09/05/2015
SEC Charges Hedge Fund Adviser with Taking Unearned Management Fees
Two Accountants Charged With Performing Deficient Audit of Fund
Legal, Regulation & Compliance
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
Market woes prompt regulator to warn on securities-based loans
Brokers have been building big books of securities-based loans to wealthy clients over the past few years.
09/02/2015
UBS Unit to Pay More Than $2.9 Million to Investors in Puerto Rico
Bank’s wealth-management unit ordered to pay two investors for losses tied to island’s municipal bonds
09/02/2015
UBS Settles With Pursuit Partners Over 'Crap and Vomit' Suit
The deal was struck the day before a trial in the long-running case was to begin.
09/02/2015
AIFMD Passport – Extension Denied to the US, Hong Kong and Singapore
The AIFMD passport is currently only available to EU AIFMs and EU AIFs.
09/02/2015
FATCA List – September 1, 2015
Under FATCA, firms have to report financial data held on file about any accounts controlled by US customers.
09/01/2015
China C.bank to set up $10 bln Latin America investment fund
Areas in which the fund will invest include manufacturing , hi-tech, agriculture, energy and mining companies, as well as infrastructure projects.
08/31/2015
U.S. appeals court says bondholders can't seize Argentina's reserves
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
Daniel Zwirn Forges Partnership With Canadian Investment Firm
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
Companies are Looking to “Invest” in High-Net-Worth Divorces
Litigation financing moves into a new realm
08/28/2015
Ex-Brokers Hit Morgan With $20M Whistleblower Suit
Morgan denies the allegations.
08/28/2015
Proposed regulations regarding disguised payments by partnerships for services with a focus on management fee waivers
These regulations are intended to address (among other things) waivers of certain management fees by private equity fund managers in exchange for increased future payments.