05/15/2015
Investment banker at Manhattan firm and his father charged in insider trading scheme
The charges including conspiracy and securities fraud were contained in a criminal complaint unsealed in Manhattan federal court
Legal, Regulation & Compliance
05/15/2015
Ex-JPMorgan Bank Teller, ID Theft Ring Get Prison Terms for Stealing $850K
The fraudsters referred to TD Bank as ‘touchdown’
05/15/2015
U.S. SEC Examiner Cites More Problems in Private Equity Sector
The new top examiner at the U.S. Securities and Exchange Commission said Wednesday that the agency is still finding some deficiencies in how private equity firms are complying with its regulations.
05/15/2015
Banks giving Chicago time, while state bankruptcy bill takes shape
Bank of America Merrill Lynch and Deutsche Bank AG declined to comment on any negotiations with the city. BNY Mellon, US Bank, Northern Trust Corp and Bank of Montreal were among several banks that did not respond to requests for comment.
05/15/2015
Divorce and Money: Six Costly Mistakes
From overlooking assets to seeking revenge, here are financial pitfalls to avoid
05/14/2015
U.S. Appeals Court Appears Receptive to Bond Trader's Fraud Appeal
Litvak, 40, was sentenced to two years in prison following his March 2014 conviction by a federal jury in New Haven, Connecticut
05/14/2015
Hedge-Fund Manager’s Credibility Questioned in Russian Laundering Case
Defendant Denis Katsyv’s court filing takes aim at William Browder’s allegations
05/14/2015
Dov Charney Files Two Lawsuits Accusing American Apparel and Hedge Fund for Defamation
In more legal shots fired in the ongoing battle over control of American Apparel, the dismissed clothing company’s founder has filed two lawsuits in less than one week
05/14/2015
BlackRock says regulators misunderstand securities lending risks
The Financial Stability Oversight Council, a body of U.S. regulators chaired by Treasury Secretary Jack Lew, has been particularly focused on how the sector operates.
05/14/2015
FINRA Fines Morgan Stanley $2 Million for Short Interest Reporting and Short Sale Rule Violations
FINRA also found that the firm's supervisory system was not reasonably designed to detect and prevent such violations.
05/14/2015
Former Credit Suisse Private Bankers Barred from Banking Industry
The Federal Reserve Board is barring five former private bankers and senior managers of Credit Suisse, AG, Zurich, Switzerland from employment in the banking industry.
05/14/2015
UBS must pay $200,000 to Puerto Rico fund investor
Over 20 years, the funds provided excellent returns
05/14/2015
Bank employee accused of using her job to stalk ex-boyfriend
It's hard enough in this day and age to keep your credit card information safe, but imagine if a bank employee was using your credit card to track your every move.
05/13/2015
Nomura, RBS conducted ‘enormous’ deception over risky financial product: U.S. judge
Nomura Holdings Inc. and Royal Bank of Scotland Group Plc. may face $500 million in damages for what a judge called an “enormous” deception in the sale of defective mortgage-backed securities
05/13/2015
Slow financial start for US law firms in 2015
Large law firms had a slow start to 2015 with modest revenue growth
05/13/2015
Wall Street Regulator FINRA Toughens Its Sanctions Guidelines
The new guidelines by the Financial Industry Regulatory Authority call for possibly expelling firms or barring individuals who commit fraud
05/13/2015
U.S. Set to Rip Up UBS Libor Accord, Seek Conviction
The move by the U.S. would be a first for the industry, making good on a March threat by a senior Justice Department official to revoke such agreements and putting banks on notice that these accords can be unwound if misconduct continues.
05/13/2015
Boutique law firm wins top dealmaker award
"These recognitions are a testament to our belief that blue chip lawyers working as a team, executing well and providing clients personal attention is a timeless and winning formula," said founding partner
05/12/2015
Northern Trust Experts Take up Senior Committee Roles Supporting Principles for Responsible Investment
Appointments Underline Expertise in Environmental, Social and Governance Investing
05/12/2015
ClearPath Wealth Management manager used client’s money to buy waterfront home
The filing claims Churchville “caused at least $11 million in losses to the Funds they advised and controlled