Don’t Always Fly Smoothly
But that’s where it gets tricky. Wealthy folks typically run afoul of the FAA’s rules because they are unaware of the rules between the two forms of licenses.
08/18/2015
FinCEN: Precious Metals Dealers Using the Blockchain Need Licensing
FinCEN has ruled that businesses using Bitcoin’s blockchain to transfer precious metals are considered money transmitters.
08/18/2015
Former forex traders challenge Citi over dismissal
The authorities found that Citi and other banks attempted over a period of almost six years to have rigged key foreign exchange benchmarks, including at least one provided by central banks.
08/18/2015
The $100 Million Feud: Kramer vs. Perella Weinberg
Kramer is widely regarded as one of Wall Street's top bankers in the business of corporate restructurings and bankruptcies
08/18/2015
Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges
CGMI and CAI failed to control the misrepresentations made to investors as their employees misleadingly minimized the significant risk of loss
08/18/2015
N.J. hedge fund manager cleared of Carter's insider trading charges
It came as prosecutors are facing increasing challenges in their ability to pursue insider trading cases
08/14/2015
Here's What's Next for DoL Fiduciary Rule
The wide range of participants at the hearings was further testament to the breadth of its potential impact
08/14/2015
Edward Jones Pays $20 Million to Settle Muni Price Fraud Charges
The regulator claims, because of the pricing-related fraud, Edward Jones customers paid at least $4.6 million more than they should have when purchasing new bonds
08/14/2015
Scott+Scott Announces Five Additional Settlements Totaling More Than $2 Billion in FX Litigation
As the complaint details, the conspiracy affected dozens of currency pairs
08/14/2015
Nine banks agree to pay $2bn to settle forex rigging suit in the US
Banks accused of foreign exchange rate rigging have agreed to pay major sums of money in settlements to investors
08/13/2015
SEC Charges ITG With Operating Secret Trading Desk and Misusing Dark Pool Subscriber Trading Information
ITG agreed to admit wrongdoing and pay disgorgement of $2,081,034
08/13/2015
SEC Charges 32 Defendants in Scheme to Trade on Hacked News Releases
Hackers, Traders Allegedly Reaped More Than $100 Million of Illegal Profits
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.
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