04/27/2015
Citibank this month lost a key decision in its defense of a lawsuit in Abu Dhabi accusing the bank of self-dealing, defrauding investors, and attempting to cover-up investor losses
04/27/2015
Miami-based Espirito Santo Bank entered into an agreement with regulators on Feb. 25 to implement and comply with the strict Bank Secrecy Act and anti-money laundering requirements
04/27/2015
Greenwich Hedge Fund Controller Gets 48 Months Imprisonment
On 32 occasions between 2004 and 2013, HERZING used his position to wire $9,202,417.54 from his employer to accounts that he controlled. Judge Meyer ordered HERZING to pay full restitution.
04/24/2015
The US Securities and Exchange Commission has paid a compliance officer between $1.4m and $1.6m
04/24/2015
StateTrust Investments, Inc. has been penalized $90,000 and censured by the Securities and Exchange Commission in a settlement
04/24/2015
Navinder Sarao, the “flash crash” trader who US authorities want to prosecute over claims that he helped wipe hundreds of billions of dollars off the value of Wall Street stocks, may have a hidden $75 million offshore nest egg.
04/23/2015
Cowen had initially sought $19.5 million after his termination in 2011
04/23/2015
Bank of America Corp.’s Countrywide unit urged a federal appeals court to reverse a $1.3 billion fraud verdict finding the company at fault for selling defective residential mortgage loans to Fannie Mae and Freddie Mac.
04/23/2015
Fines and restitution relate to the improper sales of structured investment products to more than 200 retail investors
04/22/2015
The world’s second-largest foreign exchange trader still faces potential claims or settlements over past issues including alleged attempts at foreign exchange benchmark manipulation and alleged violations of U.S. sanctions on Iran.
04/22/2015
While it’s too early to report specifically where Raymond James stands on the new proposal, Curtis said on the surface, the new DOL proposal appears to be significantly better than the one put forward in 2010.
04/22/2015
New York's banking regulator will not settle with Barclays Plc over foreign exchange trading in coming weeks
04/22/2015
The CFTC has issued a complaint alleging that Florida resident Dorian Garcia returned nearly $2.1 million to investors
04/22/2015
Lawsky’s remarks Tuesday at a conference in New York represent a departure from his position in November
04/22/2015
The alert also provides a sample document request that lists six primary areas that the OCIE plans to evaluate during cybersecurity exams
04/22/2015
Prominent Insurance Attorney Joins Baker & McKenzie
His insurance practice includes matters related to oil and energy for mutuals
04/22/2015
The CFTC Complaint charges the Defendants with engaging in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.
04/22/2015
The CFTC Complaint charges the Defendants with unlawfully manipulating, attempting to manipulate, and spoofing — all with regard to the E-mini S&P 500 near month futures contract
04/22/2015
The Custody Risk Americas Awards 2015, hosted by Custody Risk Magazine, took place at the Marriott Marquis in New York City.
04/22/2015
The securities arbitration claim alleges that the Claimant is a retiree who lives on a fixed income