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.
Legal, Regulation & Compliance
02/11/2015
Settlement reached in $41m debt owed by OR firm
A U.S. District judge last year granted a summary judgment against AUI and its affiliate
02/11/2015
Puerto Rico lawmakers remove interest cap from $2 bln bond deal
The amendment eliminated a restriction on how large a discount Puerto Rico could offer buyers
02/10/2015
UBS confirms fresh tax evasion probe in the US
The Swiss bank said US regulators were investigating potential sales of so called "bearer bonds"
02/10/2015
U.S. Is Seeking Felony Pleas by Big Banks in Foreign Currency Inquiry
The pleas would be likely to carry a symbolic stigma, if limited actual fallout, in handing felony convictions to some of the world’s biggest banks.
02/09/2015
SEC Goes After a Cayman Islands Bank
Cayman Islands-based Caledonian Bank and four other companies took more than $75 million from unregistered sales of "virtually worthless" penny stocks
02/09/2015
UBS Puerto Rico Apparently Pressured Brokers to Sell Risky Puerto Rico Bond Funds -- Dimond Kaplan & Rothstein
Investors have lost billions of dollars in the UBS funds
02/09/2015
SEC Imposes Sanctions Against China-Based Members of Big Four Accounting Networks for Refusing to Produce Documents
The settlement is an important milestone in the SEC’s ability to obtain documents from China
02/09/2015
U.S. Probe Of Barclays, UBS Widens Forex Trading Investigation
Currency-linked investments marketed by Barclays Plc. and UBS are under the scanner of the US Department of Justice
02/09/2015
LeoGroup Acquires Apex Wealth Services to Expand Wealth Reporting & Administrative Capabilities for Ultra-High Net Worth Clients
Apex provides comprehensive wealth reporting and related administrative services for affluent investors with complex portfolios.
02/06/2015
Winning in court: Mishcon de Reya avoids potential £10m plus claim as case dismissed
Had the case been successful, claimants were planning on suing Mishcon for 'a sum in excess of £10m for consequential losses'
02/06/2015
The better to bamboozle you
The Securities and Exchange Commission today announced it has achieved an emergency asset freeze and temporary restraining order against Jacob Keith Cooper and his investment firm Total Wealth Management.
02/06/2015
SEC Charges Four in California Insider Trading Ring
The SEC alleges that John Gray, then an analyst at Barclays Capital, and his friend Christian Keller traded on confidential merger information
02/06/2015
Wegelin Banker Facing U.S. Tax Charge Said to Be Arrested
A Swiss banker charged three years ago in New York with helping Americans evade taxes was arrested in Germany and faces extradition to the U.S.
02/06/2015
Former SAC Capital hedge fund manager Noah Freeman gets 'freedom’
Former SAC Capital Advisors portfolio manager Noah Freeman is now a "freeman."
02/05/2015
Ex-wealth manager back in news
He failed to attend two court appearances in December of 2014
02/05/2015
OSC proposes new whistleblower program for public comment
Under the program, an employee or individual with credible concerns, would be eligible to receive a financial award
02/05/2015
Harwood Feffer LLP Announces Investigation of Advent Software, Inc.
Harwood Feffer LLP is investigating potential claims against the board of directors of Advent Software, Inc.
02/04/2015
K&L Gates Ranked Among Top 10 Firms for Superior Client Service
Based on direct, unprompted feedback from more than 300 Global 500 and Fortune 1000 corporate counsel.
02/04/2015
K&L Gates Moves Into Top 10 on U.S. Law Firm Brands Ranking
K&L Gates LLP has been recognized as one of the 10 strongest U.S. law firm brands