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.
Legal, Regulation & Compliance
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.
08/28/2015
UBS to pay $1.7 million settlement over sanctions case - U.S. Treasury
A UBS spokesman said OFAC agreed that the bank's conduct in this case "was not egregious.
08/28/2015
Family Limited Partnerships' Future in Question
These have been available for estate planners for the last two decades
08/28/2015
‘Flash Crash Trader’ Sarao Fails to Delay Extradition Case
He asked a London judge for more time to prepare an expert report on trading
08/27/2015
Judge dismisses HFT case against Barclays and US exchanges
In a statement, Barclays said it was “pleased with the court’s thorough and well-reasoned decision dismissing all the allegations in the complaints
08/26/2015
Will the SEC Pay-Ratio Rules Help Shareholders?
A closer look at how the controversial new metric affects institutional investors.
08/26/2015
You know it's bad when NYSE invokes Rule 48
It's only used in the event that extremely high market volatility is likely to have a floor-wide impact
08/26/2015
Former JPMorgan analyst arrested for insider trading
A former JPMorgan Securities analyst was arrested and charged in an alleged insider trading scheme that netted more than $600,000.
08/25/2015
FINRA Fines Charles Schwab & Co., Inc. $2 Million for Net Capital Deficiencies
The deficiencies arose because on each of those dates, Schwab had inflows of cash that exceeded the amounts it could invest with existing facilities, so instead, Schwab transferred $1 billion to its parent company for overnight investment.
08/25/2015
Two Swiss Banks Reach Resolutions under Justice Department's Swiss Bank Program
Two more Swiss banks have reached resolutions with the Justice Department under its Swiss Bank Program.