03/27/2015
SEC Adopts Rules to Facilitate Smaller Companies’ Access to Capital
New Rules Provide Investors With More Investment Choices
Legal, Regulation & Compliance
03/27/2015
SEC Charges Nearly Two Dozen Unregistered Broker-Dealers
The broker-dealer registration provisions of the securities laws ensure the protection of customers by requiring firms to undergo periodic inspections by the SEC and maintain books and records for their securities transactions.
03/27/2015
FINRA Sanctions First New York Securities
Firm Fined $400,000 and Ordered to Pay More Than $500,000 in Disgorgement; Prohibited From Participating in Secondary Offerings for Six Months
03/27/2015
BofA's Merrill Lynch Fined $2.5M for Compliance Violations
Shares of Bank of America Corporation declined nearly 3% after Massachusetts imposed a penalty of $2.5 million on Merrill Lynch, Pierce, Fenner & Smith Inc.
03/26/2015
Top RE lawyer Luigi Rosabianca suspended for mishandling client funds
Most recently, in March 2014, a client claimed that Rosabianca represented him in the sale of his apartment
03/26/2015
The Myth About Money Managers and Divorce
According to Wall Street lore, Citadel CEO Kenneth Griffin’s marital troubles should mean he’s a bad bet. That idea needs rethinking
03/26/2015
Argentina considers Citigroup deal with US Judge Griesa could have violated local law
Kicillof said the securities commission and central bank would examine the deal to determine officially if it was legal
03/26/2015
Two Merrill Lynch officials face probe over botched Harvest deal
They pointed out that Peter Kim's father is Kim Baek-jun, a former presidential secretary of general affairs in the Lee administration.
03/25/2015
US regulators criticise HSBC, RBS and BNP Paribas contingency plans
US regulators said two UK banks needed to improve their contingency plans in case of a catastrophic shock
03/24/2015
Merrill Lynch Fined $2.5 Million in Massachusetts
The matter related to an internal presentation made to Merrill executives and financial advisers about transferring client assets.
03/24/2015
Despite Regulatory Advances, Experts Say Risk Remains a Danger to Large Banks
With all the new laws and regulations since the financial crisis, it would be easy to believe that the banking industry is safer
03/24/2015
HSBC, BNP and RBS Faulted on Living Wills by U.S. Regulators
HSBC Holdings Plc, BNP Paribas SA and Royal Bank of Scotland Group Plc must conduct top-to-bottom rewrites of plans showing how they can be safely unwound in bankruptcy before resubmitting the living wills to U.S. regulators
03/24/2015
Total Settlement Dollars for U.S. Securities Class Actions Hit 16-Year Low
Total settlements dropped to $1.1 billion, from $4.8 billion in 2013, primarily due to a lack of large cases. The largest settlement amount in 2014 was $265 million, compared with $2.5 billion in the prior year. According to the report, the number of sett
03/23/2015
International law firm adds one of Nation’s top private client lawyers
She Becomes Head of New Washington, D.C. Private Client Practice
03/23/2015
Zions, Regulators Still at Loggerheads
Postcrisis regime places financial groups of different sizes under the same regulatory umbrella
03/23/2015
Citigroup gets US court's approval to process two Argentine bond payments
The bank said the US District Court for the Southern District of New York allowed it to make interest payments to investors holding $2.3bn of Argentine bonds due at the end of March
03/23/2015
US regulators target Deutsche Bank over Libor
The New York-based Department of Financial Services has started investigating Deutsche Bank over alleged Libor manipulation
03/23/2015
Gibraltar--A Tax Haven--Sues ABC For Calling It A Tax Haven
According to news reports, Gibraltar’s government isn’t going to take being called a ‘tax haven’ lying down.
03/20/2015
Fed urges lawmakers to toughen rules on Wall St and commodities
U.S. lawmakers should consider overturning a decades-old rule that allows Morgan Stanley and Goldman Sachs to extract, transport and trade physical commodities
03/20/2015
NFA charges UBS with unauthorized withdrawal
As the transfer of funds was generated by the firm’s depository, UBS did not obtain written pre-approval of a financial principal