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.
Legal, Regulation & Compliance
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
05/11/2015
Court revives two investment suits against CalPERS
In a case with racial overtones and ties to the CalPERS bribery scandal, an appeals court Friday revived two lawsuits targeting the pension fund’s refusal to invest $100 million with a private equity firm
05/11/2015
'American Lawyer 100 law firm' boosts Tax and Wealth Planning team
She regularly advises executors and fiduciaries. She also served as lead attorney for a trustee in a multi-million dollar trust litigation.
05/11/2015
Ex-CEO Of American Apparel Inc Files Defamation Lawsuit Against Investor
He alleged that Standard General has hired Jones Day, an outside law firm, for millions of dollars
05/10/2015
International law firm Further Strengthens Funds and Derivatives team
The international law firm has further strengthened its expertise in private investment funds and complicated derivatives transactions
05/08/2015
Hedge fund executives sentenced
David Bryson, 46, and Bart Gutekunst, 63, two former managing partners of Connecticut-based hedge fund New Stream Capital, were sentenced Wednesday to federal prison for their role in a scheme to defraud investors
05/07/2015
Vermont’s New Captive Legislation to Revise Some Capital Requirement Rules
Vermont officials announced that Gov. Peter Shumlin will sign new legislation passed in April that would bring several changes to the state’s captive insurance rules
05/07/2015
Point72 Names Former Connecticut United States Attorney Kevin J. O’Connor as General Counsel
O’Connor Served as Third-Ranking Member of United States Department of Justice in Long Career in Public Service
05/07/2015
4 former top Wilmington Trust execs face fed charges
Four of the bank's former top executives were hit Wednesday with federal allegations they engaged in conduct that hid the true extent of the bank's troubled loans during the economic crisis of the last decade
05/06/2015
Executive at failed Connecticut hedge fund gets 2-3/4 years prison
A former top executive of the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Tuesday to 2-3/4 years in prison