03/02/2015
Biggest Global Banks Shrink Under Pressure From Regulators
Global regulators have issued dozens of rules aimed at making the biggest banks safer
Legal, Regulation & Compliance
03/02/2015
Bloomberg BNA Publishes Guide On Technology Law In Financial Services
"FinTech Law" goes into great detail on the current state of the industry
03/02/2015
Bitcoin Investment Trust Gets FINRA Green Light to Trade
The Bitcoin Investment Trust, which is only open to high-income and institutional investors, is expected to compete with a bitcoin ETF planned by the Winklevoss twins.
03/02/2015
Brooklyn Federal Prosecutor Moves to Debevoise
She has been a federal prosecutor for 14 years, starting in the District of New Jersey, then moving to the U.S. Attorney’s Office in the EDNY, where she worked for the past 11 years.
02/27/2015
U.S. Regulator Questions Banks About Dividend-Arbitrage Trading
Examination focused on a range of industrywide practices in the dividend-arbitrage space
02/27/2015
U.S. SEC Targets Asset Manager Conflicts of Interest - Investigator
Wall Street has come under heightened scrutiny by the Obama administration amid concerns about conflicts of interest
02/27/2015
Targeted by U.S. Prosecutor, Hedge Fund Fights Back
Now more than four years and dozens of insider trading convictions later, one of those funds — forced to close from the taint of the raid — is fighting back
02/27/2015
US commodity pool investment scammer receives eight year sentence
The criminal charges arose from his solicitation fraud and misappropriation of pool participant funds
02/26/2015
Meredith Whitney Says Lawsuit Is an Attempt to Destroy Her Fund
Meredith Whitney called billionaire Michael Platt’s efforts to withdraw his company’s investment from her hedge fund a “blatant attempt” to dissolve the operation in violation of an agreement between them
02/26/2015
Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement
Morgan Stanley agreed to pay $2.6 billion to settle probes into its creation and sale of residential mortgage-backed securities
02/26/2015
Ex-hedge fund manager who cooperated in Galleon probe avoids jail
Swain also praised Hardin for cooperating immediately upon being approached in 2008 by federal agents
02/26/2015
Bank of America VP Pleads Guilty
He admitted that neither borrower qualified for the loans because they did not meet the bank's underwriting requirements
02/26/2015
US judge orders JPMorgan, Deutsche to give Argentine bond papers
Deutsche Bank and JPMorgan were ordered by U.S. District Judge Thomas Griesa to "immediately produce to NML's counsel
02/26/2015
Argentina shelves dollar-denominated bond sale
The new debt was to be issued under Argentine law to non-U.S. investors to avoid legal risks in the United States
02/25/2015
What Are the Risks Associated with Quiet Disclosures? FBAR - Report of Foreign Bank and Financial Accounts
Beginning in 2008, the IRS began a high profile campaign of pursuing taxpayers with unreported offshore accounts
02/25/2015
Regulator Targets Canada’s CIBC
Risk management faulted at Canadian Imperial Bank of Commerce; bank warned on acquisitions
02/25/2015
Ex-hedge fund analyst pleads guilty in NYC to copying trading code
A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer
02/25/2015
Swiss bank flags far lower penalty to settle U.S. tax probe
Swiss private bank said on Wednesday it expects a far lower than expected U.S. fine after coming clean on helping wealthy Americans evade taxes
02/24/2015
Obama: Financial advisers must act in clients' best interest
President Barack Obama on Monday proposed tougher regulations on investment brokers who handle retirement funds
02/24/2015
Marijuana Investing Update – Here Comes the Judge!
To be a good investor you have to know about the company, the industry, the macro-economics, and the legal context in which the investees operate.