04/07/2015
Wall Street Law Firms Challenge Hedge-Fund Deal Tactic
Lawyers take issue with ‘appraisal arbitrage’ strategy
Legal, Regulation & Compliance
04/07/2015
UN Pension Accused of ‘Massive Fraud’
The fund CEO allegedly tampered with documents and attempted to hire a 90-year-old, according to UN staff and union heads.
04/07/2015
New Russian CFC Rules Will Impact Inbound U.S. Tax Planning
The primary investment sought by wealthy Russians typically has been U.S. real estate in cities such as New York and Miami.
04/07/2015
Argentine regulators inspect Citibank, following dispute over accord with hedge funds
Citibank Argentina CEO Ribisich was suspended last week in the wake of that deal.
04/07/2015
Debevoise Names Six New Partners
The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.
04/06/2015
Finra arbitration panel awards investor $1.3 million from ex-Stifel broker
Broker's former daughter-in-law claims churning and fiduciary breach
04/06/2015
Finra bars leading seller of private real estate investments from securities industry
The regulator said he misrepresented $50 million private offering that later went into default
04/02/2015
Former Canada Life agent lodges guilty plea
Man accused of stealing €800,000 has case sent on to
04/01/2015
Dwight Freeney is suing Bank of America for $20 million
The lawsuit appears to be connected to a case from early 2014
04/01/2015
Swiss Asset Manager Pleads Guilty in US Tax Avoidance Scheme
According to the allegations in the superseding Information and the prior indictment, as well as statements made during the plea proceeding and other documents filed in federal court in Manhattan, New York:
03/31/2015
SignatureFD launches wealth management solution for attorneys
Busy attorneys simply don’t have the bandwidth or the desire to coordinate all the details of their financial life
03/31/2015
BSI becomes first Swiss bank to settle under U.S. tax program
Swiss private bank avoided prosecution for suspected tax-related offenses by paying a $211 million penalty
03/31/2015
SEC Accuses PE Magnate of Defrauding Investors
Instead, nearly all valuations of loan assets have been reported to investors as unchanged from the time they were acquired despite many of the companies making partial or no interest payments to the funds for several years.
03/31/2015
Judge Won't Dismiss Suit Over Fees for BlackRock Funds
Wolfson denied the motion to dismiss based on the plaintiffs’ allegations
03/30/2015
SEC charges Macquarie over public offering
The Securities and Exchange Commission today announced charges against a New York-based brokerage firm responsible for underwriting a public offering despite obtaining a due diligence report indicating that the China-based company’s offering materia
03/29/2015
Brokerage Firms Accused Of False Advertising
The firms accused of misleading advertising are Merrill Lynch, Fidelity Investments, Ameriprise
03/29/2015
Figure in bias suit married to fund manager who defrauded T pension fund
Fletcher has denied wrongdoing.
03/29/2015
Mystery surrounds wealth of Bucks family accused of fraud
The Attorney General's Office claims the family, known for its longtime support of local Republicans and headed by 67-year-old Claire Risoldi
03/27/2015
U.S. SEC Proposes More Oversight for High-Speed Traders
The amendments would enhance regulatory oversight of active proprietary trading firms, such as high frequency traders.
03/27/2015
Oppenheimer to Pay Fine for Lax Supervision of Broadway Scam Broker
Wall Street's watchdog sanctioned Oppenheimer & Co a total of $3.75 million on Thursday for failing to supervise a former broker