02/24/2015
US launches probe into alleged gold rigging by banks
It also said the Commodity Futures Trading Commission had subpoenaed HSBC Bank USA for documents related to its precious metals trading.
Legal, Regulation & Compliance
02/23/2015
American Express Slapped With Charges Of Violation Of U.S. Anti-Trust Laws
American Express Company has been found guilty of antitrust violations by a federal judge Nicholas Garaufis in New York.
02/23/2015
Ex-Barclays brokers can keep nearly $4 million in bonus money -panel
Two former Barclays stockbrokers can keep nearly $4 million in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms.
02/23/2015
Bank of America chips away at brokerage industry truce
Lawyers said this policy chips away at the decade-old truce among brokerages known as the Protocol for Broker Recruiting
02/23/2015
Looming Bank Rules Haunt Insurers
Insurance companies could struggle under proposal meant to make lenders safe enough to fail
02/23/2015
Court appoints receiver to take over Jacob Keith Cooper hedge fund
The Securities and Exchange Commission (SEC) also accused him of inflating the fees to client accounts to pay for his legal and other expenses without telling his investors.
02/22/2015
US SEC to release more guidance on how it grants regulatory waivers
Elizabeth Murphy, an associate director for the Securities and Exchange Commission's Corporation Finance division, revealed the agency's plans Saturday
02/20/2015
Fed approves IberiaBank's $90 million Florida Bank deal
The Federal Reserve has approved IberiaBank's plan to purchase Florida Bank Group for $90 million in cash and stock
02/19/2015
Interactive Brokers must pay $667,000 for portfolio selloff mishap -panel
Firms generally require the value of securities in margin accounts to stay above a certain amount
02/19/2015
Canadian securities regulator issues warning re offshore Japanese broker Chikara FX
Chikara FX, a firm which provides provides offshore futures and commodities, is not licensed by the Ontario Securities Commission to carry out business in the Canadian province of Ontario
02/18/2015
Federal Regulators Are Seeking To Finalize Clawback Incentive-Pay Rules For Wall Street
Federal regulators plan to finalize rules governing employee compensation on Wall Street, potentially concluding one of the most divisive outstanding issues in financial reform.
02/18/2015
FTI Consulting Honored With Seven M&A Advisor Turnaround Awards
FTI Consulting has announced that FTI Consulting was honored by the 9th Annual M&A Advisor Turnaround Awards for the highest levels of performance during 2014 in the distressed investing and reorganization industry, covering lower middle market to mul
02/16/2015
Barclays fails to win dismissal of NY 'dark pool' lawsuit
The judge also dismissed a claim that Schneiderman brought under a separate state law.
02/16/2015
Hedge fund manager allegedly faked death to avoid redemptions
Malik, who also allegedly used some of the money to find a spouse, is being held on $1 million bond over $1 million cash bail
02/16/2015
Retired Westchester Surrogate Judge Heads Expansion Of Law Firm
DelBello, Donnellan, Weingarten, Wise & Wiederkehr, a prominent New York metropolitan area law firm, has announced the expansion of its estate practice to be headed by Westchester County Surrogate Judge Anthony A. Scarpino Jr.
02/16/2015
Cayman’s Caledonian Bank Files Bankruptcy After SEC Freeze
The asset freeze “had a crippling effect on debtor’s liquidity,” lawyers for the bank said in the filing.
02/13/2015
US SEC's Piwowar Skeptical of FINRA's Data Collection Proposal
FINRA wants the use the information to help it analyze securities transactions from all individual U.S. brokerage accounts
02/13/2015
SEC Proposes Rules for Hedging Disclosure
The Securities and Exchange Commission has approved proposed rules that would enhance corporate disclosure of company hedging policies for directors and employees
02/12/2015
US banking giant continues its strategic expansion
The move constitutes another signifcant departure in the legal team
02/12/2015
Raymond James Taking The Fall For Not-So-Bright Employees
Which is bad, because that’s pretty much the whole reason one goes to—and pays—a financial adviser.