08/04/2015
JPMorgan Questioned on Private Bank’s Hedge Fund Disclosures
The firm is responding to and cooperating with the relevant authorities
Legal, Regulation & Compliance
08/04/2015
FINRA Fines Aegis Capital
FINRA Fines Aegis Capital Corp. $950,000 for Sales of Unregistered Penny Stocks and AML Violations
08/04/2015
Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement
As a result, Crédit Agricole said that it was setting aside an additional provision of 350 million euros
08/04/2015
Swiss Bank Reaches Resolution under Justice Department's Swiss Bank Program
Individual Income Tax Returns, or IRS Forms 1040, that failed to report their respective interests in their undeclared accounts and the related income.
08/04/2015
Three Swiss Banks Reach Resolutions under Justice Department's Swiss Bank Program
Banks Will Collectively Pay Penalties of More than $8.4 Million and Continue to Cooperate with Department
08/04/2015
Islamic Finance Reaches New Level of Shari'ah Governance in U.S.
Azzad Asset Management today announced the successful completion of an independent, external Shari'ah audit and verification of its policies and procedures.
08/04/2015
Federation Centres investors consider legal action over Steven Sewell sacking
JP Morgan's Scott Molloy also sited inconsistency to what shareholders were sold during the merger.
08/04/2015
New York regulator cuts off Promontory Financial from consulting to banks
he investigation, begun in September 2013, related to reports that Promontory prepared and submitted to the department in 2010-11 with findings of its review of certain transactions by Standard Chartered Bank STAN, -1.91% .
08/03/2015
Retired Wells Fargo Exec to Help Ex-Convicts
Wells Fargo Advisors’ former CEO Danny Ludeman launches efforts to help ex-convicts adjust to life after prison.
08/03/2015
Being a Florida lawmaker a path to wealth for many
Their incomes have generally risen, too, by 63 percent on average.
08/03/2015
That’s not cool man! Bank regulators deny pot industry access to financial institutions
Financial institutions were hesitant to provide services to pot sellers, fearing repercussions for dealing with drug money.
08/03/2015
Judge deals hedgie setback in $100M suit against neighbor
New York hedge fund tycoon Louis Bacon must have been on island time.
08/03/2015
ITG Ousts CEO Gasser After Probe
Investment Technology Group’s investigation found Robert Gasser failed to disclose some details of alleged improprieties to board
07/31/2015
Reformers Win Seats on FINRA Board
FINRA’s nominating committee, a subset of the current board, usually hand picks one individual for each seat.
07/31/2015
Silver Law Group Investigates Former Merrill Lynch Broker Thomas Buck
Silver Law Group is investigating claims against Indiana-based stockbroker Thomas Buck, who earlier this week was barred by the Financial Industry Regulatory Authority from associating with any FINRA member firm and was accused by FINRA of improperly ch
07/30/2015
IRS Proposed Rules On Private Equity Management Fee Waivers
These arrangements are increasingly common, but their tax treatment is receiving more scrutiny.
07/30/2015
U.S. must wait for EU hedge fund "passports" - EU watchdog
The European Securities and Markets Authority also said it has not yet reached a view on whether hedge funds and other alternative investment funds from the United States should be given a "passport".
07/29/2015
Wall Street watchdog bars former Merrill Lynch broker
As a result, Buck is permanently barred from selling securities at FINRA member firms.
07/28/2015
SEC To Reject Second Application by Precidian For Non-Transparent ETFs
Eaton Vance Corp, which has received SEC approval to launch similar funds, called exchange-traded managed funds, disclosed the SEC's plans to deny Precidian's applications Monday morning.
07/28/2015
Goldman Sachs Fined $1.8 Million for Reporting Violations
It is critical that firms have the necessary systems and supervision in place to ensure compliance with their OATS and trade reporting obligations