09/10/2015
Nomura Traders Plead Not Guilty to Deceiving Bond Customers
Each defendant was released on $1 million bond and ordered to surrender his passport.
Legal, Regulation & Compliance
09/09/2015
FXCM Ordered to Pay More Than $843,000 Over Revelation Forex
The Order also finds that FXCM failed to respond fully to a CFTC document request
09/09/2015
Massachusetts Regulator Investigates BNY Mellon Fund Pricing Snafu
But the fallout that seems only to affect large financial institutions can hit the average investor looking at his and her retirement money.
09/09/2015
CFTC probes JPMorgan for alleged client steering - WSJ
CFTC is investigating why large proportions of Highbridge's assets are coming from J.P. Morgan's private-bank assets and if this factor helped Highbridge stabilize during the financial crisis
09/08/2015
Credit Suisse challenges court order to pay US$288m in mortage suit
Swiss banking giant Credit Suisse on Monday challenged a court ruling ordering it to pay a US hedge fund US$287.5 million (€257.6 million) in a case linked to the burst housing bubble.
09/07/2015
Reserves keep dropping as payment looms
Central Bank coffers are suffering effect of high demand for dollars from savers, importers
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
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.