09/05/2015
Geneva wealth managers pay defrauded investors to settle Madoff case
Prosecutors told a Geneva court at the time that the directors had enriched themselves on management fees, finder fees and commissions paid for fictitious returns that were never verified.
09/05/2015
SEC Charges Hedge Fund Adviser with Taking Unearned Management Fees
Two Accountants Charged With Performing Deficient Audit of Fund
09/05/2015
Bank of America exec arrested for wrestling topless Times Square performer
Accusing her of stealing his wallet (even though she had nowhere to hide it)
09/04/2015
Schroders’ Swiss Bank Pays $10.4 Million in Deal With U.S.
The Department of Justice has announced that Schroder & Co. Bank AG has reached a resolution under the department’s Swiss Bank Program.
09/04/2015
JP McManus in legal bid to recover $5.2m from US taxman
Businessman says tax was wrongly withheld from $17m in US gambling winnings in 2012
09/03/2015
Canadian wealth management firm behind Cayman Islands trading scheme identified
Victims of the scam, as well as eyewitnesses with first-hand knowledge, have identified the Canadian investment firm
09/03/2015
SEC Charges Advisory Firm With Fraud for Improperly Retaining Fees
The SEC’s order finds that Taberna, which is a subsidiary of RAIT Financial Trust, violated Section 15(a) of the Securities Exchange Act of 1934
09/03/2015
Voya Launches Hybrid Platform for Advisors
For existing Voya advisors who meet the eligibility requirements and are already registered as investment advisors
09/03/2015
Taberna Capital Pays $21.5 Million to Settle SEC Charges
Taberna agreed to pay a $6.5 million penalty
09/03/2015
Fraud-related case continued
Investigators allege there had been multiple incidents of obtaining property by false pretenses.
09/03/2015
Brokers have been building big books of securities-based loans to wealthy clients over the past few years.
09/02/2015
Bank’s wealth-management unit ordered to pay two investors for losses tied to island’s municipal bonds
09/02/2015
The deal was struck the day before a trial in the long-running case was to begin.
09/02/2015
The AIFMD passport is currently only available to EU AIFMs and EU AIFs.
09/02/2015
Under FATCA, firms have to report financial data held on file about any accounts controlled by US customers.
09/01/2015
Areas in which the fund will invest include manufacturing , hi-tech, agriculture, energy and mining companies, as well as infrastructure projects.
08/31/2015
Argentina is lobbying internationally for tighter controls on the activities of junk debt specialists, which President Cristina Fernandez's leftist government brands "vultures.
08/30/2015
Arena Investors, which currently has around $15 million of Mr. Zwirn’s family money, will invest money on behalf of institutional investors including insurance companies
08/28/2015
Litigation financing moves into a new realm
08/28/2015
Morgan denies the allegations.