12/19/2014
Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINR
12/18/2014
The firm failed to properly vet some 220,000 new client accounts, Finra said
12/18/2014
The U.S. financial risk council on Thursday requested information on asset managers' key risks as part of an attempt to determine whether the industry poses a threat to markets.
12/18/2014
A U.S. credit union regulator has filed a lawsuit against two major banks over shoddy mortgage securities they sold during the run-up to the financial meltdown.
12/17/2014
The alleged fraud unraveled when the firm accidentally sent a loan statement to a college roommate of Thibeault in Arizona
12/17/2014
Banks and financial institutions are planning an aggressive push to dismantle parts of the Wall Street reform law when Republicans take control of Congress in January.
12/17/2014
BTG Pactual entered Chile with the $600 million acquisition of brokerage firm Celfin Capital SA in February 2012, but until now has not been allowed to operate in Chile under its own platform.
12/17/2014
The Supreme Court has quashed an earlier decision by a commercial court , that dismissed an application by Republic Bank to strike out a suit filed by HFC Bank.
12/16/2014
Yankee great Jorge Posada has sued his money agents for allegedly duping him out of $11.2 million — stealing a major chunk of his wealth just three years after he retired from baseball.
12/16/2014
The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc (BARC.L).
12/16/2014
The regulator in October accused Jordan Peixoto of making nearly $50,000 in illicit profits after learning from a friend who lived with a Pershing Square analyst of the hedge fund’s intention.
12/16/2014
Police have arrested a Yadkin County man amid an investigation involving Fackrell Trivette Wealth Management.
12/16/2014
Bank of America Corp. ’s Merrill Lynch unit violated fair-pricing guidelines nearly 720 times in retail customer transactions over two years
12/16/2014
A surprise interest rate hike by the Russian central bank late Monday night left analysts debating whether such "panicked" moves by officials have any genuine impact.
12/15/2014
Boris Johnson risks a hefty fine or even a spell in jail if he fails to pay American capital gains tax on a London property he sold in 2009
12/15/2014
The U.S. Securities and Exchange Commission also sued Bennett, saying he lured 30 investors with promises of 6 to 25 percent returns and misleading claims that a New York State governor and his then-wife were also investors.
12/15/2014
Finra said the firm failed to deliver documents after ETFs were purchased by clients
12/15/2014
The U.S. law firm industry is expected to see another year of profit growth in 2015, driven by an uptick in transactional work amid sagging demand for traditional litigation, according to a new report on the legal industry.
12/14/2014
The proposed settlement calls for the seven investment banks, which underwrote investment offerings, to pay the plaintiffs $74 million, according to court papers filed in a New York court on Thursday.
12/12/2014
He also brings our clients the ability to effectively defend all manner of white-collar criminal enforcement, SEC enforcement actions and enforcement proceedings brought by OFAC for alleged foreign trade violations."