12/12/2014
The NYDFS issuance is just the most recent example of the increasing focus among state and federal regulatory agencies and government officials regarding cyber security and its importance to the financial services industry.
12/11/2014
Hedge Fund’s Portfolio Manager Agrees to Settle Charges
12/11/2014
More paperwork as governments force wealthy to declare overseas assets.
12/11/2014
Banks can raise capital either by selling new stock to shareholders or retaining profits.
12/11/2014
The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates,
12/11/2014
Welcome to the December issue of Withers' Regulatory Watch.
12/11/2014
FINRA's research analyst conflict of interest rules make clear that firms may not use research analysts or the promise of offering favorable research to win investment banking business
12/10/2014
Federal prosecutors on Monday sued Deutsche Bank AG, seeking $190 million from the German bank for allegedly engaging in a tax evasion scheme by setting up shell companies to hide profits on the appreciation of stock that the bank purchased in 1999.
12/10/2014
What's unclear is whether Concord's founders also hid this practice from LPL Financial
12/10/2014
A bill has been introduced in the House of Representatives which seeks a five year moratorium on statutory restrictions or regulations on cryptocurrencies such as Bitcoin.
12/10/2014
Penningtons Manches Opens In San Francisco
This builds upon the firm's considerable network of clients and contacts in San Francisco and Silicon Valley.
12/10/2014
Shah was at the time a portfolio manager at an asset management firm that managed billions of dollars in mutual funds and a hedge fund.
12/10/2014
The US Securities and Exchange Commission (SEC) has issued a cease and desist order and has imposed remedial sanctions upon a foreign bank which failed to register as a broker-dealer or as an investment adviser.
12/09/2014
The SEC’s order further finds that Burnside and BTC Trading Corp. failed to register the LTC-Global exchange
12/09/2014
The firms, which consented to the orders without admitting or denying the findings, will collectively pay $140,000 in penalties and must comply with a series of remedial undertakings designed to prevent future violations of these independence requirements
12/09/2014
Court limits effort to access some profits
12/09/2014
Citibank was sued by investor Dr. Sami Abbas Hussein Ali before the Abu Dhabi Commercial Court of First Instance on 08/12/2014.
12/05/2014
The regulatory waiver given to the largest bank of the U.S., Bank of America Corp, has been praised by another Securities and Exchange Commission member who called it a “breakthrough” in commission’s methods to handle waivers.
12/05/2014
Barclays Plc asked that a federal judge in New York handle claims it hid the role of high-frequency traders in its dark pool, saying the evidence in the case is “incredibly complex” and includes millions of trading records.
12/05/2014
US regulators are getting fed up with Wall Street’s attempts to stall a restriction on risky swaps trades.