04/02/2015
Former Canada Life agent lodges guilty plea
Man accused of stealing €800,000 has case sent on to
Legal, Regulation & Compliance
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
03/27/2015
SEC Adopts Rules to Facilitate Smaller Companies’ Access to Capital
New Rules Provide Investors With More Investment Choices
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